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 |
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
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
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
8-K - Installed Building Products, Inc. (0001580905) (Filer)
10-Q - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
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)
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
Advanced Fiber Technology (AFT), an Installed Building Product's (IBP) (NYSE:IBP) company, has opened the second line of its manufacturing plant in Bucyrus, Ohio. This expansion will increase the production of high-performance, reliable Carbon-Smart™ Loose-Fill Cellulose Insulation and support local economic growth. This $5.5 million project includes a $4.75 million investment in cutting-edge technology, robotics, and automation for the wastepaper conversion industry. It also enhances AFT's ability to meet the growing demand for its products. AFT's Carbon-Smart™ Loose-Fill Cellulose Insulation is an environmentally responsible product made from over 85% recycled content, primarily recycle
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