Thursday, January 18, 2018 10:15 PM ET
Insider at Installed Building Products (IBP) Makes Significant Sale of Stock
One insider — J Michael Nixon, Director — today, disposed of 20,000 shares of Installed Building Products having a market value of approximately $1,490,000, as indicated in a form 4 document filed with the SEC. There have been 3 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 250,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 263,627 shares and have averaged 69,093 shares per transaction over this time period.
The number of insider buy/sell trades at Installed Building Products is higher than that of the 2 peer company average over the last 90-day period. The Building Contractors peer group saw 3 buy/sell trades during this period for an average of 1.5 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 6,373 shares purchased and 250,000 shares sold with company insiders having sold 81,209 shares on average over this time period.
The data obtained in evaluating and writing in this story eliminates 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.
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