Installed Building Products (NYSE: IBP) recently received a number of ratings updates from brokerages and research firms:

  • 10/23/2017 – Installed Building Products was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 10/17/2017 – Installed Building Products was given a new $73.00 price target on by analysts at Credit Suisse Group. They now have an “outperform” rating on the stock.
  • 10/16/2017 – Installed Building Products had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $69.00 price target on the stock.
  • 10/6/2017 – Installed Building Products was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $73.00 price target on the stock. According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 9/26/2017 – Installed Building Products had its “hold” rating reaffirmed by analysts at KeyCorp.

Installed Building Products, Inc. (IBP) opened at 65.20 on Tuesday. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 50.08 and a beta of 0.83. The company’s 50-day moving average is $62.17 and its 200-day moving average is $55.17. Installed Building Products, Inc. has a 52-week low of $30.75 and a 52-week high of $67.15.

Installed Building Products (NYSE:IBP) last posted its earnings results 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. Installed Building Products had a net margin of 4.11% and a return on equity of 25.27%. The firm had revenue of $282.20 million during the quarter, compared to the consensus estimate of $274.63 million. During the same period last year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. Equities analysts predict that Installed Building Products, Inc. will post $2.24 earnings per share for the current year.

In other Installed Building Products news, CFO Michael Thomas Miller sold 7,430 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $60.00, for a total transaction of $445,800.00. Following the completion of the transaction, the chief financial officer now directly owns 32,086 shares in the company, valued at approximately $1,925,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Michael Nixon sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $65.00, for a total transaction of $3,250,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 168,546 shares of company stock valued at $10,371,796 over the last 90 days. 32.90% of the stock is currently owned by insiders.

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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