Installed Building Products (IBP) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.37 million) and the uptick to downtick ratio was 0.25. The transaction value on upticks was $1.13 million and on downticks, the transaction value was $4.5 million. The transaction value of block trades during downticks was $3.45 million. The money flow was negative ($3.45 million), indicating the traders were booking profit on the price strength. Installed Building Products (IBP) rose $0.21 at $33.11, during intraday Tuesday , a rise of 0.64% over the previous days close.
Also, Brokerage firm Deutsche Bank maintains its rating on Installed Building Products (NYSE:IBP). As per the latest information, the brokerage house raises the price target to $35 per share from a prior target of $34. The shares have been rated Buy. The rating by the firm was issued on August 12, 2016.
Shares of Installed Building Products, Inc. appreciated by 3.34% during the last five trading days but lost 6.73% on a 4-week basis. Installed Building Products, Inc. has dropped 3.27% during the last 3-month period . Year-to-Date the stock performance stands at 33.35%.
Installed Building Products (NYSE:IBP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.92 and $32.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.11, notching a gain of 0.64% for the day. The total traded volume was 271,553 . The stock had closed at $32.90 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Installed Building Products, Inc., Hilsheimer Lawrence A., had purchased 4,300 shares in a transaction dated on March 14, 2016. The transaction was executed at $23.27 per share with total amount equaling $100,061.
Installed Building Products, Inc. is a residential insulation installer in the United States. The Companys national platform consists of over 100 locations accessing customers in all 48 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provides cross-selling opportunities to supplement the insulation installation business. The Company manages various aspects of the installation process for the customers, from the direct purchase and receipt of materials from national manufacturers, to supply of materials to job sites and quality installation. The Companys customers include production and custom homebuilders, multi-family and commercial contractors, and homeowners.