Installed Building Products (IBP) Earns News Sentiment Rating of 0.20

Media coverage about Installed Building Products (NYSE:IBP) has trended somewhat positive on Wednesday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Installed Building Products earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 47.2267218095058 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several research analysts have recently weighed in on IBP shares. Credit Suisse Group set a $73.00 target price on shares of Installed Building Products and gave the stock an “outperform” rating in a research report on Tuesday, October 17th. Zelman & Associates downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Jefferies Group started coverage on shares of Installed Building Products in a research report on Tuesday, December 12th. They issued a “hold” rating and a $69.00 target price on the stock. SunTrust Banks reissued a “buy” rating and issued a $65.00 target price on shares of Installed Building Products in a research report on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $67.43.

Installed Building Products (NYSE:IBP) opened at $76.15 on Wednesday. The firm has a market cap of $2,430.00, a P/E ratio of 58.13 and a beta of 0.87. 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 has a 1 year low of $40.00 and a 1 year high of $79.40.

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 the consensus estimate of $0.64 by ($0.07). Installed Building Products had a return on equity of 23.40% and a net margin of 3.88%. The firm had revenue of $295.20 million during the quarter, compared to analysts’ expectations of $292.51 million. During the same period last year, the business earned $0.38 earnings per share. The business’s revenue was up 31.0% on a year-over-year basis. research analysts predict that Installed Building Products will post 1.46 EPS for the current year.

In related news, CEO Jeffrey W. Edwards sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $74.25, for a total transaction of $14,850,000.00. Following the transaction, the chief executive officer now directly owns 504,800 shares of the company’s stock, valued at $37,481,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Michael Nixon sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $73.57, for a total transaction of $3,678,500.00. The disclosure for this sale can be found here. Insiders own 32.90% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Installed Building Products (NYSE:IBP)

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