Installed Building Products, Inc. (NYSE:IBP – Get Free Report) Director Janet Jackson sold 1,086 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total transaction of $257,447.16. Following the completion of the sale, the director owned 5,142 shares of the company’s stock, valued at $1,218,962.52. This represents a 17.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Installed Building Products Stock Performance
NYSE:IBP opened at $211.43 on Thursday. The firm has a market capitalization of $5.62 billion, a PE ratio of 22.76, a PEG ratio of 4.28 and a beta of 1.71. The company has a current ratio of 2.98, a quick ratio of 2.41 and a debt-to-equity ratio of 1.62. Installed Building Products, Inc. has a 1 year low of $193.11 and a 1 year high of $349.00. The firm’s fifty day simple moving average is $233.95 and its 200 day simple moving average is $248.56.
Installed Building Products (NYSE:IBP – Get Free Report) last announced its earnings results on Thursday, August 6th. The construction company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.36. Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%.The firm had revenue of $777.80 million during the quarter, compared to the consensus estimate of $743.33 million. During the same quarter in the prior year, the company earned $2.95 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Installed Building Products, Inc. will post 9.82 EPS for the current year.
Installed Building Products Announces Dividend
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Danske Bank A S bought a new position in Installed Building Products in the third quarter valued at about $25,000. NewEdge Advisors LLC grew its position in shares of Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after buying an additional 100 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Installed Building Products during the first quarter worth approximately $30,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Installed Building Products during the second quarter worth approximately $31,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Installed Building Products by 700.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after buying an additional 133 shares during the period. 99.61% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on IBP shares. DA Davidson lifted their target price on Installed Building Products from $242.00 to $250.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Installed Building Products in a research report on Tuesday, August 18th. Zacks Research raised Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Evercore set a $246.00 price target on shares of Installed Building Products in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Installed Building Products currently has an average rating of “Hold” and an average target price of $249.30.
Check Out Our Latest Analysis on IBP
Installed Building Products Company Profile
Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.
Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.
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