Installed Building Products Inc (NYSE:IBP) shares traded -1.53% lower at $196.00 on Wall Street last session.
IBP stock price is now -2.03% away from the 50-day moving average and -11.07% away from the 200-day moving average. The market capitalization of the company currently stands at $5.52B.
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With the price target reduced from $238 to $206, Evercore ISI Downgraded its rating from Outperform to Underperform for Installed Building Products Inc (NYSE: IBP). , while ‘RBC Capital Mkts’ rates the stock as ‘Underperform’
In other news, Jackson Janet E., Director sold 2,122 shares of the company’s stock on May 20 ’24. The stock was sold for $449,129 at an average price of $211.65. Upon completion of the transaction, the Director now directly owns 7,046 shares in the company, valued at $1.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, Chief Admin & Sustainability Niswonger Jason R sold 6,000 shares of the business’s stock. A total of $1,379,046 was realized by selling the stock at an average price of $229.84. This leaves the insider owning 13,159 shares of the company worth $2.58 million. A total of 16.29% of the company’s stock is owned by insiders.
During the past 12 months, Installed Building Products Inc has had a low of $169.02 and a high of $281.04. As of last week, the company has a debt-to-equity ratio of 1.35, a current ratio of 2.99, and a quick ratio of 2.50. The fifty day moving average price for IBP is $200.0598 and a two-hundred day moving average price translates $220.3924 for the stock.
The latest earnings results from Installed Building Products Inc (NYSE: IBP) was released for 2024-09-30. The net profit margin was 8.74% and return on equity was 37.87% for IBP. The company reported revenue of $760.6 million for the quarter, compared to $706.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.66 percent. For the current quarter, analysts expect IBP to generate $762.95M in revenue.
