Installed Building Products: Rising Institutional Pessimism Despite Strong Market Tailwinds [Seeking Alpha]
Installed Building Products, Inc. (IBP)
Last installed building products, inc. earnings: 2/27 07:00 am
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US:NYSE Investor Relations:
investors.installedbuildingproducts.com/investor-relations
Company Research
Source: Seeking Alpha
Summary Installed Building Products' stock price jumped 145% last year but has been stuck in a sideways pattern since March 2024, with more institutional investors turning cautious. The company relies heavily on new single-family home construction, which grew strongly in late 2023 and early 2024, driving solid revenue and profit increases. Valuation looks high but reasonable compared to competitors, especially given the company's solid cash flow and industry growth potential. Risks include possible delays in interest rate cuts, which could keep mortgage rates high and slow down new home construction in 2025, leading to a decline in revenue. I believe interest rate cuts in 2025 are highly likely, which should improve homebuyer confidence and increase demand for new homes as mortgage rates cool off. Therefore, I maintain a buy rating for this stock. Pannonia/E+ via Getty Images Installed Building Products, Inc. ( NYSE: IBP ) is one week ahead of releasing Q3 2024 earnings
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IBP
News
- Installed Building Products, Inc. (NYSE: IBP) had its price target raised by analysts at JPMorgan Chase & Co. from $236.00 to $241.00. They now have a "neutral" rating on the stock.MarketBeat
- Installed Building Products, Inc. (NYSE: IBP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Installed Building Products Publishes 2024 Environmental, Social and Governance ReportBusiness Wire
- Installed Building Products Announces the Acquisition of Tatum Insulation III, LLC [Yahoo! Finance]Yahoo! Finance
- Installed Building Products Announces the Acquisition of Tatum Insulation III, LLCBusiness Wire
IBP
Earnings
- 11/7/24 - Miss
IBP
Sec Filings
- 11/13/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/7/24 - Form 10-Q
- IBP's page on the SEC website