Installed Building Products, Inc. (NYSE:IBP) Director J Michael Nixon sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $60.00, for a total transaction of $18,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Installed Building Products, Inc. (NYSE:IBP) traded up 0.09% on Monday, reaching $56.50. 20,130 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $54.26 and a 200 day moving average of $50.62. Installed Building Products, Inc. has a one year low of $30.17 and a one year high of $60.00. The firm has a market capitalization of $1.79 billion, a P/E ratio of 43.39 and a beta of 0.81.

Installed Building Products (NYSE:IBP) last announced its earnings results on Friday, August 4th. The construction company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.21. The business had revenue of $282.20 million for the quarter, compared to analysts’ expectations of $274.63 million. Installed Building Products had a net margin of 4.11% and a return on equity of 25.27%. The company’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. On average, equities research analysts predict that Installed Building Products, Inc. will post $2.24 EPS for the current year.

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Several research analysts recently commented on IBP shares. BidaskClub upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $61.00 price objective on shares of Installed Building Products in a research note on Monday, June 19th. Seaport Global Securities boosted their price objective on shares of Installed Building Products from $55.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, May 8th. Deutsche Bank AG upped their price target on shares of Installed Building Products from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Monday. Finally, Zacks Investment Research upgraded shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.80.

A number of institutional investors have recently made changes to their positions in IBP. BlackRock Inc. boosted its position in shares of 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. Wasatch Advisors Inc. boosted its position in shares of Installed Building Products by 3.9% in the second quarter. Wasatch Advisors Inc. now owns 1,104,994 shares of the construction company’s stock valued at $58,509,000 after buying an additional 41,236 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of 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 shares of 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. Finally, State Street Corp boosted its position in shares of 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. 63.56% of the stock is currently owned by institutional investors.

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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