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Installed Building Products, Inc. (IBP) Reaches $69.85 After 4.00% Up Move; Baker Hughes Has 0.01 Sentiment

The stock of Installed Building Products, Inc. (NYSE:IBP) is a huge mover today! The stock increased 9.14% or $5.85 during the last trading session, reaching $69.85. About 365,952 shares traded or 88.02% up from the average. Installed Building Products, Inc. (NYSE:IBP) has risen 54.12% since February 18, 2017 and is uptrending. It has outperformed by 37.42% the S&P500.The move comes after 8 months positive chart setup for the $2.23 billion company. It was reported on Feb, 18 by Barchart.com. We have $72.64 PT which if reached, will make NYSE:IBP worth $89.04 million more.

The stock decreased 100.00% or $54.51 during the last trading session, reaching $0. It is down 28.69% since February 18, 2017 and is uptrending. It has outperformed by 11.99% the S&P500.

Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products in the continental United States. The company has market cap of $2.23 billion. It offers a range of insulation materials, such as fiberglass insulation, spray foam insulation, and cellulose insulation materials. It has a 53.2 P/E ratio. The firm is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical.

Investors sentiment decreased to 1.49 in 2017 Q3. Its down 0.13, from 1.62 in 2017Q2. It is negative, as 8 investors sold Installed Building Products, Inc. shares while 45 reduced holdings. 23 funds opened positions while 56 raised stakes. 20.52 million shares or 0.36% less from 20.59 million shares in 2017Q2 were reported. 19,160 were reported by Sawgrass Asset Mgmt Limited Liability Com. Ny State Teachers Retirement System owns 11,293 shares or 0% of their US portfolio. Moreover, Budros Ruhlin & Roe has 0.09% invested in Installed Building Products, Inc. (NYSE:IBP). Ameriprise reported 133,538 shares. Emerald Advisers Incorporated Pa owns 698,476 shares for 1.84% of their portfolio. Icon Advisers reported 15,700 shares stake. Alps, Colorado-based fund reported 8,083 shares. Oppenheimer Asset Incorporated stated it has 0% of its portfolio in Installed Building Products, Inc. (NYSE:IBP). Pier Cap Lc owns 96,939 shares. Metropolitan Life Ins, a New York-based fund reported 13,936 shares. Teachers Retirement Of The State Of Kentucky holds 0% or 6,200 shares in its portfolio. 11 are owned by Parkside National Bank & Trust & Tru. The Washington-based Fisher Asset Mgmt Llc has invested 0.01% in Installed Building Products, Inc. (NYSE:IBP). Moreover, Arizona State Retirement System has 0.01% invested in Installed Building Products, Inc. (NYSE:IBP) for 10,900 shares. Globeflex Cap Lp, California-based fund reported 13,011 shares.

Since August 15, 2017, it had 0 insider purchases, and 10 sales for $14.68 million activity. NIXON J MICHAEL sold $623,040 worth of stock. Elliott Jay P. also sold $161,521 worth of Installed Building Products, Inc. (NYSE:IBP) on Monday, October 2. Miller Michael Thomas had sold 36,908 shares worth $2.21 million on Tuesday, September 19.

Analysts await Installed Building Products, Inc. (NYSE:IBP) to report earnings on February, 26. They expect $0.43 earnings per share, up 22.86% or $0.08 from last year’s $0.35 per share. IBP’s profit will be $13.70 million for 40.61 P/E if the $0.43 EPS becomes a reality. After $0.38 actual earnings per share reported by Installed Building Products, Inc. for the previous quarter, Wall Street now forecasts 13.16% EPS growth.

Among 11 analysts covering Installed Building Products (NYSE:IBP), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Installed Building Products had 29 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Friday, August 12. As per Monday, June 19, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, October 17 by Credit Suisse. As per Tuesday, January 2, the company rating was maintained by Seaport Global. The stock has “Buy” rating by Deutsche Bank on Monday, August 21. RBC Capital Markets maintained Installed Building Products, Inc. (NYSE:IBP) on Thursday, July 30 with “Outperform” rating. The rating was maintained by Credit Suisse with “Buy” on Monday, January 22. The stock of Installed Building Products, Inc. (NYSE:IBP) earned “Buy” rating by RBC Capital Markets on Monday, July 24. RBC Capital Markets maintained Installed Building Products, Inc. (NYSE:IBP) rating on Monday, September 11. RBC Capital Markets has “Buy” rating and $69.0 target. SunTrust maintained the shares of IBP in report on Friday, November 3 with “Buy” rating.

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