Tuesday, December 12, 2017 10:15 PM ET
Insider Selling at Installed Building Products (IBP) Continues with Significant Sale
An insider — J Michael Nixon, Director — disposed of 50,000 shares of Installed Building Products having a market value of approximately $3,678,346 today, as disclosed in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 6,373 company shares and the sale of 350,452 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 394,079 shares and have averaged 67,804 shares per transaction over this time period.
The level of buy/sell trading at Installed Building Products is is above the 2 peer company average over the last 90-day period. The Building Contractors peer group saw 9 buy/sell trades during this period for an average of 4.5 transactions per company. The number of shares per buy/sell trade for Installed Building Products insiders was also higher. Within the peer group there were 6,373 shares purchased and 350,452 shares sold with company insiders selling 38,231 shares on average.
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 obtained to evaluate and write this story.
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