Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials. The company is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical applications. In addition, it installs a range of advanced caulk and sealant products that control air infiltration in residential and commercial buildings, as well as moisture protection systems. It serves homebuilders, multi-family and commercial construction firms, individual homeowners, and repair and remodeling contractors through a network of approximately 190 branch locations. The company was formerly known as CCIB Holdco, Inc. Installed Building Products, Inc. was founded in 1977 and is headquartered in Columbus, Ohio.
IPO Year: 2014
Exchange: NYSE
Website: installedbuildingproducts.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/5/2024 | $275.00 | Buy | DA Davidson |
2/28/2024 | $199.00 → $242.00 | Overweight → Neutral | JP Morgan |
1/8/2024 | Hold → Buy | Loop Capital | |
1/4/2024 | $160.00 → $200.00 | Buy → Hold | Truist |
12/14/2023 | $165.00 → $199.00 | Neutral → Overweight | JP Morgan |
11/16/2023 | $146.00 → $178.00 | Neutral → Buy | Goldman |
11/9/2023 | $150.00 → $165.00 | In-line → Outperform | Evercore ISI |
10/26/2023 | $150.00 | Hold → Buy | The Benchmark Company |
8/1/2023 | $170.00 | Buy | Seaport Research Partners |
5/5/2023 | $85.00 → $111.00 | Underperform → Sector Perform | RBC Capital Mkts |
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's recent acquisitions Other revenue, net of eliminations, which includes IBP's manufacturing and distribution operations, increased to $40.3 million from $40.2 million Net income increased 5.8% to a second quarter
Acquisition Adds Approximately $20 Million of Annual Revenue 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-family and multi-family construction projects throughout Illinois and Minnesota with a separate, smaller entity that focuses on commercial projects. Shower doors, shelving, and
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's website at www.installedbuildingproducts.com. To listen to a live webcast, go to the site at least 15 minutes prior to the scheduled start time to register, download and install any necessary audio software. To Participate in
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 field partner category. The comprehensive process evaluates companies in the areas of quality and customer service. "Receiving this honor for the fourth consecutive year highlights our team's unwavering dedication to excellence,"
Two Acquisitions Add Approximately $14 Million of Annual Revenue IBP Repurchased $46 million of Common Stock in June Under Its Existing Repurchase Program 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 Gutter Pro Enterprises, Inc. ("Gutter Pro"), a gutter installer based in Plym
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's recent acquisitions Other revenue, which includes IBP's manufacturing and distribution operations, increased to $37.0 million from $36.6 million Net income increased 13.4% to a first quarter record of $55.9 million
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 first quarter 2024 financial results on May 9, 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's website at www.installedbuildingproducts.com. To listen to a live webcast, go to the site at least 15 minutes prior to the scheduled start time to register, download and install any necessary audio software. To Participate in the
Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully closed its previously announced new 7-year $500 million term loan (the "New Term Loan"). The New Term Loan matures on March 28, 2031, has no financial maintenance covenants, and is rated BB+ by S&P Global Ratings and Ba1 by Moody's Investors Service. The pricing of the New Term Loan bears interest at the adjusted term secured overnight financing rate plus 2.00% per annum, or an alternative base rate plus 1.00%. Net proceeds of the New Term Loan were used to refinance the Company's prior $49
Through collaborative, trust-based philanthropy and corporate partnership, IBP's initiatives have generated over $10 million in support of scholarships and diverse nonprofits Installed Building Products, Inc. (NYSE:IBP), an industry-leading installer of insulation and complementary building products, is proud to celebrate the fifth anniversary of its community giving initiatives, which have significantly contributed over $10 million in educational scholarships and support to diverse nonprofits. Over the last half-decade, IBP has focused on creating a sustainable impact through inclusive, trust-based philanthropy, corporate giving, and community impact programs. These efforts have succes
Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company is seeking to refinance and extend its existing $490 million Term Loan B facility due 2028 with a new 7-year $500 million term loan (the "New Term Loan") due 2031. Net proceeds of the New Term Loan will be used to refinance the existing term loan and pay fees. The terms of any New Term Loan will be disclosed upon the completion of the transaction, which is expected to be announced in the next several weeks. This proposed refinancing is subject to market and other conditions, and there can be no assurance th
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's recent acquisitions Other revenue, net of eliminations, which includes IBP's manufacturing and distribution operations, increased to $40.3 million from $40.2 million Net income increased 5.8% to a second quarter
Acquisition Adds Approximately $20 Million of Annual Revenue 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-family and multi-family construction projects throughout Illinois and Minnesota with a separate, smaller entity that focuses on commercial projects. Shower doors, shelving, and
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's website at www.installedbuildingproducts.com. To listen to a live webcast, go to the site at least 15 minutes prior to the scheduled start time to register, download and install any necessary audio software. To Participate in
Two Acquisitions Add Approximately $14 Million of Annual Revenue IBP Repurchased $46 million of Common Stock in June Under Its Existing Repurchase Program 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 Gutter Pro Enterprises, Inc. ("Gutter Pro"), a gutter installer based in Plym
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's recent acquisitions Other revenue, which includes IBP's manufacturing and distribution operations, increased to $37.0 million from $36.6 million Net income increased 13.4% to a first quarter record of $55.9 million
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 first quarter 2024 financial results on May 9, 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's website at www.installedbuildingproducts.com. To listen to a live webcast, go to the site at least 15 minutes prior to the scheduled start time to register, download and install any necessary audio software. To Participate in the
