Installed Building Products Inc (NYSE:IBP) – KeyCorp boosted their FY2019 earnings per share estimates for Installed Building Products in a report issued on Tuesday, November 5th. KeyCorp analyst K. Zener now expects that the construction company will post earnings of $3.05 per share for the year, up from their prior forecast of $2.92. KeyCorp also issued estimates for Installed Building Products’ Q4 2019 earnings at $0.83 EPS and FY2020 earnings at $3.65 EPS.

IBP has been the subject of a number of other reports. SunTrust Banks lifted their price objective on shares of Installed Building Products to $71.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Nomura lifted their price objective on shares of Installed Building Products from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. ValuEngine raised shares of Installed Building Products from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Zacks Investment Research upgraded shares of Installed Building Products from a “hold” rating to a “strong-buy” rating and set a $81.00 target price for the company in a report on Thursday. Finally, Stephens raised their target price on shares of Installed Building Products from $61.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Installed Building Products has an average rating of “Hold” and an average price target of $58.18.

Shares of NYSE:IBP opened at $69.47 on Friday. Installed Building Products has a 52 week low of $30.54 and a 52 week high of $76.60. The stock has a market capitalization of $2.12 billion, a P/E ratio of 26.02, a PEG ratio of 1.49 and a beta of 1.17. The firm has a fifty day simple moving average of $62.58 and a two-hundred day simple moving average of $56.68. The company has a quick ratio of 1.85, a current ratio of 2.69 and a debt-to-equity ratio of 2.52.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Friday, November 1st. The construction company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.13. Installed Building Products had a net margin of 4.47% and a return on equity of 45.94%. The business had revenue of $396.40 million during the quarter, compared to analysts’ expectations of $385.46 million. During the same period last year, the company posted $0.72 EPS. The business’s revenue was up 13.6% on a year-over-year basis.

In other news, COO Jay P. Elliott sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.83, for a total value of $1,416,600.00. Following the completion of the sale, the chief operating officer now owns 23,529 shares in the company, valued at approximately $1,666,559.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vikas Verma sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. Following the completion of the sale, the director now owns 151,935 shares of the company’s stock, valued at approximately $9,116,100. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock valued at $4,532,760 in the last 90 days. Company insiders own 25.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in IBP. Nuveen Asset Management LLC bought a new stake in Installed Building Products during the 2nd quarter valued at about $8,511,000. Bamco Inc. NY lifted its holdings in Installed Building Products by 9.1% during the 2nd quarter. Bamco Inc. NY now owns 1,636,712 shares of the construction company’s stock valued at $96,926,000 after buying an additional 136,712 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in Installed Building Products during the 3rd quarter valued at about $5,753,000. Allianz Asset Management GmbH bought a new stake in Installed Building Products during the 2nd quarter valued at about $4,974,000. Finally, Panagora Asset Management Inc. bought a new stake in Installed Building Products during the 2nd quarter valued at about $4,888,000. Institutional investors own 68.60% of the company’s stock.

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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Earnings History and Estimates for Installed Building Products (NYSE:IBP)

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