November 29, 2016 - By Clifton Ray
The director of Installed Building Products Inc, Michael Nixon has made a surprising transaction in the Ohio-based company that is with a grand total value of $2,100,325 USD. As disclosed in the SEC public form filed on 28/11/2016, Michael unloaded 50,000 shares at an average price-per-share of $42.0. The likelihood that this trade stays ignored is super low due to the big amount of cash involved. Right now, Michael Nixon owns 1.77 million shares which are roughly 5.76% of the Company’s market cap.
Out of 8 analysts covering Installed Building Products (NYSE:IBP), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $52 is the highest target while $26 is the lowest. The $39.60 average target is -4.58% below today’s ($41.5) stock price. Installed Building Products has been the topic of 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Zelman on Tuesday, April 5. The rating was upgraded by SunTrust to “Buy” on Thursday, March 17. The firm has “Outperform” rating given on Wednesday, November 16 by RBC Capital Markets. Wood maintained Installed Building Products Inc (NYSE:IBP) on Thursday, September 17 with “Overweight” rating. The rating was maintained by Deutsche Bank with “Buy” on Friday, August 12. Seaport Global Securities initiated the shares of IBP in a report on Tuesday, November 22 with “Buy” rating. The stock of Installed Building Products Inc (NYSE:IBP) has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets. UBS maintained it with “Buy” rating and $33 target price in Friday, August 14 report. The firm has “Sector Perform” rating by KeyBanc Capital Markets given on Wednesday, January 27. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, October 29.
Insitutional Activity: The institutional sentiment decreased to 1.43 in 2016 Q2. Its down 0.28, from 1.71 in 2016Q1. The ratio turned negative, as 11 funds sold all Installed Building Products Inc shares owned while 34 reduced positions. 32 funds bought stakes while 45 increased positions. They now own 19.30 million shares or 1.04% more from 19.10 million shares in 2016Q1.
Texas Permanent School Fund last reported 12,698 shares in the company. Deutsche Natl Bank Ag last reported 0% of its portfolio in the stock. State Teachers Retirement Systems holds 6,793 shares or 0% of its portfolio. Us State Bank De last reported 0% of its portfolio in the stock. Da Davidson And last reported 1,779 shares in the company. Timpani Cap Limited Liability Company holds 33,537 shares or 0.52% of its portfolio. The New York-based Tower Research Capital Ltd (Trc) has invested 0% in Installed Building Products Inc (NYSE:IBP). Ubs Asset Mgmt Americas has invested 0% of its portfolio in Installed Building Products Inc (NYSE:IBP). Usa Portformulas Corp, a Michigan-based fund reported 19,637 shares. Invesco Ltd reported 488,857 shares or 0.01% of all its holdings. Cortina Asset Mngmt Limited Liability Corp accumulated 99,837 shares or 0.16% of the stock. Teacher Retirement Systems Of Texas holds 2,628 shares or 0% of its portfolio. Parametric Port Assocs Lc accumulated 17,164 shares or 0% of the stock. Tfs Ltd Liability accumulated 7,093 shares or 0.05% of the stock. Kornitzer Mgmt Ks last reported 0.02% of its portfolio in the stock.
The stock decreased 1.78% or $0.75 during the last trading session, hitting $41.5. About 199,390 shares traded hands or 3.34% up from the average. Installed Building Products Inc (NYSE:IBP) has risen 50.04% since April 26, 2016 and is uptrending. It has outperformed by 44.78% the S&P500.
Installed Building Products, Inc. is a holding company. The company has a market cap of $1.32 billion. The Firm is a residential insulation installer in the United States. It has a 35.5 P/E ratio. The Company’s national platform consists of over 100 locations accessing clients in approximately 50 continental states and the District of Columbia.
According to Zacks Investment Research, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio.”
Analysts await Installed Building Products Inc (NYSE:IBP) to report earnings on March, 1. They expect $0.41 earnings per share, up 46.43% or $0.13 from last year’s $0.28 per share. IBP’s profit will be $13.04M for 25.30 P/E if the $0.41 EPS becomes a reality. After $0.37 actual earnings per share reported by Installed Building Products Inc for the previous quarter, Wall Street now forecasts 10.81% EPS growth.
Another recent and important Installed Building Products Inc (NYSE:IBP) news was published by Businesswire.com which published an article titled: “Installed Building Products Announces the Acquisition of 3R Products ..” on November 14, 2016.
Toll Brothers, Inc., incorporated on May 28, 1986, designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The Firm caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States (Traditional Home Building Product). The Firm operates in two divisions: traditional home building and urban infill. Within traditional home building, it operates in approximately five geographic divisions around the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas, and the West, consisting of Arizona, Colorado, Nevada and Washington, and California. It also manufactures and sells homes in urban infill markets through Toll Brothers City Living (City Living). The Firm also operates in Boise, Idaho market.
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By Clifton Ray