What Did This CEO Just Do with Personal Shares of Installed Building Products (NYSE: IBP)?

By Carrie Williams

Yesterday, the Pres., CEO & COB of Installed Building Products (NYSE: IBP), Jeffrey W. Edwards, sold shares of IBP for $14.85M.

Following Jeffrey W. Edwards’ last IBP Sell transaction on June 16, 2017, the stock climbed by 20.8%. In addition to Jeffrey W. Edwards, one other IBP executive reported Sell trades in the last month.

Based on Installed Building Products’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $295 million and quarterly net profit of $12.01 million. In comparison, last year the company earned revenue of $225 million and had a net profit of $11.55 million. The company has a one-year high of $79.40 and a one-year low of $39.95. IBP’s market cap is $2.37B and the company has a P/E ratio of 56.68.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $73, reflecting a 1.7% upside.

In the last 30 days, insiders have sold $14.85M worth of IBP shares and purchased $382.2K worth of IBP shares. The insider sentiment on Installed Building Products has been positive according to 42 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Installed Building Products, Inc. operates as a insulation installer for the residential new construction market and installer of complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. The company was founded in 1977 and is headquartered in Columbus, OH.