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Wednesday, September 27, 2023

There’s No Getting Around Installed Building Products Inc. (NYSE: IBP) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Installed Building Products Inc. (IBP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.17, or -0.80%, to $145.13. The Installed Building Products Inc. has recorded 5,981 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Installed Building Products Publishes 2023 Environmental, Social and Governance Report.

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Stocks Info

IBP belongs to the Consumer Cyclical sector of the NYSE while operating in the Residential Construction industry. At the end of the last regular session, the stock closed at $146.30 and fluctuated between $148.11 as its day high and $144.82 as its day low. The current market capitalization of Installed Building Products Inc. is $4.11B. A total of 0.16 million shares were traded on the day, compared to an average of 219.94K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, IBP has seen 0 BUY and 7 SELL insider trades, representing the acquisition of 0 and the disposition of 120,000 shares. Over the last 12 months, there were 15 BUYs and 36 SELLs from insiders. Insiders purchased 75,175 shares during that period but sold 341,921.

In the most recent transaction, FRY TODD R sold 500 shares of IBP for 155.28 per share on Aug 09. After the transaction, the Chief Accounting Officer now owns 5,443 company shares. In a previous transaction on Jun 09, Edwards Jeffrey W. sold 70,000 shares at 117.26 per share. IBP shares that President, CEO and Chairman owns now total 2,677,819.

Among the insiders who sold shares, Edwards Jeffrey W. disposed of 50,000 shares on Jun 08 at a per-share price of $119.61. This resulted in the President, CEO and Chairman holding 2,747,819 shares of IBP after the transaction. In another insider transaction, Jackson Janet E. sold 697 shares at $115.26 per share on May 12. Company shares held by the Director now total 8,413.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Installed Building Products Inc. pays an annual dividend of $1.32, resulting in a dividend yield of 0.90%, and it has a price to earnings (P/E) ratio of 17.27. IBP’s most recent ex-dividend date was 9/14/2023 when it declared a $0.33 quarterly dividend that was paid in cash on 9/30/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 6/14/2023. The IBP stock dividend was $0.33 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for IBP in the last 3 months, the mean price target is $164.90 with high estimates of $190.00 and low estimates of $152.00. In terms of 52-week highs and lows, IBP has a high of $158.18 and a low of $74.08.

As of this writing, IBP has an earnings estimate of $2.38 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $2.75 per share and a lower estimate of $2.01. The company reported an EPS of $2.15 in the last quarter, which was 3.40% higher than expectations of $2.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. IBP’s latest balance sheet shows that the firm has $333.49M in Cash & Short Term Investments as of fiscal 2021. There were $937.38M in debt and $307.57M in liabilities at the time. Its Book Value Per Share was $19.90, while its Total Shareholder’s Equity was $416.84M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IBP is Buy with a score of 3.55.

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