Installed Building Products, Inc. (NYSE:IBP) VP Michael Thomas Miller sold 36,908 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $60.01, for a total value of $2,214,849.08. Following the completion of the transaction, the vice president now owns 32,086 shares of the company’s stock, valued at $1,925,480.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Thomas Miller also recently made the following trade(s):

  • On Tuesday, August 15th, Michael Thomas Miller sold 1,661 shares of Installed Building Products stock. The stock was sold at an average price of $60.00, for a total value of $99,660.00.
  • On Friday, August 4th, Michael Thomas Miller sold 87 shares of Installed Building Products stock. The stock was sold at an average price of $60.00, for a total value of $5,220.00.

Shares of Installed Building Products, Inc. (NYSE:IBP) opened at 59.90 on Friday. The company’s 50-day moving average price is $56.95 and its 200 day moving average price is $52.88. Installed Building Products, Inc. has a 12-month low of $30.75 and a 12-month high of $60.08. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 46.01 and a beta of 0.80.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Friday, August 4th. The construction company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.21. The firm had revenue of $282.20 million during the quarter, compared to the consensus estimate of $274.63 million. Installed Building Products had a return on equity of 25.27% and a net margin of 4.11%. The firm’s revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. On average, equities research analysts forecast that Installed Building Products, Inc. will post $2.24 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Michael Thomas Miller Sells 36,908 Shares of Installed Building Products, Inc. (IBP) Stock” was published by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/09/22/michael-thomas-miller-sells-36908-shares-of-installed-building-products-inc-ibp-stock.html.

IBP has been the subject of several research analyst 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 Installed Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Deutsche Bank AG raised their price objective on Installed Building Products from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. Zacks Investment Research upgraded Installed Building Products from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, Credit Suisse Group initiated coverage on Installed Building Products in a research note on Thursday, June 22nd. They issued an “outperform” rating and a $61.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $59.80.

Institutional investors and hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can raised its stake in Installed Building Products by 7.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 28,870 shares of the construction company’s stock valued at $1,527,000 after acquiring an additional 1,905 shares during the last quarter. Prudential Financial Inc. raised its stake in Installed Building Products by 0.6% during the 1st quarter. Prudential Financial Inc. now owns 34,530 shares of the construction company’s stock valued at $1,821,000 after acquiring an additional 220 shares during the last quarter. Scout Investments Inc. raised its stake in Installed Building Products by 27.0% during the 2nd quarter. Scout Investments Inc. now owns 68,600 shares of the construction company’s stock valued at $3,632,000 after acquiring an additional 14,600 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Installed Building Products by 10.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 450,719 shares of the construction company’s stock valued at $23,775,000 after acquiring an additional 41,670 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Installed Building Products by 3.9% during the 1st quarter. Geode Capital Management LLC now owns 153,658 shares of the construction company’s stock valued at $8,104,000 after acquiring an additional 5,720 shares during the last quarter. 65.60% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Installed Building Products (NYSE:IBP)

Receive News & Ratings for Installed Building Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Installed Building Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.