Installed Building Products Inc (NYSE: IBP) has reported E.P.S. of $2.32 for its second fiscal quarter (ending June 30) versus $2.19 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $9.01 versus $8.51 for the same period a year ago.
Recent Price Action
Installed Building Products Inc (NYSE: IBP) stock closed at $235.89 on 8/1/24 after a major decline of -12.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 221% of normal. The stock has declined -2.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, IBP is expected to continue to be a major Value Builder.
Installed Building Products has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Installed Building Products has a neutral Appreciation Score of 47 but a very high Power Rating of 97, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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