Trade Report: Today, Installed Building Products Inc. Forecasted to Earn FY2016 Earnings of $1.30 Per Share (IBP)

Today, Installed Building Products Inc. Forecasted to Earn FY2016 Earnings of $1.30 Per Share (IBP)

Installed Building Products Inc. (NYSE:IBP) – Seaport Global Securities issued their FY2016 earnings per share (EPS) estimates for shares of Installed Building Products in a note issued to investors on Tuesday. Seaport Global Securities analyst M. Mccall expects that the firm will post earnings per share of $1.30 for the year. Seaport Global Securities currently has a “Buy” rating and a $52.00 target price on the stock. Seaport Global Securities also issued estimates for Installed Building Products’ Q4 2016 earnings at $0.36 EPS, Q1 2017 earnings at $0.29 EPS, Q2 2017 earnings at $0.48 EPS, Q3 2017 earnings at $0.58 EPS, Q4 2017 earnings at $0.50 EPS, FY2017 earnings at $1.85 EPS and FY2018 earnings at $2.50 EPS.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Installed Building Products from a “sell” rating to a “hold” rating in a research note on Thursday, August 18th. Deutsche Bank AG lifted their target price on shares of Installed Building Products from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Royal Bank Of Canada lifted their target price on shares of Installed Building Products from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 16th. Finally, RBC Capital Markets lifted their price target on shares of Installed Building Products from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.50.

Shares of Installed Building Products (NYSE:IBP) opened at 42.25 on Thursday. The company has a 50-day moving average of $35.94 and a 200 day moving average of $34.77. The firm has a market capitalization of $1.32 billion, a P/E ratio of 36.11 and a beta of 0.61. Installed Building Products has a 52 week low of $17.60 and a 52 week high of $42.25.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, November 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.07. Installed Building Products had a net margin of 4.47% and a return on equity of 29.06%. The firm earned $225.40 million during the quarter, compared to analyst estimates of $234 million. During the same quarter last year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 24.1% on a year-over-year basis.

A number of large investors have recently bought and sold shares of IBP. Mason Street Advisors LLC bought a new stake in Installed Building Products during the second quarter valued at $118,000. SG Americas Securities LLC acquired a new stake in Installed Building Products during the third quarter valued at approximately $119,000. Municipal Employees Retirement System of Michigan increased its stake in Installed Building Products by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,680 shares of the company’s stock valued at $132,000 after buying an additional 60 shares during the last quarter. Creative Planning increased its stake in Installed Building Products by 2,432.6% in the second quarter. Creative Planning now owns 4,432 shares of the company’s stock valued at $161,000 after buying an additional 4,257 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Installed Building Products by 102.0% in the second quarter. BNP Paribas Arbitrage SA now owns 5,398 shares of the company’s stock valued at $196,000 after buying an additional 2,726 shares during the last quarter. 64.45% of the stock is owned by hedge funds and other institutional investors.

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