Installed Building Products downgraded by Seaport Research Partners
$IBP
Homebuilding
Consumer Discretionary
Seaport Research Partners downgraded Installed Building Products from Buy to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/16/2024 | $238.00 → $206.00 | Outperform → Underperform | Evercore ISI |
| 12/13/2024 | Buy → Neutral | Seaport Research Partners | |
| 11/8/2024 | $203.00 → $197.00 | Sector Perform → Underperform | RBC Capital Mkts |
| 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 |
Acquisition Adds Over $12 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 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 installs fiberglass and spray foam insulation. "Capital adds over $12 million of annual revenue to our business, contributing to our existing presence in the greater Houston building prod
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 shares for $118 million with approximately $182 million remaining under the current authorization, expiring March 1, 2025. The Term Loan maturity date of March 28, 2031 is unchanged and bears interest at the adjusted term secured over
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 a more sustainable and equitable future. "Earlier this year, IBP celebrated 10 years as a publicly traded company. During those 10 years, we have had a successful track record of executing on our growth strategy, while delivering on
8-K - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
Evercore ISI downgraded Installed Building Products from Outperform to Underperform and set a new price target of $206.00 from $238.00 previously
Seaport Research Partners downgraded Installed Building Products from Buy to Neutral
RBC Capital Mkts downgraded Installed Building Products from Sector Perform to Underperform and set a new price target of $197.00 from $203.00 previously
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
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)
Acquisition Adds Over $12 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 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 installs fiberglass and spray foam insulation. "Capital adds over $12 million of annual revenue to our business, contributing to our existing presence in the greater Houston building prod
Acquisition Adds Over $17 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 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, shelving, mirrors, and other products installed in the interior of homes and buildings. "Tatum adds over $17 million of annual revenue to our business, giving us increased geographic
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 sales from IBP's recent acquisitions Other revenue, net of eliminations, which includes IBP's manufacturing and distribution operations, increased to $46.9 million from $45.3 million Net income increased 0.9% to a third quarte
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)