$0.43 EPS Expected for Installed Building Products, Inc. (IBP)
February 25, 2018 – By Maria Brooks
Investors sentiment decreased to 1.49 in Q3 2017. Its down 0.13, from 1.62 in 2017Q2. It dropped, as 8 investors sold Installed Building Products, Inc. shares while 45 reduced holdings. 23 funds opened positions while 56 raised stakes. 20.52 million shares or 0.36% less from 20.59 million shares in 2017Q2 were reported.
Los Angeles Mgmt & Equity reported 0% of its portfolio in Installed Building Products, Inc. (NYSE:IBP). Bridgeway Mgmt Inc, a Texas-based fund reported 11,100 shares. 9,902 are held by Voya Invest Mgmt Llc. Guggenheim Ltd Limited Liability Company, Illinois-based fund reported 75,969 shares. Hap Trading Ltd Limited Liability Company stated it has 10,827 shares or 0.03% of all its holdings. Tower Cap Limited Liability Co (Trc) reported 2,989 shares. Oppenheimer Inc owns 5,000 shares. State Of Tennessee Treasury Department holds 0.01% in Installed Building Products, Inc. (NYSE:IBP) or 17,477 shares. Barclays Public Ltd Com has invested 0% in Installed Building Products, Inc. (NYSE:IBP). Laurion Cap L P stated it has 0% of its portfolio in Installed Building Products, Inc. (NYSE:IBP). Westfield Mngmt Limited Partnership holds 921,915 shares or 0.46% of its portfolio. Washington-based Fisher Asset Mngmt Ltd Llc has invested 0.01% in Installed Building Products, Inc. (NYSE:IBP). Waterfront Capital Prtn Ltd Co, a New York-based fund reported 72,589 shares. Morgan Stanley, New York-based fund reported 90,905 shares. Parametric Lc reported 0% stake.
Since September 19, 2017, it had 0 insider purchases, and 10 selling transactions for $14.68 million activity. The insider Miller Michael Thomas sold 36,908 shares worth $2.21 million. Another trade for 3,000 shares valued at $220,500 was sold by Elliott Jay P..
Analysts expect Installed Building Products, Inc. (NYSE:IBP) to report $0.43 EPS on February, 26.They anticipate $0.08 EPS change or 22.86 % from last quarter’s $0.35 EPS. IBP’s profit would be $13.70 million giving it 38.69 P/E if the $0.43 EPS is correct. After having $0.38 EPS previously, Installed Building Products, Inc.’s analysts see 13.16 % EPS growth. The stock increased 1.29% or $0.85 during the last trading session, reaching $66.55. About 228,777 shares traded or 13.19% up from the average. Installed Building Products, Inc. (NYSE:IBP) has risen 54.12% since February 25, 2017 and is uptrending. It has outperformed by 37.42% the S&P500.
Installed Building Products, Inc. (NYSE:IBP) Ratings Coverage
Among 11 analysts covering Installed Building Products (NYSE:IBP), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Installed Building Products has $86.0 highest and $26 lowest target. $62.22’s average target is -6.51% below currents $66.55 stock price. Installed Building Products had 29 analyst reports since July 30, 2015 according to SRatingsIntel. Zelman upgraded the shares of IBP in report on Friday, February 16 to “Buy” rating. The company was maintained on Monday, July 24 by RBC Capital Markets. The firm has “Outperform” rating given on Monday, May 8 by RBC Capital Markets. KeyBanc Capital Markets maintained the shares of IBP in report on Tuesday, August 22 with “Hold” rating. The firm earned “Buy” rating on Monday, January 22 by Credit Suisse. The rating was maintained by KeyBanc Capital Markets on Tuesday, October 31 with “Hold”. The firm has “Sector Perform” rating by KeyBanc Capital Markets given on Wednesday, January 27. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 7 report. The stock of Installed Building Products, Inc. (NYSE:IBP) has “Overweight” rating given on Thursday, September 17 by Wood. RBC Capital Markets maintained it with “Buy” rating and $69.0 target in Monday, September 11 report.
Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products in the continental United States. The company has market cap of $2.12 billion. It offers a range of insulation materials, such as fiberglass insulation, spray foam insulation, and cellulose insulation materials. It has a 50.69 P/E ratio. The firm is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical.
More notable recent Installed Building Products, Inc. (NYSE:IBP) news were published by: Bizjournals.com which released: “Installed Building Products finishes strong year with two acquisitions” on January 02, 2018, also Bizjournals.com with their article: “Installed Building Products CEO sells $14.9M in stock” published on December 14, 2017, Businesswire.com published: “Installed Building Products Announces the Acquisition of Rocket Insulation …” on January 16, 2018. More interesting news about Installed Building Products, Inc. (NYSE:IBP) were released by: Businesswire.com and their article: “Installed Building Products Announces the Acquisition of Red Rock Insulation” published on September 01, 2017 as well as Businesswire.com‘s news article titled: “Installed Building Products to Report Fourth Quarter and Full Year 2017 …” with publication date: February 21, 2018.
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