Installed Building Prods Stock (NYSE: IBP)

Installed Building Prods (NYSE:IBP) Stock

Installed Building Prods

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 derived from Installation segment.

Installed Building Products, Inc. Common Stock

Installed Building Products Inc

IBERPAPEL GESTION SA by Iberpapel Gestion SA

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Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness after Fed Chair Powell made remarks at the Economic Club. Stocks across sectors may also be weighed down on trade tension fears after after the United States informed NVIDIA that it may require a license to export chips to China.

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Shares of homebuilders and housing-related stocks stocks are trading lower amid an overall market reversal on US-China trade tensions. Volatility in the 30-year mortgage rate could also affect housing demand.

Shares of homebuilders and housing-linked stocks are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Loop Capital analyst Jeffrey Stevenson maintains Installed Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>) with a Buy and lowers the price target from $230 to $215.

News

Price Target

Analyst Ratings

Loop Capital Maintains Buy on Installed Building Prods, Lowers Price Target to $215

Truist Securities analyst Keith Hughes maintains Installed Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>) with a Hold and lowers the price target from $240 to $180.

Truist Securities Maintains Hold on Installed Building Prods, Lowers Price Target to $180

Benchmark analyst Reuben Garner maintains Installed Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>) with a Buy and lowers the price target from $250 to $210.

Benchmark Maintains Buy on Installed Building Prods, Lowers Price Target to $210

DA Davidson analyst Kurt Yinger maintains Installed Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>) with a Buy and lowers the price target from $260 to $225.

DA Davidson Maintains Buy on Installed Building Prods, Lowers Price Target to $225

Installed Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>) reported quarterly earnings of $2.88 per share which beat the analyst consensus estimate of $2.85 by 1.05 percent. This is a 5.88 percent increase over earnings of $2.72 per share from the same period last year. The company reported quarterly sales of $750.20 million which missed the analyst consensus estimate of $762.95 million by 1.67 percent. This is a 4.09 percent increase over sales of $720.70 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Installed Building Prods Q4 2024 Adj EPS $2.88 Beats $2.85 Estimate, Sales $750.20M Miss $762.95M Estimate

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Earnings Scheduled For February 27, 2025

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Shares of homebuilders, construction and household durables stocks are trading lower. The sector has been under pressure amid tariff uncertainty.

The Beachbody Company, Inc. Class A Common Stock

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Market Index Target Term Securities Linked To The Dow Jones Industrial Average

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Shares of companies within the broader consumer discretionary sector are trading lower possibly due to worse-than-expected Michigan consumer sentiment for February. The sector may be weighed down following weak guidance from e.l.f Beauty and Amazon.

Shares of homebuilders and construction companies are trading lower as investors assess U.S. tariff concerns which may harm the industry.

Goldman Sachs analyst Susan Maklari maintains Installed Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>) with a Buy and lowers the price target from $262 to $228.

Goldman Sachs Maintains Buy on Installed Building Prods, Lowers Price Target to $228

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Shares of homebuilders, construction and household durables stocks are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Acquisition Adds Over $12 Million of Annual Revenue
Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Capital Insulation, LLC and CBS &amp; 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.

Installed Building Products Announces The Acquisition Of Capital Insulation; Acquisition Adds Over $12M Of Annual Revenue; Financial Terms Of Transaction Not Disclosed

Seaport Global analyst Keneth Zener downgrades Installed Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>) from Buy to Neutral.

Downgrades

Seaport Global Downgrades Installed Building Prods to Neutral

Buybacks

Installed Building Products Repriced $500M Loan

Shares of homebuilders and housing-linked stocks are trading higher amid a drop in yields.

JP Morgan analyst Michael Rehaut maintains Installed Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>) with a Neutral and raises the price target from $236 to $241.

JP Morgan Maintains Neutral on Installed Building Prods, Raises Price Target to $241

Installed Building Products Acquires Tatum Insulation III; Terms Not Disclosed

Press Releases

IBP's Advanced Fiber Technology Opens Second Production Line in Bucyrus

Installed Building Products Announces the Acquisition of Wholesale Insulation Supply, Inc. DBA Insulation Supplies

Installed Building Products to Report Third Quarter 2024 Financial Results

Installed Building Products Reports Record Third Quarter 2024 Results; Declares Regular Quarterly Cash Dividend

Installed Building Products Announces the Acquisition of Tatum Insulation III, LLC

Installed Building Products Publishes 2024 Environmental, Social and Governance Report

Installed Building Products Announces Successful Repricing of Term Loan B Facility and a Share Repurchase Update

Installed Building Products Announces the Acquisition of Capital Insulation, LLC

Installed Building Products to Report Fourth Quarter and Fiscal Year 2024 Financial Results

Comments

Installed Building Prods

Notizie

PARTENAIRE / CONTRIBUTEUR

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