Last Updated: 08 Nov 2024
Executive Summary
Installed Building Products Inc. (IBP) is a leading provider of installation services for residential and commercial buildings in the United States. The company's financial performance has been strong in recent years, with revenue and earnings growing steadily. IBP's stock price has also performed well, outperforming the S&P 500 index over the past year.
Company Overview
IBP was founded in 1994 and is headquartered in Columbus, Ohio. The company operates through a network of over 200 locations across the United States. IBP's services include insulation, waterproofing, fire protection, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products.
Fundamental Analysis
IBP's financial performance has been strong in recent years. Revenue has grown from $2.2 billion in 2019 to $2.9 billion in 2023. Net income has also grown significantly, from $217 million in 2019 to $322 million in 2023.
IBP's financial ratios are also healthy. The company's gross profit margin is 29.0%, and its operating margin is 13.6%. IBP's return on assets is 12.6%, and its return on equity is 40.8%.
Technical Analysis
IBP's stock price has performed well in recent years. The stock price has risen from $122.37 in January 2023 to $217.27 as of August 1, 2024. The stock price is currently trading above its 50-day and 200-day moving averages.
Short Term Outlook
IBP's short-term outlook is positive. The company's financial performance is strong, and the stock price is trading above its moving averages. IBP is also benefiting from the strong demand for home improvement services.
Long Term Outlook
IBP's long-term outlook is also positive. The company is well-positioned to benefit from the growing demand for home improvement services. IBP's strong financial performance and experienced management team should allow the company to continue to grow in the years to come.
Analyst Recommendations
Analysts are generally positive on IBP. Six analysts have a buy rating on the stock, and six analysts have a hold rating. The average analyst target price is $255.60.
