Significant Insider Sales in Shares of Installed Building Products (IBP) Extends the Selling Trend of Last Quarter

Thursday, September 21, 2017 10:15 PM ET

Significant Insider Sales in Shares of Installed Building Products (IBP) Extends the Selling Trend of Last Quarter

Two insiders — J Michael Nixon, Director, and Michael Thomas Miller, Director and Officer — today, sold 50,728 shares of Installed Building Products having a market value of approximately $3,043,889, as disclosed in form 4 documents filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 7,178 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 57,906 shares and have averaged 8,272 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Installed Building Products is higher than its 17-company peer group average. The Construction Supplies & Fixtures peer group saw 19 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Installed Building Products insiders is lower than its peers. Within the peer group there were 800,070 shares purchased and 256,634 shares sold with company insiders acquiring 31,967 shares on average over this time period.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write this story.

Today’s Insider Activity
* J Michael Nixon, Director, sold 13,820 shares
* Michael Thomas Miller, Director and Officer, sold 36,908 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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