Installed Building Products Inc (NYSE:IBP) Director Vikas Verma sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the completion of the sale, the director now directly owns 131,935 shares of the company’s stock, valued at $8,179,970. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vikas Verma also recently made the following trade(s):

  • On Wednesday, September 18th, Vikas Verma sold 10,000 shares of Installed Building Products stock. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00.

NYSE IBP traded up $0.21 during trading hours on Friday, hitting $65.39. 149,001 shares of the stock were exchanged, compared to its average volume of 198,532. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. Installed Building Products Inc has a 12-month low of $29.24 and a 12-month high of $65.83. The stock has a 50-day moving average of $58.04 and a 200 day moving average of $54.87. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 2.27.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Thursday, August 8th. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.03. The firm had revenue of $371.80 million during the quarter, compared to analysts’ expectations of $367.03 million. Installed Building Products had a net margin of 4.22% and a return on equity of 43.03%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. On average, equities research analysts expect that Installed Building Products Inc will post 2.97 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System increased its holdings in Installed Building Products by 0.9% in the second quarter. Arizona State Retirement System now owns 32,589 shares of the construction company’s stock valued at $1,930,000 after buying an additional 284 shares in the last quarter. Prudential Financial Inc. increased its holdings in Installed Building Products by 0.8% in the second quarter. Prudential Financial Inc. now owns 34,174 shares of the construction company’s stock valued at $2,024,000 after buying an additional 288 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Installed Building Products by 8.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 8,996 shares of the construction company’s stock valued at $533,000 after buying an additional 710 shares in the last quarter. Alberta Investment Management Corp increased its holdings in Installed Building Products by 7.8% in the second quarter. Alberta Investment Management Corp now owns 16,500 shares of the construction company’s stock valued at $977,000 after buying an additional 1,200 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Installed Building Products by 527.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,588 shares of the construction company’s stock valued at $94,000 after buying an additional 1,335 shares in the last quarter. 68.74% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on IBP shares. ValuEngine raised shares of Installed Building Products from a “sell” rating to a “hold” rating in a report on Thursday. SunTrust Banks upped their target price on shares of Installed Building Products from $50.00 to $54.00 and gave the company a “hold” rating in a report on Friday, August 9th. Nomura upped their target price on shares of Installed Building Products from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Finally, Zacks Investment Research cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Installed Building Products has an average rating of “Hold” and a consensus price target of $47.97.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

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

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