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
Check Earnings Report
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
Show less
Read more
Impact Snapshot
Event Time:
IBP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IBP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IBP alerts
High impacting Installed Building Products, Inc. news events
Weekly update
A roundup of the hottest topics
IBP
News
- 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, Inc. (NYSE: IBP) was downgraded by analysts at Seaport Res Ptn from a "strong-buy" rating to a "hold" rating.MarketBeat
- Installed Building Products Announces the Acquisition of Capital Insulation, LLCBusiness Wire
- Installed Building Products, Inc. (NYSE: IBP) was downgraded by analysts at Evercore ISI from an "outperform" rating to an "underperform" rating. They now have a $206.00 price target on the stock, down previously from $238.00.MarketBeat
- Installed Building Products, Inc. (NYSE: IBP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
IBP
Earnings
- 11/7/24 - Miss
IBP
Sec Filings
- 12/16/24 - Form 8-K
- 11/29/24 - Form 4
- 11/26/24 - Form 8-K
- IBP's page on the SEC website