Installed Building Products, Inc. (NYSE:IBP) CEO Jeffrey W. Edwards sold 200,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $74.25, for a total transaction of $14,850,000.00. Following the transaction, the chief executive officer now directly owns 504,800 shares in the company, valued at approximately $37,481,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Installed Building Products, Inc. (NYSE:IBP) traded down $0.10 during mid-day trading on Wednesday, hitting $74.25. 136,481 shares of the stock were exchanged, compared to its average volume of 152,640. Installed Building Products, Inc. has a fifty-two week low of $39.95 and a fifty-two week high of $79.40. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.93 and a current ratio of 2.22. The stock has a market cap of $2,390.00, a P/E ratio of 58.44 and a beta of 0.87.

Installed Building Products (NYSE:IBP) last issued its earnings results on Friday, November 3rd. The construction company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate 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 period in the prior year, the business posted $0.38 EPS. The business’s revenue was up 31.0% on a year-over-year basis. equities analysts forecast that Installed Building Products, Inc. will post 1.46 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of IBP. Vanguard Group Inc. raised its stake in shares of Installed Building Products by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 1,009,259 shares of the construction company’s stock valued at $53,238,000 after acquiring an additional 60,832 shares during the period. Renaissance Technologies LLC raised its stake in shares of Installed Building Products by 59.5% in the 1st quarter. Renaissance Technologies LLC now owns 51,200 shares of the construction company’s stock valued at $2,701,000 after acquiring an additional 19,100 shares during the period. Bank of America Corp DE raised its stake in shares of Installed Building Products by 110.3% in the 1st quarter. Bank of America Corp DE now owns 30,943 shares of the construction company’s stock valued at $1,632,000 after acquiring an additional 16,228 shares during the period. Bank of Montreal Can raised its stake in shares of Installed Building Products by 4,630.6% in the 2nd quarter. Bank of Montreal Can now owns 53,267 shares of the construction company’s stock valued at $2,821,000 after acquiring an additional 52,141 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of Installed Building Products in the 2nd quarter valued at $6,228,000. 65.91% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on IBP. KeyCorp reaffirmed a “hold” rating on shares of Installed Building Products in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Installed Building Products from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Friday, October 6th. Credit Suisse Group set a $73.00 price target on shares of Installed Building Products and gave the stock an “outperform” rating in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a “buy” rating and set a $65.00 price target on shares of Installed Building Products in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $69.00 price target on shares of Installed Building Products in a research note on Monday, October 16th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Installed Building Products has a consensus rating of “Buy” and a consensus target price of $67.17.

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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.

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

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