Installed Building ProductsIBP
Market Cap: $5.77B
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
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
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Stephens & Co. Trey Grooms 50% 1-year accuracy 12 / 24 met price target | 17%upside $240 | Equal-Weight Reiterated | 5 Aug 2024 |
RBC Capital Mike Dahl 56% 1-year accuracy 28 / 50 met price target | 1%downside $203 | Sector Perform Maintained | 2 Aug 2024 |
Goldman Sachs Susan Maklari 66% 1-year accuracy 23 / 35 met price target | 44%upside $295 | Buy Maintained | 2 Aug 2024 |
Truist Securities Keith Hughes 61% 1-year accuracy 36 / 59 met price target | 17%upside $240 | Hold Maintained | 2 Aug 2024 |
Jefferies Philip Ng 44% 1-year accuracy 7 / 16 met price target | 22%upside $250 | Hold Maintained | 17 Jul 2024 |