Installed Building Products
IBP

$204.47

0.36%

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

Industrials General Building Contractors - Residential

0

Funds holding %

of 6,686 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

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Research analyst outlook

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

Low target

$203

1%

downside

Avg. target

$253

24%

upside

High target

$295

44%

upside

7 analyst ratings

3 positive

43%

4 neutral

57%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

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

Installed Building Products Announces the Acquisition of Euroview Enterprises, LLC

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 Euroview Enterprises, LLC, Contract Mirror and Supply Co., and CLM Solutions, LLC (collectively “Euroview”). Established in 1961, Euroview is headquartered in Elk Grove Village, Illinois, with an additional location in Burnsville, Minnesota. Euroview focuses on new single-famil.

Installed Building Products Announces the Acquisition of Euroview Enterprises, LLC

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

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