Michael Thomas Miller Sells 27,404 Shares of Installed Building Products Inc (NYSE:IBP) Stock

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Installed Building Products Inc (NYSE:IBP) VP Michael Thomas Miller sold 27,404 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $57.55, for a total value of $1,577,100.20. Following the completion of the sale, the vice president now directly owns 35,973 shares of the company’s stock, valued at $2,070,246.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Installed Building Products stock opened at $56.27 on Friday. Installed Building Products Inc has a one year low of $29.24 and a one year high of $59.93. The stock has a fifty day moving average of $54.74. The company has a quick ratio of 1.91, a current ratio of 2.24 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.21 and a beta of 1.27.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.51 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.51. Installed Building Products had a return on equity of 41.94% and a net margin of 4.15%. The firm had revenue of $342.14 million during the quarter, compared to analyst estimates of $333.87 million. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, research analysts forecast that Installed Building Products Inc will post 2.98 earnings per share for the current year.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday. Deutsche Bank lowered Acquity Group from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Royal Bank of Canada set a $60.00 price target on Masonite International and gave the stock a “buy” rating in a report on Friday, May 3rd. Nomura reaffirmed a “neutral” rating and issued a $48.00 price target (down from $70.00) on shares of Owens Corning in a report on Thursday, May 16th. Finally, ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.07.

Institutional investors have recently bought and sold shares of the company. NumerixS Investment Technologies Inc boosted its holdings in shares of Installed Building Products by 100.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,200 shares during the period. First Quadrant L P CA bought a new stake in Installed Building Products during the first quarter valued at $94,000. Quantamental Technologies LLC boosted its stake in Installed Building Products by 40.1% during the first quarter. Quantamental Technologies LLC now owns 2,794 shares of the construction company’s stock valued at $136,000 after buying an additional 800 shares during the period. Marshall Wace North America L.P. bought a new stake in Installed Building Products during the first quarter valued at $151,000. Finally, Budros Ruhlin & Roe Inc. bought a new stake in Installed Building Products during the first quarter valued at $231,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Company Profile

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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