Installed Building Products (IBP) Given Daily News Impact Rating of 0.12
News stories about Installed Building Products (NYSE:IBP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Installed Building Products earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 44.8293471433596 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Contrasting TopBuild Corp. (BLD) & Installed Building Products (IBP) (americanbankingnews.com)
- Head to Head Comparison: TopBuild Corp. (BLD) versus Installed Building Products (IBP) (americanbankingnews.com)
- Installed Building Products (IBP) vs. TopBuild Corp. (BLD) Head to Head Survey (americanbankingnews.com)
- Critical Survey: TopBuild Corp. (BLD) versus Installed Building Products (IBP) (americanbankingnews.com)
- Chief Operating Officer of Installed Building Products (NYSE:IBP), Elliott Jay P., sells 2,500 shares worth $161,521 (empowerednews.net)
Shares of Installed Building Products (IBP) remained flat at $65.00 on Thursday. The stock had a trading volume of 13,094 shares. Installed Building Products has a 12 month low of $30.75 and a 12 month high of $67.15. The firm has a 50 day moving average price of $58.72 and a 200 day moving average price of $53.87. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 49.92 and a beta of 0.83.
Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Friday, August 4th. The construction company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.21. The firm had revenue of $282.20 million for the quarter, compared to the consensus estimate of $274.63 million. Installed Building Products had a net margin of 4.11% and a return on equity of 25.27%. Installed Building Products’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. On average, equities analysts anticipate that Installed Building Products will post $2.24 EPS for the current year.
IBP has been the topic of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating and issued a $61.00 price objective on shares of Installed Building Products in a research note on Monday, June 19th. BidaskClub upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Deutsche Bank AG lifted their price objective 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, August 21st. KeyCorp restated a “hold” rating on shares of Installed Building Products in a research note on Tuesday, September 26th. Finally, Zacks Investment Research upgraded shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $63.25.
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In related news, CFO Michael Thomas Miller sold 7,430 shares of Installed Building Products stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $60.00, for a total value of $445,800.00. Following the sale, the chief financial officer now directly owns 32,086 shares in the company, valued at approximately $1,925,160. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction of $58,000.00. Following the completion of the sale, the insider now owns 4,091 shares in the company, valued at $237,278. The disclosure for this sale can be found here. Over the last quarter, insiders sold 168,546 shares of company stock worth $10,371,796. 32.90% of the stock is currently owned by insiders.
Installed Building Products Company Profile
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.
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