Installed Building Products Inc (NYSE:IBP) Insider William Jeffrey Hire Sells 2,000 Shares

Installed Building Products Inc (NYSE:IBP) insider William Jeffrey Hire sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the transaction, the insider now directly owns 33,040 shares in the company, valued at $3,138,800. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of NYSE:IBP opened at $96.00 on Wednesday. The company has a 50-day simple moving average of $87.41 and a 200-day simple moving average of $64.80. Installed Building Products Inc has a one year low of $29.02 and a one year high of $98.10. The company has a debt-to-equity ratio of 2.01, a quick ratio of 2.57 and a current ratio of 2.90. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 34.92 and a beta of 1.86.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, August 6th. The construction company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.35. The business had revenue of $393.94 million during the quarter, compared to analysts’ expectations of $372.61 million. Installed Building Products had a net margin of 5.14% and a return on equity of 45.67%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 earnings per share. As a group, research analysts forecast that Installed Building Products Inc will post 4.01 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of IBP. First Trust Advisors LP raised its holdings in Installed Building Products by 273.2% during the first quarter. First Trust Advisors LP now owns 57,557 shares of the construction company’s stock worth $2,792,000 after purchasing an additional 42,136 shares in the last quarter. Comerica Bank grew its position in Installed Building Products by 10.1% during the first quarter. Comerica Bank now owns 22,419 shares of the construction company’s stock worth $904,000 after buying an additional 2,065 shares during the period. SG Americas Securities LLC grew its position in Installed Building Products by 54.8% during the first quarter. SG Americas Securities LLC now owns 4,193 shares of the construction company’s stock worth $167,000 after buying an additional 1,484 shares during the period. Victory Capital Management Inc. grew its position in Installed Building Products by 762.9% during the first quarter. Victory Capital Management Inc. now owns 82,407 shares of the construction company’s stock worth $3,286,000 after buying an additional 72,857 shares during the period. Finally, Aperio Group LLC grew its position in Installed Building Products by 8.8% during the first quarter. Aperio Group LLC now owns 16,659 shares of the construction company’s stock worth $664,000 after buying an additional 1,350 shares during the period. 67.83% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Nomura Instinet raised their target price on shares of Installed Building Products from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Credit Suisse Group assumed coverage on shares of Installed Building Products in a research report on Wednesday, May 27th. They set an “outperform” rating and a $79.00 price target on the stock. Zacks Investment Research raised shares of Installed Building Products from a “hold” rating to a “strong-buy” rating and set a $99.00 price target on the stock in a research report on Thursday, August 13th. TheStreet raised shares of Installed Building Products from a “c” rating to a “b-” rating in a research report on Wednesday, May 27th. Finally, Nomura boosted their target price on Installed Building Products from $59.00 to $65.00 in a research report on Wednesday, May 27th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $76.62.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

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

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