Installed Building Products Inc. (NYSE:IBP) Director J Michael Nixon sold 50,000 shares of Installed Building Products stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $42.01, for a total transaction of $2,100,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Installed Building Products Inc. (NYSE:IBP) opened at 41.50 on Thursday. The firm has a market cap of $1.30 billion, a P/E ratio of 35.47 and a beta of 0.61. The stock has a 50 day moving average of $36.26 and a 200 day moving average of $34.98. Installed Building Products Inc. has a 52 week low of $17.60 and a 52 week high of $42.75.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.07. Installed Building Products had a return on equity of 29.06% and a net margin of 4.47%. The firm had revenue of $225.40 million for the quarter, compared to analyst estimates of $234 million. During the same period last year, the company earned $0.32 EPS. The company’s revenue was up 24.1% compared to the same quarter last year. Equities analysts forecast that Installed Building Products Inc. will post $1.33 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the company. Navellier & Associates Inc purchased a new position in Installed Building Products during the second quarter worth $616,000. Swiss National Bank increased its position in Installed Building Products by 2.0% in the second quarter. Swiss National Bank now owns 30,733 shares of the company’s stock worth $1,115,000 after buying an additional 600 shares during the period. Kornitzer Capital Management Inc. KS purchased a new position in Installed Building Products during the second quarter worth $1,016,000. Emerald Advisers Inc. PA increased its position in Installed Building Products by 1.1% in the second quarter. Emerald Advisers Inc. PA now owns 603,766 shares of the company’s stock worth $21,911,000 after buying an additional 6,320 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its position in Installed Building Products by 0.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 696,334 shares of the company’s stock worth $25,270,000 after buying an additional 4,500 shares during the period. 68.20% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. RBC Capital Markets lifted their price target on shares of Installed Building Products from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Zacks Investment Research raised shares of Installed Building Products from a “sell” rating to a “hold” rating in a research report on Thursday, August 18th. Deutsche Bank AG lifted their price target on shares of Installed Building Products from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Royal Bank Of Canada lifted their price target on shares of Installed Building Products from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Finally, Seaport Global Securities assumed coverage on shares of Installed Building Products in a research report on Tuesday, November 22nd. They issued a “buy” rating and a $52.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Installed Building Products currently has a consensus rating of “Buy” and an average price target of $42.17.

Installed Building Products Company Profile

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. The Company’s national platform consists of over 100 locations accessing customers in approximately 50 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 provide cross-selling opportunities to supplement the insulation installation business.

5 Day Chart for NYSE:IBP

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