Installed Building Products Inc (NYSE:IBP) COO Jay P. Elliott Sells 20,000 Shares – Riverton Roll

Installed Building Products Inc (NYSE:IBP) COO Jay P. Elliott sold 20,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.83, for a total transaction of $1,416,600.00. Following the sale, the chief operating officer now directly owns 23,529 shares in the company, valued at approximately $1,666,559.07. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of IBP stock opened at $71.98 on Tuesday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 2.39 and a current ratio of 2.69. The company has a market capitalization of $2.16 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The companys 50 day moving average price is $66.62 and its two-hundred day moving average price is $58.28. Installed Building Products Inc has a 52 week low of $30.54 and a 52 week high of $76.60.

Installed Building Products (NYSE:IBP) last announced its earnings results on Friday, November 1st. The construction company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.86 by $0.13. Installed Building Products had a net margin of 4.47% and a return on equity of 45.94%. The firm had revenue of $396.40 million for the quarter, compared to the consensus estimate of $385.46 million. During the same period last year, the company posted $0.72 EPS. The businesss quarterly revenue was up 13.6% on a year-over-year basis. Analysts forecast that Installed Building Products Inc will post 3.07 earnings per share for the current year.

Several brokerages have recently issued reports on IBP. ValuEngine raised shares of Installed Building Products from a sell rating to a hold rating in a research note on Thursday, October 17th. Deutsche Bank began coverage on shares of Installed Building Products in a research note on Wednesday, November 20th. They issued a buy rating and a $82.00 target price on the stock. Stephens raised their target price on shares of Installed Building Products from $61.00 to $71.00 and gave the company an equal weight rating in a research note on Tuesday, November 5th. Nomura raised their target price on shares of Installed Building Products from $61.00 to $65.00 and gave the company a neutral rating in a research note on Monday, November 4th. Finally, SunTrust Banks raised their target price on shares of Installed Building Products to $71.00 and gave the company a hold rating in a research note on Monday, November 4th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the companys stock. The stock currently has an average rating of Hold and a consensus target price of $61.18.

Several hedge funds have recently made changes to their positions in IBP. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Installed Building Products in the third quarter worth $42,000. Tower Research Capital LLC TRC lifted its position in shares of Installed Building Products by 527.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,588 shares of the construction companys stock worth $94,000 after purchasing an additional 1,335 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Installed Building Products in the third quarter worth $121,000. Bank of Montreal Can lifted its position in shares of Installed Building Products by 178.7% in the second quarter. Bank of Montreal Can now owns 2,954 shares of the construction companys stock worth $175,000 after purchasing an additional 1,894 shares in the last quarter. Finally, Nkcfo LLC bought a new stake in shares of Installed Building Products in the third quarter worth $195,000. 69.47% of the stock is currently owned by institutional investors and hedge funds.

About Installed Building Products

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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Installed Building Products Inc (NYSE:IBP) COO Jay P. Elliott Sells 20,000 Shares - Riverton Roll