Professional
Added to YB: 2024-08-02
Pitch date: 2024-06-30
IBP [neutral]
Installed Building Products, Inc.
+34.41%
current return
Author Info
No bio for this author
Company Info
Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation for residential and commercial builders in the United States.
Market Cap
$4.8B
Pitch Price
$202.72
Price Target
N/A
Dividend
1.84%
EV/EBITDA
10.14
P/E
19.04
EV/Sales
1.85
Sector
Household Durables
Category
value
Forager International Shares Fund Portfolio Holding: Installed Building Products, Inc.
IBP: Market-leading insulation installer grew revenue 5% in 2024 vs flat estimates. M&A strategy adds value via improved buying power & cost reduction. Thesis playing out, but share price doubled, reducing value. Fund reduced position, may add on weakness. Cyclical but high-quality business with volatile stock price offers trading opportunities.
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