Installed Building Products Inc. (NYSE:IBP) Director J Michael Nixon sold 50,000 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $42.01, for a total value of $2,100,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Installed Building Products Inc. (NYSE:IBP) opened at 41.50 on Thursday. Installed Building Products Inc. has a 52-week low of $17.60 and a 52-week high of $42.75. The firm has a 50-day moving average price of $36.26 and a 200 day moving average price of $34.98. The company has a market capitalization of $1.30 billion, a P/E ratio of 35.47 and a beta of 0.61.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, November 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.07. The firm earned $225.40 million during the quarter, compared to the consensus estimate of $234 million. Installed Building Products had a net margin of 4.47% and a return on equity of 29.06%. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, analysts predict that Installed Building Products Inc. will post $1.33 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Installed Building Products during the third quarter valued at about $16,719,000. BlackRock Fund Advisors raised its stake in shares of Installed Building Products by 36.7% in the second quarter. BlackRock Fund Advisors now owns 1,561,929 shares of the company’s stock valued at $56,682,000 after buying an additional 419,681 shares during the last quarter. Waddell & Reed Financial Inc. raised its stake in shares of Installed Building Products by 386.0% in the second quarter. Waddell & Reed Financial Inc. now owns 291,500 shares of the company’s stock valued at $10,578,000 after buying an additional 231,523 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Installed Building Products by 43.0% in the second quarter. Dimensional Fund Advisors LP now owns 580,137 shares of the company’s stock valued at $21,052,000 after buying an additional 174,495 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its stake in shares of Installed Building Products by 402.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 140,635 shares of the company’s stock valued at $5,045,000 after buying an additional 112,635 shares during the last quarter. Hedge funds and other institutional investors own 68.20% of the company’s stock.

Several research firms have recently issued reports on IBP. Zacks Investment Research raised Installed Building Products from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday. Deutsche Bank AG increased their target price on Installed Building Products from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Royal Bank Of Canada raised their price objective on Installed Building Products from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 16th. Seaport Global Securities initiated coverage on Installed Building Products in a research note on Tuesday, November 22nd. They issued a “buy” rating and a $52.00 price objective on the stock. Finally, RBC Capital Markets raised their price objective on Installed Building Products from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.17.

Installed Building Products Company Profile

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. The Company’s national platform consists of over 100 locations accessing customers in approximately 50 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 provide cross-selling opportunities to supplement the insulation installation business.

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