A Director at Installed Building Products (NYSE: IBP) is Selling Shares

By Carrie Williams

Today, a Director at Installed Building Products (IBPResearch Report), Michael H. Thomas, sold shares of IBP for $143.1K.

Following Michael H. Thomas’ last IBP Sell transaction on March 03, 2017, the stock climbed by 5.1%.

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Based on Installed Building Products’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $342 million and quarterly net profit of $8.83 million. In comparison, last year the company earned revenue of $302 million and had a net profit of $6.39 million. IBP’s market cap is $1.64B and the company has a P/E ratio of 29.57. Currently, Installed Building Products has an average volume of 232K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $50.00, reflecting a -8.9% downside.

The insider sentiment on Installed Building Products has been negative according to 32 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Installed Building Products, Inc. engages in the business of installing insulation for the residential new construction market. Its products include garage doors, rain gutters, shower doors, closet shelving, and mirrors. The company was founded in 1977 and is headquartered in Columbus, OH.