Installed Building Products Inc (NYSE: IBP) is 24.18% higher on its value in year-to-date trading and has touched a low of $144.17 and a high of $281.04 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IBP stock was last observed hovering at around $225.41 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $225.53, the stock is 4.60% and -2.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 0.05% at the moment leaves the stock -0.99% off its SMA200. IBP registered 55.65% gain for a year compared to 6-month gain of 7.61%. The firm has a 50-day simple moving average (SMA 50) of $230.6768 and a 200-day simple moving average (SMA200) of $227.83575.
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The stock witnessed a 4.68% loss in the last 1 month and extending the period to 3 months gives it a 2.47%, and is 8.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.22% over the week and 3.92% over the month.
Installed Building Products Inc (IBP) has around 10600 employees, a market worth around $6.35B and $2.91B in sales. Current P/E ratio is 25.06 and Fwd P/E is 19.52. Profit margin for the company is 8.74%. Distance from 52-week low is 56.43% and -19.75% from its 52-week high. The company has generated returns on investments over the last 12 months (15.74%).
The EPS is expected to grow by 7.71% this year
546.0 institutions hold shares in Installed Building Products Inc (IBP), with institutional investors hold 114.33% of the company’s shares. The shares outstanding are 28.37M, and float is at 23.57M with Short Float at 4.85%. Institutions hold 95.23% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.14 million shares valued at $851.63 million. The investor’s holdings represent 14.6977 of the IBP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.63 million shares valued at $540.89 million to account for 9.3348 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.15 million shares representing 4.0883 and valued at over $236.89 million, while FIL LTD holds 3.9497 of the shares totaling 1.11 million with a market value of $228.86 million.
Installed Building Products Inc (IBP) Insider Activity
The most recent transaction is an insider sale by Jackson Janet E., the company’s Director. SEC filings show that Jackson Janet E. sold 2,122 shares of the company’s common stock on May 20 ’24 at a price of $211.65 per share for a total of $0.45 million. Following the sale, the insider now owns 7046.0 shares.
Installed Building Products Inc disclosed in a document filed with the SEC on May 13 ’24 that Niswonger Jason R (Chief Admin & Sustainability) sold a total of 6,000 shares of the company’s common stock. The trade occurred on May 13 ’24 and was made at $229.84 per share for $1.38 million. Following the transaction, the insider now directly holds 13159.0 shares of the IBP stock.
Still, SEC filings show that on Mar 11 ’24, FRY TODD R (Chief Accounting Officer) disposed off 500 shares at an average price of $233.50 for $0.12 million. The insider now directly holds 7,176 shares of Installed Building Products Inc (IBP).
