Installed Building Products, Inc (IBP) Stock AnalysisIBPInstalled Building Products, Inc

Installed Building Products, Inc. is a new residential insulation installer and a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Installation segment is engaged in the installation of various products in residential new construction, repair and remodel and others. The Distribution segment sells insulation, gutters and accessories primarily to installers of these products who operate in multiple end markets. The Manufacturing segment consists of a manufacturing operation which produces cellulose insulation, asphalt and industrial fibers to sell to distributors and installers of these products. It also specializes in mechanical insulation with sales derived from retrofit work between industrial and commercial applications. It operates in the Industrials sector (GENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS industry).

Currently, Installed Building Products Inc (IBP) is not a strong buy. The stock is trading at $185.44, significantly below the average analyst price target of $217, indicating potential upside. However, the RSI is at 31.128, suggesting the stock is oversold, but this could also indicate continued weakness. The forward P/E ratio is 17.79, which is reasonable, but the recent 30.66% year-to-date decline raises concerns about future performance. The main risk is the recent downgrade from Truist, which lowered its price target to $160, reflecting expectations of a weak housing market.

8 analysts cover IBP: 7 rate it Buy, 1 Hold and 0 Sell. The average price target is 245.57.