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 fourth quarter ended December 31, 2023. Fourth Quarter 2023 Highlights (Comparisons are to Prior Year Period) Net revenue increased 5.0% to a record $720.7 million Installation revenue increased 4.5% to $669.8 million, as multi-family and commercial sales growth, including sales from IBP's recent acquisitions, offset softer single-family sales Other revenue, which includes IBP's manufacturing and distribution operations, increased 12.0% to $50.9 million Net income was $64.9 million, or $2.29 pe
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 fourth quarter 2023 financial results on February 22, 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's website at www.installedbuildingproducts.com. To listen to a live webcast, go to the site at least 15 minutes prior to the scheduled start time to register, download and install any necessary audio software. To Participate
Acquisition Adds Approximately $16.5 Million of Annual Revenue 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 Combee Insulation Company, Inc., Combee Foam Products, Inc. and Air Tight Diagnostics, LLC (collectively "Combee"). Established in 1970, Combee is headquartered in Lakeland, Florida and installs a diverse mix of building products including, fiberglass insulation, spray foam insulation, and garage doors, primarily into new residential construction projects throughout the greater Central Florida area. "With approximately $16.5 million of ann
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, 2023. Third Quarter 2023 Highlights (Comparisons are to Prior Year Period) Net revenue decreased 1.8% to $706.5 million Installation revenue decreased 1.7% to $661.2 million, as softer single-family sales were partially offset by multi-family and commercial sales growth, including incremental sales from IBP's recent acquisitions Other revenue, which includes IBP's manufacturing and distribution operations, decreased slightly to $45.3 million from $46.2 million
8-K - Installed Building Products, Inc. (0001580905) (Filer)
10-Q - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
10-Q - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
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DA Davidson initiated coverage of Installed Building Products with a rating of Buy and set a new price target of $275.00
JP Morgan downgraded Installed Building Products from Overweight to Neutral and set a new price target of $242.00 from $199.00 previously
Loop Capital upgraded Installed Building Products from Hold to Buy
Truist downgraded Installed Building Products from Buy to Hold and set a new price target of $200.00 from $160.00 previously
JP Morgan upgraded Installed Building Products from Neutral to Overweight and set a new price target of $199.00 from $165.00 previously
Goldman upgraded Installed Building Products from Neutral to Buy and set a new price target of $178.00 from $146.00 previously
Evercore ISI upgraded Installed Building Products from In-line to Outperform and set a new price target of $165.00 from $150.00 previously
The Benchmark Company upgraded Installed Building Products from Hold to Buy and set a new price target of $150.00
Seaport Research Partners initiated coverage of Installed Building Products with a rating of Buy and set a new price target of $170.00
RBC Capital Mkts upgraded Installed Building Products from Underperform to Sector Perform and set a new price target of $111.00 from $85.00 previously
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Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complimentary building products, today announced that Jay P. Elliott has notified the Company of his decision to retire as Chief Operating Officer, effective December 31, 2023. Following his retirement, Mr. Elliott is expected to serve in an advisory role to the Company on business strategy and development. The Board of Directors of the Company has named Brad A. Wheeler, currently serving as Regional President of the Company, to replace Mr. Elliott as Chief Operating Officer, effective January 1, 2024, to provide sufficient time for transition of Mr. Elliott's responsibil
Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced that Robert H. Schottenstein has been appointed as an independent director to the Company's Board of Directors. Mr. Schottenstein previously served on the Board from April 2014 to March 2020. With this appointment, the Board now has nine members. "I am extremely pleased to welcome Bob back to our Board," stated Jeff Edwards, Chairman and Chief Executive Officer of IBP. "Bob brings a wealth of residential construction and corporate management experience at one of the leading publicly traded homebuilders, as well as a strong u
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Jefferies analyst Philip Ng maintains Installed Building Prods (NYSE:IBP) with a Hold and raises the price target from $239 to $250.
Installed Building Prods's (NYSE:IBP) short percent of float has risen 3.06% since its last report. The company recently reported that it has 1.40 million shares sold short, which is 7.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.4 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
Evercore ISI Group analyst Stephen Kim maintains Installed Building Prods (NYSE:IBP) with a Outperform and raises the price target from $274 to $282.
U.S. stocks were mostly higher, with the Dow Jones index gaining around 100 points on Thursday. Shares of Methode Electronics, Inc. (NYSE:MEI) rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter sales results. Methode Electronics reported a fourth-quarter fiscal 2024 net sales decline of 7.9% year-on-year to $277.30 million, beating the analyst consensus estimate of $264.04 million. Adjusted EPS loss of 23 cents missed the analyst consensus loss estimate of 20 cents, according to data from Benzinga Pro. Methode Electronics shares surged 29.4% to $12.22 on Thursday. Here are some other big stocks recording gains in today’s session.
Goldman Sachs analyst Susan Maklari maintains Installed Building Prods (NYSE:IBP) with a Buy and lowers the price target from $300 to $260.
Installed Building Prods's (NYSE:IBP) short percent of float has risen 18.37% since its last report. The company recently reported that it has 1.38 million shares sold short, which is 6.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.98 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Shor
Two Acquisitions Add Approximately $14 Million of Annual RevenueIBP Repurchased $46 million of Common Stock in June Under Its Existing Repurchase ProgramInstalled 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 Gutter Pro Enterprises, Inc. ("Gutter Pro"), a gutter installer based in Plymouth, Mass