Installed Building Products, Inc. (NYSE:IBP) CEO Jeffrey W. Edwards sold 200,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $74.25, for a total value of $14,850,000.00. Following the sale, the chief executive officer now owns 504,800 shares of the company’s stock, valued at approximately $37,481,400. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Installed Building Products, Inc. (IBP) traded down $1.60 during midday trading on Friday, reaching $72.65. The company’s stock had a trading volume of 323,700 shares, compared to its average volume of 153,365. The stock has a market cap of $2,365.79, a PE ratio of 56.68 and a beta of 0.87. Installed Building Products, Inc. has a 52-week low of $39.95 and a 52-week high of $79.40. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.93 and a current ratio of 2.22.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Friday, November 3rd. The construction company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.07). The company had revenue of $295.20 million during the quarter, compared to analysts’ expectations of $292.51 million. Installed Building Products had a return on equity of 23.40% and a net margin of 3.88%. The firm’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 EPS. equities analysts anticipate that Installed Building Products, Inc. will post 1.46 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its holdings in Installed Building Products by 11.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,894 shares of the construction company’s stock worth $100,000 after acquiring an additional 198 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Installed Building Products by 6.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,421 shares of the construction company’s stock valued at $128,000 after purchasing an additional 155 shares in the last quarter. Pinebridge Investments L.P. raised its position in shares of Installed Building Products by 1.3% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,644 shares of the construction company’s stock valued at $140,000 after purchasing an additional 34 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Installed Building Products by 12.8% in the 2nd quarter. D.A. Davidson & CO. now owns 3,209 shares of the construction company’s stock valued at $169,000 after purchasing an additional 364 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Installed Building Products by 32.9% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,202 shares of the construction company’s stock valued at $207,000 after purchasing an additional 793 shares in the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

A number of brokerages have recently issued reports on IBP. Zacks Investment Research cut Installed Building Products from a “hold” rating to a “strong sell” rating in a report on Thursday, August 10th. BidaskClub upgraded Installed Building Products from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. KeyCorp reiterated a “hold” rating on shares of Installed Building Products in a report on Tuesday, September 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $69.00 target price on shares of Installed Building Products in a report on Monday, October 16th. Finally, Credit Suisse Group set a $73.00 target price on Installed Building Products and gave the stock an “outperform” rating in a report on Tuesday, October 17th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $67.17.

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About Installed Building Products

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. As of December 31, 2016, the Company’s national platform included over 100 locations accessing customers in 48 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provides cross-selling opportunities to supplement the insulation installation business.

Insider Buying and Selling by Quarter for Installed Building Products (NYSE:IBP)

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