IBP Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Installed Building (IBP) banks on profitable acquisitions, diversified product portfolio and end-markets, and efficient capital-allocation strategy.

Installed Building Products (IBP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

The heavy selling pressure might have exhausted for Installed Building Products (IBP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Installed Building Products is benefitting from the current housing market and is earning historically high returns on invested capital. I believe that these returns will revert to their mean due to typical competitive market dynamics and due to management's short-term oriented incentive structure. I am initiating coverage with a sell rating and a $107 price target.

Installed Building Products, Inc. (NYSE:IBP ) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Darren Hicks - MD, IR Jeff Edwards - Chairman and CEO Michael Miller - CFO Jason Niswonger - Chief Administrative and Sustainability Officer Conference Call Participants Stephen Kim - Evercore Ken Zener - Seaport Research Partners Joe Ahlersmeyer - Deutsche Bank Susan Maklari - Goldman Sachs Trey Grooms - Stephens Adam Baumgarten - Zelman and Associates Phil Ng - Jefferies Jeffrey Stevenson - Loop Capital Markets Keith Hughes - Truist Securities Operator Greetings and welcome to the Installed Building Products Fiscal 2023 Second Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Installed Building Products Inc ( IBP , Financial) is a leading player in the Homebuilding & Construction industry. As of August 2, 2023, the company's stock price stands at $153.25, with a market cap of $4.35 billion.

Installed Building Products (IBP) came out with quarterly earnings of $2.62 per share, beating the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.48 per share a year ago.

Although it's an ugly topic, disciplined investors seeking consistent success in the market should not shy away from overbought stocks to sell. That is, one should never be too emotionally attached to their investment ideas.

The weakening single-family residential end market is a near-term headwind. However, there is light at the end of the tunnel with the Fed becoming less hawkish post the recent banking fiasco.