Installed Building Products Inc (IBP) Director J Michael Nixon Sells 20,000 Shares

Installed Building Products Inc (NYSE:IBP) Director J Michael Nixon sold 20,000 shares of Installed Building Products stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $74.50, for a total transaction of $1,490,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, December 7th, J Michael Nixon sold 50,000 shares of Installed Building Products stock. The shares were sold at an average price of $73.57, for a total transaction of $3,678,500.00.

Shares of Installed Building Products Inc (NYSE IBP) traded down $0.30 during midday trading on Thursday, hitting $74.00. 219,654 shares of the stock traded hands, compared to its average volume of 194,925. Installed Building Products Inc has a 1-year low of $40.00 and a 1-year high of $79.40. The firm has a market capitalization of $2,360.00, a price-to-earnings ratio of 56.49 and a beta of 0.87. The company has a current ratio of 2.22, a quick ratio of 1.93 and a debt-to-equity ratio of 1.70.

Installed Building Products (NYSE:IBP) last announced its earnings results on Friday, November 3rd. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $295.20 million during the quarter, compared to analyst estimates of $292.51 million. During the same quarter last year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 31.0% compared to the same quarter last year. equities analysts expect that Installed Building Products Inc will post 1.46 EPS for the current fiscal year.

A number of research analysts have weighed in on the stock. Zelman & Associates cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Jefferies Group assumed coverage on shares of Installed Building Products in a report on Tuesday, December 12th. They issued a “hold” rating and a $69.00 price objective for the company. SunTrust Banks reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Installed Building Products in a report on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Installed Building Products in a report on Wednesday, November 1st. Finally, Zacks Investment Research cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $67.43.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its position in shares of Installed Building Products by 8.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 106,118 shares of the construction company’s stock valued at $8,060,000 after purchasing an additional 8,415 shares during the period. Crow Point Partners LLC acquired a new stake in shares of Installed Building Products in the fourth quarter valued at about $128,000. Algert Global LLC acquired a new stake in shares of Installed Building Products in the third quarter valued at about $2,519,000. California Public Employees Retirement System grew its position in shares of Installed Building Products by 77.2% in the third quarter. California Public Employees Retirement System now owns 26,223 shares of the construction company’s stock valued at $1,699,000 after purchasing an additional 11,423 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of Installed Building Products by 32.9% in the third 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 during the period. Institutional investors and hedge funds own 65.87% of the company’s stock.

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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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