Media headlines about Installed Building Products (NYSE:IBP) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Installed Building Products earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 47.3540908605039 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Installed Building Products (NYSE:IBP) opened at $61.85 on Friday. Installed Building Products has a one year low of $46.65 and a one year high of $79.40. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.92 and a current ratio of 2.22. The company has a market cap of $2,040.00, a price-to-earnings ratio of 51.97, a P/E/G ratio of 0.93 and a beta of 0.91.
Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.20). Installed Building Products had a return on equity of 19.75% and a net margin of 3.63%. The company had revenue of $299.87 million for the quarter, compared to analyst estimates of $302.02 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. Installed Building Products’s revenue was up 28.2% compared to the same quarter last year. analysts predict that Installed Building Products will post 2.23 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on IBP. Zelman & Associates lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Credit Suisse Group restated an “outperform” rating and issued a $85.00 price objective (up from $73.00) on shares of Installed Building Products in a report on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Installed Building Products from a “hold” rating to a “strong-buy” rating and set a $83.00 price objective on the stock in a report on Thursday, February 1st. Jefferies Group began coverage on shares of Installed Building Products in a report on Tuesday, December 12th. They issued a “hold” rating and a $69.00 price objective on the stock. Finally, ValuEngine upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Installed Building Products currently has a consensus rating of “Buy” and an average target price of $70.88.
In other Installed Building Products news, Director J Michael Nixon sold 20,000 shares of Installed Building Products stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $74.50, for a total value of $1,490,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Jay P. Elliott sold 3,000 shares of Installed Building Products stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $73.50, for a total transaction of $220,500.00. Following the completion of the transaction, the chief operating officer now owns 48,312 shares in the company, valued at $3,550,932. The disclosure for this sale can be found here. 32.90% of the stock is owned by company insiders.
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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.
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