Installed Building Products, Inc. (NYSE:IBP) Director J Michael Nixon sold 50,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $73.57, for a total value of $3,678,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

J Michael Nixon also recently made the following trade(s):

  • On Thursday, September 28th, J Michael Nixon sold 50,000 shares of Installed Building Products stock. The stock was sold at an average price of $65.00, for a total value of $3,250,000.00.
  • On Tuesday, September 26th, J Michael Nixon sold 10,384 shares of Installed Building Products stock. The stock was sold at an average price of $60.00, for a total value of $623,040.00.
  • On Friday, September 22nd, J Michael Nixon sold 5,899 shares of Installed Building Products stock. The shares were sold at an average price of $60.00, for a total value of $353,940.00.
  • On Monday, September 25th, J Michael Nixon sold 25,496 shares of Installed Building Products stock. The shares were sold at an average price of $60.00, for a total value of $1,529,760.00.
  • On Thursday, September 21st, J Michael Nixon sold 13,820 shares of Installed Building Products stock. The shares were sold at an average price of $60.00, for a total value of $829,200.00.

Installed Building Products, Inc. (NYSE IBP) opened at $71.10 on Friday. Installed Building Products, Inc. has a 1-year low of $39.95 and a 1-year high of $79.40. The company has a market capitalization of $2,224.01, a PE ratio of 53.28 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 (NYSE:IBP) last released its quarterly earnings data on Friday, November 3rd. The construction company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Installed Building Products had a net margin of 3.88% and a return on equity of 23.40%. The business had revenue of $295.20 million during the quarter, compared to analysts’ expectations of $292.51 million. During the same quarter in the previous year, the company posted $0.38 EPS. The company’s revenue was up 31.0% compared to the same quarter last year. sell-side analysts forecast that Installed Building Products, Inc. will post 1.46 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its stake in Installed Building Products by 11.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,894 shares of the construction company’s stock valued at $100,000 after purchasing an additional 198 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Installed Building Products by 6.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,421 shares of the construction company’s stock valued at $128,000 after purchasing an additional 155 shares in the last quarter. Pinebridge Investments L.P. increased its stake in Installed Building Products by 1.3% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,644 shares of the construction company’s stock valued at $140,000 after purchasing an additional 34 shares in the last quarter. D.A. Davidson & CO. increased its stake in Installed Building Products by 12.8% in the 2nd quarter. D.A. Davidson & CO. now owns 3,209 shares of the construction company’s stock valued at $169,000 after purchasing an additional 364 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Installed Building Products by 32.9% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,202 shares of the construction company’s stock valued at $207,000 after purchasing an additional 793 shares in the last quarter. 65.91% of the stock is owned by institutional investors.

Several equities analysts have recently commented on IBP shares. Credit Suisse Group set a $73.00 price target on Installed Building Products and gave the company an “outperform” rating in a research note on Tuesday, October 17th. Deutsche Bank boosted their price objective on Installed Building Products from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, August 21st. BidaskClub downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Jefferies Group assumed coverage on Installed Building Products in a report on Tuesday. They issued a “hold” rating and a $69.00 price objective on the stock. Finally, SunTrust Banks reiterated a “buy” rating and issued a $65.00 price objective on shares of Installed Building Products in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $67.43.

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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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