24-Apr-2024
No headlines found.
Installed Building Products Successfully Closes New Term Loan B Facility
Business Wire (Thu, 28-Mar 4:15 PM ET)
Installed Building Products Celebrates Five Years of Community Impact
Business Wire (Tue, 19-Mar 11:00 AM ET)
Installed Building Products Announces Plans to Refinance and Extend its Term Loan B Facility
Business Wire (Wed, 13-Mar 8:00 AM ET)
Installed Building Products Reports Record Fourth Quarter and Fiscal Year 2023 Results
Business Wire (Thu, 22-Feb 7:30 AM ET)
Installed Building Products to Report Fourth Quarter 2023 Financial Results
Business Wire (Thu, 15-Feb 8:00 AM ET)
Installed Building Products to Celebrate 10th Anniversary of NYSE Listing
Business Wire (Mon, 5-Feb 7:30 AM ET)
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 generated from Installation segment.
Installed Building Prods trades on the NYSE stock market under the symbol IBP.
As of April 24, 2024, IBP stock price declined to $235.25 with 244,052 million shares trading.
IBP has a beta of 2.37, meaning it tends to be more sensitive to market movements. IBP has a correlation of 0.52 to the broad based SPY ETF.
IBP has a market cap of $6.67 billion. This is considered a Mid Cap stock.
Last quarter Installed Building Prods reported $721 million in Revenue and $2.72 earnings per share. This beat revenue expectation by $38 million and exceeded earnings estimates by $.27.
In the last 3 years, IBP stock traded as high as $263.76 and as low as $69.45.
The top ETF exchange traded funds that IBP belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.
IBP has outperformed the market in the last year with a return of +93.6%, while the SPY ETF gained +24.2%. In the last 3 month period, IBP beat the market returning +24.5%, while SPY returned +4.6%. However, in the most recent 2 weeks IBP has underperformed the stock market by returning -7.5%, while SPY returned -2.7%.
IBP support price is $231.27 and resistance is $244.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IBP stock will trade within this expected range on the day.