Press coverage about Installed Building Products (NYSE:IBP) has been trending somewhat positive on Wednesday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Installed Building Products earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 44.9424085039256 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Contrasting Installed Building Products (IBP) and TopBuild Corp. (BLD) (americanbankingnews.com)
- Installed Building Products (IBP) & TopBuild Corp. (BLD) Head to Head Comparison (americanbankingnews.com)
- Contrasting TopBuild Corp. (BLD) and Installed Building Products (IBP) (americanbankingnews.com)
- Installed Building Products, Inc. (IBP) Upgraded to Buy at Zacks Investment Research (americanbankingnews.com)
- Critical Survey: Installed Building Products (IBP) versus TopBuild Corp. (BLD) (americanbankingnews.com)
Shares of Installed Building Products (NYSE IBP) traded up 0.423% during trading on Wednesday, reaching $65.275. 39,963 shares of the company were exchanged. Installed Building Products has a 1-year low of $30.75 and a 1-year high of $67.15. The firm has a market capitalization of $2.08 billion, a PE ratio of 49.828 and a beta of 0.83. The company’s 50-day moving average is $59.65 and its 200 day moving average is $54.30.
Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Friday, August 4th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.21. The business had revenue of $282.20 million during the quarter, compared to analysts’ expectations of $274.63 million. Installed Building Products had a net margin of 4.11% and a return on equity of 25.27%. The business’s quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter last year, the company posted $0.34 earnings per share. Equities research analysts expect that Installed Building Products will post $2.24 EPS for the current fiscal year.
IBP has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Royal Bank Of Canada restated a “buy” rating and issued a $61.00 price objective on shares of Installed Building Products in a report on Monday, June 19th. Credit Suisse Group initiated coverage on shares of Installed Building Products in a report on Thursday, June 22nd. They issued an “outperform” rating and a $61.00 price objective for the company. Zacks Investment Research upgraded shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Deutsche Bank AG boosted their price objective on shares of Installed Building Products from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, August 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $65.20.
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In other Installed Building Products news, insider Todd R. Fry sold 1,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $58.00, for a total value of $58,000.00. Following the completion of the transaction, the insider now owns 4,091 shares of the company’s stock, valued at $237,278. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Jay P. Elliott sold 2,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $64.61, for a total transaction of $161,525.00. Following the completion of the transaction, the chief operating officer now directly owns 51,312 shares of the company’s stock, valued at approximately $3,315,268.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,546 shares of company stock valued at $10,371,796. Corporate insiders own 32.90% of the company’s stock.
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.
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