Headlines about Installed Building Products (NYSE:IBP) have been trending somewhat negative on Saturday, Alpha One Sentiment Analysis reports. The research firm, a division of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Installed Building Products earned a media sentiment score of -0.05 on Alpha One’s scale. Alpha One also gave media headlines about the construction company an impact score of 75 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the immediate future.
Shares of Installed Building Products (NYSE:IBP) traded up 2.97% during mid-day trading on Friday, hitting $48.50. The stock had a trading volume of 225,640 shares. The stock’s 50-day moving average is $51.14 and its 200 day moving average is $44.96. Installed Building Products has a 12 month low of $30.16 and a 12 month high of $55.45. The firm has a market cap of $1.53 billion, a PE ratio of 39.14 and a beta of 0.78.
Installed Building Products (NYSE:IBP) last issued its earnings results on Friday, May 5th. The construction company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $255.70 million during the quarter, compared to the consensus estimate of $236.19 million. Installed Building Products had a net margin of 4.47% and a return on equity of 29.06%. The company’s revenue was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Equities research analysts predict that Installed Building Products will post $2.23 earnings per share for the current fiscal year.
A number of analysts have weighed in on IBP shares. Zacks Investment Research upgraded Installed Building Products from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. Royal Bank of Canada upped their target price on Installed Building Products from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. Finally, Seaport Global Securities increased their price objective on Installed Building Products from $55.00 to $61.00 and gave the company a “buy” rating in a report on Monday, May 8th.
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In related news, VP Michael Thomas Miller sold 67,000 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $43.51, for a total transaction of $2,915,170.00. Following the completion of the transaction, the vice president now owns 20,337 shares in the company, valued at $884,862.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Jay P. Elliott sold 4,765 shares of the business’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $53.00, for a total transaction of $252,545.00. Following the transaction, the chief operating officer now owns 62,409 shares of the company’s stock, valued at approximately $3,307,677. The disclosure for this sale can be found here. In the last quarter, insiders have sold 267,423 shares of company stock valued at $12,294,453. Insiders own 35.60% of the company’s stock.
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.
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