The COO of Installed Building Products (NYSE: IBP) is Selling Shares

By Carrie Williams

Yesterday, the COO of Installed Building Products (IBPResearch Report), Jay Elliott, sold shares of IBP for $155.8K.

In addition to Jay Elliott, 3 other IBP executives reported Sell trades in the last month.

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Based on Installed Building Products’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $353 million and quarterly net profit of $16.48 million. In comparison, last year the company earned revenue of $300 million and had a net profit of $10.79 million. IBP’s market cap is $1.33B and the company has a P/E ratio of 25.21. Currently, Installed Building Products has an average volume of 605.1K.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $44.83, reflecting a 1.1% upside.

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.