News stories about Installed Building Products (NYSE:IBP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Installed Building Products earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.7123824532358 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
IBP has been the topic of several recent analyst reports. BidaskClub upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research cut Installed Building Products from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. SunTrust Banks, Inc. restated a “buy” rating and set a $65.00 price objective on shares of Installed Building Products in a research note on Friday, November 3rd. KeyCorp restated a “hold” rating on shares of Installed Building Products in a research note on Wednesday, November 1st. Finally, Credit Suisse Group set a $73.00 target price on Installed Building Products and gave the stock an “outperform” rating in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $67.17.
Installed Building Products (NYSE:IBP) traded up $1.15 during midday trading on Thursday, hitting $68.80. The stock had a trading volume of 187,917 shares, compared to its average volume of 150,908. The company has a market cap of $2,190.00, a PE ratio of 51.37 and a beta of 0.84. Installed Building Products has a 12 month low of $39.80 and a 12 month high of $70.25. The company has a quick ratio of 1.93, a current ratio of 2.22 and a debt-to-equity ratio of 1.70.
Installed Building Products (NYSE:IBP) last released 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). The business had revenue of $295.20 million for the quarter, compared to the consensus estimate of $292.51 million. Installed Building Products had a return on equity of 23.40% and a net margin of 3.88%. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. equities research analysts forecast that Installed Building Products will post 1.46 earnings per share for the current fiscal year.
In related news, COO Jay P. Elliott sold 2,500 shares of Installed Building Products stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $64.61, for a total value of $161,525.00. Following the completion of the sale, the chief operating officer now owns 51,312 shares of the company’s stock, valued at approximately $3,315,268.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael Thomas Miller sold 7,430 shares of Installed Building Products stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $60.00, for a total value of $445,800.00. Following the completion of the sale, the chief financial officer now directly owns 32,086 shares of the company’s stock, valued at approximately $1,925,160. The disclosure for this sale can be found here. In the last three months, insiders sold 163,781 shares of company stock valued at $10,088,754. 32.90% of the stock is currently owned by insiders.
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About Installed Building Products
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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