Economy

Installed Building Products (IBP) Receives Media Sentiment Score of 0.13

With an institutional ownership near 71.1%, it carries an earnings per share ratio of 1.3. Russell Investments Group Ltd. owned approximately 0.06% of Continental Building Products worth $549,000 at the end of the most recent quarter. Campbell Newman Asset Management Inc. lifted its stake in shares of Installed Building Products by 4.8% during the 2nd quarter. As of the end of the quarter Gratia Capital, LLC had bought 517,548 shares growing its holdings by 295.9%. Rockshelter Capital Management LLC owns 582,922 shares valued at $13,582,000. Highbridge Capital Management LLC grew its holdings in Continental Building Products by 95.3% in the 1st quarter. Finally, Corsair Capital Management L.P. raised its position in Installed Building Products by 36.8% in the third quarter. Paloma Partners Management Co grew its holdings in shares of Continental Building Products by 61.8% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 6,367 shares of the construction company's stock valued at $337,000 after buying an additional 292 shares in the last quarter.

TRADEMARK VIOLATION WARNING: This report was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes.

COPYRIGHT VIOLATION NOTICE: "Russell Investments Group Ltd". The correct version of this article can be viewed at https://weekherald.com/2017/09/17/northcoast-asset-management-llc-has-2-78-million-stake-in-installed-building-products-inc-ibp.html. The shares were sold at an average price of $58.00, for a total transaction of $58,000.00. Spruce House Management Ltd Limited Liability Company holds 2.08 million shares or 8.64% of its portfolio. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares last traded at $24.55 which is marginally higher than the 50 day moving average which is $22.85 and just a bit higher than the 200 day moving average of $23.83. The shares were sold on August 15th for an average price of $60.00. The disclosure for this sale can be found here. Also, insider Todd R. Fry sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, August 11th.

Shares of Installed Building Products, Inc. (IBP) opened at 58.60 on Tuesday. Currently, the 200-day MA is sitting at 23.67, and the 50-day is 22.73. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 45.01 and a beta of 0.80.

Installed Building Products Inc (IBP)'s Williams Percent Range or 14 day Williams %R now sits at -12.28.

Zacks Investment Research raised Continental Building Products from a "hold" rating to a "buy" rating and set a $26.00 price target for the company in a research note on Monday, July 3rd. As of the latest earnings report the EPS was $1.09 and is expected to be $1.30 for the current year with 38,420,000 shares presently outstanding. Moreover, Adams Diversified Equity Fund has 0.06% invested in Continental Building Products Inc (NYSE:CBPX) for 44,500 shares. The business had revenue of $282.20 million for the quarter, compared to analyst estimates of $274.63 million. During the same period in the prior year, the firm posted $0.34 EPS. The stock of Continental Building Products Inc (NYSE:CBPX) earned "Buy" rating by Sterne Agee CRT on Monday, November 16.

Analysts await Continental Building Products Inc (NYSE:CBPX) to report earnings on November, 6.

Several research analysts have recently issued reports on CBPX shares. BidaskClub upgraded Continental Building Products from a "sell" rating to a "hold" rating in a report on Saturday, September 2nd. Guggenheim Capital Ltd Limited Liability Company reported 0.01% of its portfolio in Installed Building Products Inc (NYSE:IBP). The stock tapped a 52-week high of US$60 while the mean 12-month price target for the shares is US$66. Deutsche Bank maintained Continental Building Products Inc (NYSE:CBPX) rating on Monday, May 16. Zacks Investment Research cut Continental Building Products from a "buy" rating to a "hold" rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Credit Suisse maintained Continental Building Products Inc (NYSE:CBPX) rating on Tuesday, February 23.

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The company provides primarily spray foam and fiberglass insulation installation services for single-family residential and multi-family customers. As of December 31, 2016, the Business's national platform included over 100 locations accessing customers in 48 continental states and the District of Columbia. It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product created to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

IBP has been the topic of a number of other research reports.



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