Insider Sales at Installed Building Products (IBP) are Significant and Extend the Selling Trend of Last Quarter

Tuesday, September 26, 2017 10:15 PM ET

Insider Sales at Installed Building Products (IBP) are Significant and Extend the Selling Trend of Last Quarter

Two insiders — J Michael Nixon, Director, and Michael Thomas Miller, Director and Officer — disposed of 36,840 shares of Installed Building Products having a market value of approximately $2,210,400, today, as reported 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 disposition of 57,906 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 94,746 shares and have averaged 13,535 shares per transaction over this time period.

The number of insider buy/sell trades at Installed Building Products is greater than that of the 17 peer company average over the last 90-day period. 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 217,271 shares sold with company insiders purchasing 38,853 shares on average over this time period.

In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data used to create and write this story.

Today’s Insider Activity
* J Michael Nixon, Director, sold 25,496 shares
* Michael Thomas Miller, Director and Officer, sold 11,344 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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