Installed Building Products
IBP
Market cap $6.74B

238.67 USD

+4.75

2.03%

At close Oct 11, 4:00 PM EDT

1 day

2.03%

5 days

1.73%

1 month

15.90%

3 months

5.21%

6 months

-1.72%

Year to date

32.12%

1 year

93.46%

5 years

307.50%

About: Installed Building Products Inc is an insulation installer serving the residential new construction market and are also a diversified installer of complementary building products, including waterproofing, fire-stopping and fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, mirrors and other products throughout the United States. The company installs fiberglass insulation, spray foam insulation, and cellulose insulation. The company has three operating segments consisting of Installation, Manufacturing and Distribution operations. Majority of revenue is generated from Installation segment.

Employees: 10,600

Industrials General Building Contractors - Residential

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 7 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

33% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]

13% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 54

2% more funds holding

Funds holding: 378 [Q1] → 385 (+7) [Q2]

1.63% more ownership

Funds ownership: 87.79% [Q1] → 89.42% (+1.63%) [Q2]

1% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 141

19% less capital invested

Capital invested by funds: $6.44B [Q1] → $5.19B (-$1.25B) [Q2]

22% less call options, than puts

Call options by funds: $11.4M | Put options by funds: $14.6M

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$203

15%

downside

Avg. target

$252

5%

upside

High target

$295

24%

upside

7 analyst ratings

2 positive

29%

5 neutral

71%

0 negative

0%

Jefferies Philip Ng 59% 1-year accuracy 13 / 22 met price target	6%upside $252	Hold Maintained	9 Oct 2024
Stephens & Co. Trey Grooms 57% 1-year accuracy 13 / 23 met price target	1%upside $240	Equal-Weight Reiterated	5 Aug 2024
RBC Capital Mike Dahl 60% 1-year accuracy 28 / 47 met price target	15%downside $203	Sector Perform Maintained	2 Aug 2024
Goldman Sachs Susan Maklari 71% 1-year accuracy 25 / 35 met price target	24%upside $295	Buy Maintained	2 Aug 2024
Truist Securities Keith Hughes 69% 1-year accuracy 41 / 59 met price target	1%upside $240	Hold Maintained	2 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about IBP published over the past 30 days

Zacks Investment Research

Installed Building Expands With Insulation Supplies Buyout

IBP expands its footprint across Minnesota and the upper Midwest with the acquisition of Insulation Supplies.

Installed Building Expands With Insulation Supplies Buyout

Installed Building Products Announces the Acquisition of Wholesale Insulation Supply, Inc. DBA Insulation Supplies

COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Wholesale Insulation Supply, Inc. doing business as Insulation Supplies. Insulation Supplies was established in 1986 and is headquartered in New Hope, Minnesota, near Minneapolis. Insulation Supplies generates over $22 million of annual revenue throughout Minnesota and the uppe.

Installed Building Products Announces the Acquisition of Wholesale Insulation Supply, Inc. DBA Insulation Supplies

Top 3 Homebuilder Stocks to Watch as Rates Drop

The Federal Reserve launched the first of several expected interest rate cuts in its September meeting, making a larger-than-anticipated half-percentage-point reduction. The real estate market, plagued by issues including insufficient supply relative to surging demand and mortgage rates that have risen dramatically since their COVID-era lows, stands to benefit from the rate cut.

Top 3 Homebuilder Stocks to Watch as Rates Drop

Zacks Investment Research

IBP to Benefit From Production Capacity Expansion in Bucyrus

Installed Building expands its production capacity with the opening of a second manufacturing plant in Bucyrus, OH, under its subsidiary AFT.

IBP to Benefit From Production Capacity Expansion in Bucyrus

IBP's Advanced Fiber Technology Opens Second Production Line in Bucyrus

COLUMBUS, Ohio--(BUSINESS WIRE)--Advanced Fiber Technology (AFT), an Installed Building Product's (IBP) (NYSE: IBP) company, has opened the second line of its manufacturing plant in Bucyrus, Ohio. This expansion will increase the production of high-performance, reliable Carbon-Smart™ Loose-Fill Cellulose Insulation and support local economic growth. This $5.5 million project includes a $4.75 million investment in cutting-edge technology, robotics, and automation for the wastepaper conversion in.

IBP's Advanced Fiber Technology Opens Second Production Line in Bucyrus

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Prediction: 4 Stocks That Will Pop If Kamala Harris Wins

24/7 Wall St. Insights A Kamala Harris victory in the 2024 presidential election could provide a boost for stocks in a variety of sectors.

Prediction: 4 Stocks That Will Pop If Kamala Harris Wins

Installed Building Products: Downgrade To Hold As Valuation Has Priced In Near-Term Upside

I downgraded my rating from buy to hold. IBP reported 7% revenue growth, with strong single-family sales offset by declining commercial sales. Housing starts trend supports bullish outlook for IBP, but multi-family volume growth may pose a y/y growth headwind.

Installed Building Products: Downgrade To Hold As Valuation Has Priced In Near-Term Upside

Installed Building Products, Inc. (IBP) Q2 2024 Earnings Call Transcript

Installed Building Products, Inc. (NYSE:IBP ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Darren Hicks - MD-IR Jeff Edwards - Chairman and CEO Michael Miller - CFO Jason Niswonger - Chief Administrative and Sustainability Officer Conference Call Participants Stephen Kim - Evercore ISI Adam Baumgarten - Zelman & Associates Michael Rehaut - JPMorgan Mike Dahl - RBC Capital Markets Reuben Garner - Benchmark Company Ken Zener - Seaport Research Partners Philip Ng - Jefferies Susan Maklari - Goldman Sachs Keith Hughes - Truist Securities Operator Greetings, and welcome to Installed Building Products Fiscal 2024 Second Quarter Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Installed Building Products, Inc. (IBP) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Installed Building Products (IBP) Beats Q2 Earnings Estimates

Installed Building Products (IBP) came out with quarterly earnings of $3.02 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $2.62 per share a year ago.

Installed Building Products (IBP) Beats Q2 Earnings Estimates

Installed Building Products Reports Record Second Quarter 2024 Results; Declares Regular Quarterly Cash Dividend

COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights (Comparisons are to Prior Year Period) Net revenue increased 6.6% to $737.6 million Installation revenue increased 7.0% to $697.3 million, as single-family and multi-family sales growth combined with sales from IBP.

Installed Building Products Reports Record Second Quarter 2024 Results; Declares Regular Quarterly Cash Dividend

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