Installed Building Products
IBP

$265.53

7.19%

Market Cap: 7.55B

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 6,702 funds

0

Analysts bullish %

of 13 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

127% more first-time investments, than exits

New positions opened: 75 | Existing positions closed: 33

55% more call options, than puts

Call options by funds: $19.8M | Put options by funds: $12.8M

47% more capital invested

Capital invested by funds: $4.33B [Q4 2023] → $6.35B (+$2.01B) [Q1 2024]

13% more funds holding

Funds holding: 332 [Q4 2023] → 374 (+42) [Q1 2024]

3.16% more ownership

Funds ownership: 83.37% [Q4 2023] → 86.54% (+3.16%) [Q1 2024]

24% less repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 149

25% less funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 3 (-1) [Q1 2024]

See Fund Rankings

Research analyst outlook

13 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$216

19%

downside

Avg. target

$250

6%

downside

High target

$282

6%

upside

13 analyst ratings

7 positive

54%

6 neutral

46%

0 negative

0%

Jefferies Philip Ng	6%downside $250	Hold Maintained	17 Jul 2024
Evercore ISI Group Stephen Kim	6%upside $282	Outperform Maintained	15 Jul 2024
Goldman Sachs Susan Maklari	2%downside $260	Buy Maintained	10 Jul 2024
Benchmark Reuben Garner	2%upside $270	Buy Maintained	14 May 2024
JP Morgan Michael Rehaut	15%downside $227	Neutral Maintained	13 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about IBP published over the past 30 days

Installed Building Products to Report Second Quarter 2024 Financial Results

COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the “Company”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its second quarter 2024 financial results on August 1, 2024. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company's results. Webcast: The conference call will be available on the investor relations section of the Company'.

Installed Building Products to Report Second Quarter 2024 Financial Results

Zacks Investment Research

Installed Building Products (IBP) Surges 7.9%: Is This an Indication of Further Gains?

Installed Building Products (IBP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Installed Building Products (IBP) Surges 7.9%: Is This an Indication of Further Gains?

Installed Building Products Awarded With “National Preferred Partner” Distinction for Fourth Year in a Row

COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP) earned the National Preferred Partner Award from David Weekley Homes' 20th annual National Preferred Partner Survey. The award recognizes field and manufacturing partners who have consistently operated at world-class levels, as determined by the home builder's supplier evaluation platform. For the fourth year in a row, IBP is one of only 12 companies named a National Preferred Partner in the.

Installed Building Products Awarded With “National Preferred Partner” Distinction for Fourth Year in a Row

Zacks Investment Research

Installed Building (IBP) Expands Presence With Two Acquisitions

Installed Building (IBP) acquires Thrice Energy Solutions and Gutter Pro, strengthening regional footprints.

Installed Building (IBP) Expands Presence With Two Acquisitions

Installed Building Products Announces the Acquisition of Thrice Energy Solutions, LLC, Gutter Pro Enterprises, Inc., and a Share Repurchase Update

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 Thrice Energy Solutions, LLC (“Thrice”). Located in Oklahoma City, Oklahoma, Thrice has a new residential and commercial end market presence throughout Oklahoma and Texas primarily installing fiberglass and spray foam insulation. On June 3, IBP completed the acquisition of Gutt.

Installed Building Products Announces the Acquisition of Thrice Energy Solutions, LLC, Gutter Pro Enterprises, Inc., and a Share Repurchase Update

Installed Building Products: Capital-Light Growth Throwing Off Free Cash Flow Attractive

Installed Building Products is well-positioned to capitalize on fundamental tailwinds and expand its competitive advantage. IBP has shown consistent revenue and earnings growth, with double-digit compounding rates over the past nine years. The company's high operating margins and capital turnover give it a competitive advantage in the homebuilding industry.

Installed Building Products: Capital-Light Growth Throwing Off Free Cash Flow Attractive

Zacks Investment Research

Installed Building (IBP) Tops on Q1 Earnings & Net Revenues

Installed Building's (IBP) first-quarter results reflect improvements in the single-family end market and healthy sales in the multi-family end markets.

Installed Building (IBP) Tops on Q1 Earnings & Net Revenues

Installed Building Products, Inc. (IBP) Q1 2024 Earnings Call Transcript

Installed Building Products, Inc. (NYSE:IBP ) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Darren Hicks – Managing Director-Investor Relations Jeff Edwards – Chairman and Chief Executive Officer Michael Miller – Chief Financial Officer Jason Niswonger – Chief Administrative and Sustainability Officer Conference Call Participants Michael Rehaut – JPMorgan Stephen Kim – Evercore ISI Trey Grooms – Stephens Susan Maklari – Goldman Sachs Ken Zener – Seaport Research Partners Mike Dahl – RBC Capital Markets Jeffrey Stevenson – Loop Capital Keith Hughes – Truist Adam Baumgarten – Zelman & Associates Operator Good day everyone, and welcome to the Installed Building Products Fiscal 2024 First Quarter Financial Results Conference Call. At this time all participants are in a listen-only mode.

Installed Building Products, Inc. (IBP) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Installed Building Products (IBP) Q1 Earnings and Revenues Beat Estimates

Installed Building Products (IBP) came out with quarterly earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.15 per share a year ago.

Installed Building Products (IBP) Q1 Earnings and Revenues Beat Estimates

Installed Building Products Reports First 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 first quarter ended March 31, 2024. First Quarter 2024 Highlights (Comparisons are to Prior Year Period) Net revenue increased 5.1% to $692.9 million Installation revenue increased 5.3% to $655.9 million, as single-family and multi-family sales growth combined with sales from IBP'.

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

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