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Installed Building Products price target lowered to $39 from $60 at Nomura Instinet » 07:30
04/06/20
04/06
07:30
04/06/20
07:30
IBP

Installed Building Products

$31.46 /

-2.85 (-8.31%)

Nomura Instinet analyst…

Nomura Instinet analyst Michael Wood lowered the firm's price target on Installed Building Products to $39 from $60 and keeps a Neutral rating on the shares. The analyst reduced estimates in the Buildings Products space after Nomura's March survey results showed early signs of demand fallout from the widespread shelter-in-place orders. This "first wave of problems was just felt this past week with more weakness to come," Wood tells investors in a research note.

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Benchmark upgrades Installed Building Products to Buy on valuation 'disconnect' » 07:00
04/06/20
04/06
07:00
04/06/20
07:00
IBP

Installed Building Products

$31.46 /

-2.85 (-8.31%)

As previously reported,…

As previously reported, Benchmark analyst Reuben Garner upgraded Installed Building Products to Buy from Hold with a $42 price target. The shares have been oversold based on his talks with industry participants and analysis of exposure to states most impacted by COVID-19 and with the stock at its lowest valuation on both an absolute basis and relative to its closest peer Garner "would take advantage of the disconnect," he tells investors.

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Installed Building Products upgraded to Buy from Hold at Benchmark » 06:25
04/06/20
04/06
06:25
04/06/20
06:25
IBP

Installed Building Products

$31.46 /

-2.85 (-8.31%)

Benchmark analyst Reuben…

Benchmark analyst Reuben Garner upgraded Installed Building Products to Buy from Hold with a $42 price target.

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Installed Building Products upgraded to Outperform from In Line at Evercore ISI » 06:18
04/02/20
04/02
06:18
04/02/20
06:18
IBP

Installed Building Products

$33.96 /

-6.01 (-15.04%)

Evercore ISI analyst…

Evercore ISI analyst Stephen kim upgraded Installed Building Products to Outperform from In Line with a $45 price target.

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Over a week ago
Conference/Events
Installed Building Products participates in a conference call with Benchmark » 10:25
03/25/20
03/25
10:25
03/25/20
10:25
IBP

Installed Building Products

$40.77 /

+1.77 (+4.54%)

Benchmark Research…

Benchmark Research Analyst Garner holds a conference call with President of External Affairs on March 25 at 11 am.

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Conference/Events
Installed Building Products participates in a conference call with Benchmark » 10:09
03/20/20
03/20
10:09
03/20/20
10:09
IBP

Installed Building Products

$36.10 /

+0.24 (+0.67%)

Benchmark Research…

Benchmark Research Analyst Garner holds a conference call with President of External Affairs on March 25 at 11 am.

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Over a month ago
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Installed Building Products upgraded to Buy from Hold at SunTrust » 06:56
03/04/20
03/04
06:56
03/04/20
06:56
IBP

Installed Building Products

$65.96 /

+1 (+1.54%)

SunTrust analyst Keith…

SunTrust analyst Keith Hughes upgraded Installed Building Products to Buy from Hold with a price target of $78, up from $71. The analyst cites a favorable housing environment with expectations of an enhanced homebuilding cycle, given that coronavirus fears pushed Treasury rates to all-time lows. Hughes also points to commentary from manufacturers suggesting that insulation pricing is gaining some traction while noting the stock's "attractive valuation" at 11.5-times enterprise value to his expected 2020 EBITDA.

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Installed Building Products upgraded to Buy from Hold at SunTrust » 06:27
03/04/20
03/04
06:27
03/04/20
06:27
IBP

Installed Building Products

$65.96 /

+1 (+1.54%)

SunTrust analyst Keith…

SunTrust analyst Keith Hughes upgraded Installed Building Products to Buy from Hold with a $78 price target.

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Hot Stocks
Installed Building Products acquires Royals Commercial Services » 16:15
03/02/20
03/02
16:15
03/02/20
16:15
IBP

Installed Building Products

$64.93 /

-0.68 (-1.04%)

Installed Building…

Installed Building Products announced the acquisition of Royals Commercial Services, Inc. Founded in 1990, Royals Commercial is headquartered in Millersville, Maryland and provides spray foam insulation and thermal barrier installation services primarily for commercial customers throughout Maryland, Pennsylvania, Virginia, Delaware, and New Jersey. "With approximately $10 million of annual revenue, Royals Commercial expands our presence in the greater Baltimore and mid-Atlantic markets," stated Jeff Edwards, Chairman and Chief Executive Officer. "The commercial installation market is large and fragmented and is an important focus of our growth strategy. In addition to Royals Commercial, we also completed the acquisition of a Chicago based shower, shelving and mirror installer, with annual revenue of approximately $1.1 million. Commercial end markets represented approximately 18% of our total revenue in 2019 and we believe we are well positioned to increase our exposure within this compelling market through organic and acquisition growth opportunities."

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Installed Building Products extends stock repurchase program to March 1, 2021 » 07:14
02/27/20
02/27
07:14
02/27/20
07:14
IBP

Installed Building Products

$69.78 /

-0.62 (-0.88%)

The company currently has…

The company currently has approximately $60M of remaining availability under its stock repurchase program. The board has approved an extension of the current program, which had been scheduled to expire on February 28 and now will remain in effect until March 1, 2021, unless extended by the board. The company did not make any repurchases under the program in 2019.

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