In a report released today, Kurt Yinger from D.A. Davidson maintained a Buy rating on Installed Building Products (IBP – Research Report). The company’s shares closed yesterday at $236.78.
Yinger covers the Industrials sector, focusing on stocks such as Louisiana-Pacific, Bluelinx Holdings, and Builders Firstsource. According to TipRanks, Yinger has an average return of 25.5% and a 77.11% success rate on recommended stocks.
In addition to D.A. Davidson, Installed Building Products also received a Buy from Seaport Global’s Kenneth Zener in a report issued today. However, on the same day, Truist Financial maintained a Hold rating on Installed Building Products (NYSE: IBP).
Based on Installed Building Products’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $706.47 million and a net profit of $67.99 million. In comparison, last year the company earned a revenue of $719.11 million and had a net profit of $60.98 million
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IBP in relation to earlier this year.
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Installed Building Products (IBP) Company Description:
Installed Building Products, Inc. engages in the business of installing insulation for the residential new construction market. Its products include garage doors, rain gutters, shower doors, closet shelving, and mirrors. The company was founded in 1977 and is headquartered in Columbus, OH.
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