Installed Building Products (IBP) Getting Somewhat Favorable News Coverage, Analysis Finds
Press coverage about Installed Building Products (NYSE:IBP) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Installed Building Products earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 46.5154230846086 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Installed Building Products (IBP) opened at $72.00 on Friday. The stock has a market capitalization of $2,290.00, a P/E ratio of 55.46 and a beta of 0.87. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.22 and a quick ratio of 1.93. Installed Building Products has a 52 week low of $39.95 and a 52 week high of $79.40.
Installed Building Products (NYSE:IBP) last issued its earnings results on Friday, November 3rd. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.07). The firm had revenue of $295.20 million during the quarter, compared to analysts’ expectations of $292.51 million. Installed Building Products had a return on equity of 23.40% and a net margin of 3.88%. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. equities analysts expect that Installed Building Products will post 1.46 EPS for the current year.
In other news, Director J Michael Nixon sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $65.00, for a total transaction of $3,250,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey W. Edwards sold 200,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $74.25, for a total value of $14,850,000.00. Following the sale, the chief executive officer now directly owns 504,800 shares of the company’s stock, valued at approximately $37,481,400. The disclosure for this sale can be found here. In the last three months, insiders have sold 363,781 shares of company stock valued at $24,938,754. Insiders own 32.90% of the company’s stock.
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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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