Installed Building Products
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
28% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 54
21% more capital invested
Capital invested by funds: $5.3B [Q2] → $6.39B (+$1.09B) [Q3]
2% more funds holding
Funds holding: 386 [Q2] → 395 (+9) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 137
0.6% more ownership
Funds ownership: 91.4% [Q2] → 92.0% (+0.6%) [Q3]
20% less call options, than puts
Call options by funds: $10.2M | Put options by funds: $12.8M
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$197
2%
downside
Avg. target
$232
15%
upside
High target
$260
29%
upside
4 analyst ratings
2 positive
50%
1 neutral
25%
1 negative
25%
Goldman Sachs Susan Maklari 41% 1-year accuracy 12 / 29 met price target | 13%upside $228 | Buy Maintained | 14 Jan 2025 |
JP Morgan Michael Rehaut 65% 1-year accuracy 11 / 17 met price target | 20%upside $241 | Neutral Maintained | 22 Nov 2024 |
DA Davidson Kurt Yinger 43% 1-year accuracy 6 / 14 met price target | 29%upside $260 | Buy Maintained | 8 Nov 2024 |
RBC Capital Mike Dahl 55% 1-year accuracy 31 / 56 met price target | 2%downside $197 | Underperform Downgraded | 8 Nov 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
1 month ago
Installed Building Products Expands Reach With Capital Acquisition
The acquisition of Capital strengthens IBP's position in the greater Houston building products installation market.
Neutral
Business Wire
1 month ago
Installed Building Products Announces the Acquisition of Capital Insulation, 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 Capital Insulation, LLC and CBS & Mirror, LLC (collectively “Capital”). Capital is located in Houston, Texas and serves the single-family, multifamily, and commercial end markets. Capital focuses on installation opportunities in new construction projects and primarily insta.
Neutral
Business Wire
1 month ago
Installed Building Products Announces Successful Repricing of Term Loan B Facility and a Share Repurchase Update
COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the “Company”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company successfully repriced its $500 million term loan (the “Term Loan”). Also, during the month of November, IBP repurchased 250 thousand shares of its common stock at a total cost of approximately $52 million, including commissions. To date in 2024, the Company has repurchased 565 thousand sh.
Neutral
Business Wire
2 months ago
Installed Building Products Publishes 2024 Environmental, Social and Governance Report
COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today the release of the Company's 2024 Environmental, Social and Governance (“ESG”) report, which highlights important milestones the Company achieved during the past year, as well as the Company's ongoing ESG policies and commitment to the environment, its employees, and its communities by promoting.
Positive
Zacks Investment Research
2 months ago
Installed Building Products Expands Reach With Tatum Acquisition
Installed Building Products, Inc. IBP, a top U.S. installer of insulation and complementary building products, announced its acquisition of Tatum Insulation III, LLC, an installer based outside Wilmington, NC. With Tatum's strong presence across new residential and commercial markets in the state, IBP gains increased geographic reach and additional revenue streams.
Neutral
Business Wire
2 months ago
Installed Building Products Announces the Acquisition of Tatum Insulation III, 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 Tatum Insulation III, LLC (“Tatum”). Tatum is headquartered just outside of Wilmington, North Carolina, and serves new residential and new commercial end markets throughout the state. Tatum installs multiple building products including fiberglass insulation, shower doors, shelv.
Neutral
Seeking Alpha
2 months ago
Installed Building Products, Inc. (IBP) Q3 2024 Earnings Call Transcript
Installed Building Products, Inc. (NYSE:IBP ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Darren Hicks - MD-IR Jeffrey Edwards - Chairman and CEO Michael Miller - CFO Conference Call Participants Stephen Kim - Evercore ISI Susan Maklari - Goldman Sachs Michael Rehaut - JPMorgan Chase & Co Adam Baumgarten - Zelman & Associates Margaret Grady - Jefferies Trey Grooms - Stephens Inc. Keith Hughes - Truist Securities Michael Dahl - RBC Capital Markets Jeffrey Stevenson - Loop Capital Markets Reuben Garner - The Benchmark Company Kurt Yinger - D.A. Davidson & Co. Ken Zener - Seaport Research Partners Operator Greetings and welcome to Installed Building Products Third Quarter 2024 Conference Call.
Negative
Zacks Investment Research
2 months ago
Installed Building Products (IBP) Lags Q3 Earnings Estimates
Installed Building Products (IBP) came out with quarterly earnings of $2.85 per share, missing the Zacks Consensus Estimate of $2.98 per share. This compares to earnings of $2.79 per share a year ago.
Neutral
Business Wire
2 months ago
Installed Building Products Reports Record Third 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 third quarter ended September 30, 2024. Third Quarter 2024 Highlights (Comparisons are to Prior Year Period) Net revenue increased 7.7% to an all-time record of $760.6 million Installation revenue increased 7.9% to $713.7 million, as growth across all end markets combined with sal.
Neutral
Zacks Investment Research
2 months ago
Installed Building Products (IBP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Installed Building Products (IBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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