Media headlines about Installed Building Products (NYSE:IBP) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Installed Building Products earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 47.0968744786001 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Installed Building Products, Inc. (IBP) Given Buy Rating at SunTrust Banks, Inc. (americanbankingnews.com)
- Edited Transcript of IBP earnings conference call or presentation 3-Nov-17 1:00pm GMT (finance.yahoo.com)
- Installed Building Products, Inc. (IBP) Posts Earnings Results, Misses Estimates By $0.07 EPS (americanbankingnews.com)
- Installed Building Products Reports Record Results for Third Quarter 2017 (finance.yahoo.com)
- Installed Building Products, Inc. to Host Earnings Call (finance.yahoo.com)
Installed Building Products (IBP) traded down $4.50 during mid-day trading on Friday, hitting $64.85. The stock had a trading volume of 320,379 shares, compared to its average volume of 165,041. The company has a market capitalization of $2.07 billion, a P/E ratio of 51.65 and a beta of 0.84. Installed Building Products has a 12 month low of $33.20 and a 12 month high of $70.25. The company has a current ratio of 2.28, a quick ratio of 1.98 and a debt-to-equity ratio of 1.81.
Installed Building Products (NYSE:IBP) last released its earnings results on Friday, November 3rd. The construction company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The firm 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 25.27% and a net margin of 4.11%. The company’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. analysts predict that Installed Building Products will post 1.48 EPS for the current year.
Several brokerages have issued reports on IBP. KeyCorp reiterated a “hold” rating on shares of Installed Building Products in a research report on Wednesday. Royal Bank Of Canada reiterated a “buy” rating and issued a $69.00 price objective on shares of Installed Building Products in a research report on Monday, October 16th. Zacks Investment Research upgraded Installed Building Products from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Friday, October 6th. BidaskClub upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $65.00 price objective on shares of Installed Building Products in a research report on Friday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $67.17.
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In related news, Director J Michael Nixon sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $65.00, for a total value of $3,250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jay P. Elliott sold 2,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,459 shares of company stock valued at $10,366,576. 32.90% of the stock is currently owned by corporate insiders.
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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