Installed Building Products, Inc. (NYSE:IBP) insider Todd R. Fry sold 1,000 shares of Installed Building Products stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $58.00, for a total value of $58,000.00. Following the completion of the sale, the insider now directly owns 4,091 shares in the company, valued at approximately $237,278. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Installed Building Products, Inc. (NYSE IBP) traded down 0.34% during trading on Tuesday, reaching $59.30. The company’s stock had a trading volume of 109,003 shares. The stock’s 50 day moving average price is $53.70 and its 200-day moving average price is $50.28. Installed Building Products, Inc. has a 12 month low of $30.17 and a 12 month high of $60.00. The firm has a market cap of $1.88 billion, a PE ratio of 45.55 and a beta of 0.81.

Installed Building Products (NYSE:IBP) last posted its earnings results on Friday, August 4th. The construction company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.21. Installed Building Products had a net margin of 4.11% and a return on equity of 25.27%. The firm had revenue of $282.20 million for the quarter, compared to analysts’ expectations of $274.63 million. During the same quarter last year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 33.2% compared to the same quarter last year. Equities analysts predict that Installed Building Products, Inc. will post $2.24 EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Installed Building Products by 3.1% in the second quarter. BlackRock Inc. now owns 2,829,787 shares of the construction company’s stock valued at $149,836,000 after buying an additional 84,555 shares in the last quarter. Vanguard Group Inc. boosted its position in Installed Building Products by 3.7% in the second quarter. Vanguard Group Inc. now owns 1,046,278 shares of the construction company’s stock valued at $55,400,000 after buying an additional 37,019 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Installed Building Products by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 809,581 shares of the construction company’s stock valued at $42,867,000 after buying an additional 20,210 shares in the last quarter. State Street Corp boosted its position in Installed Building Products by 7.2% in the second quarter. State Street Corp now owns 584,897 shares of the construction company’s stock valued at $30,963,000 after buying an additional 39,302 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in Installed Building Products by 10.2% in the first quarter. Loomis Sayles & Co. L P now owns 450,719 shares of the construction company’s stock valued at $23,775,000 after buying an additional 41,670 shares in the last quarter. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

IBP has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 target price on shares of Installed Building Products in a research report on Wednesday, June 7th. Seaport Global Securities lifted their target price on Installed Building Products from $55.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, May 8th. Zacks Investment Research downgraded Installed Building Products from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 10th. BidaskClub raised Installed Building Products from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Credit Suisse Group AG initiated coverage on Installed Building Products in a research report on Thursday, June 22nd. They set an “outperform” rating and a $61.00 price target on the stock. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.25.

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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