Installed Building Products (IBP)
Installs insulation and complementary building products through locally managed branches nationwide.
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Installs insulation, waterproofing, garage doors, gutters, fire-protection systems, and interior finish products for U.S. residential and commercial builders. Most revenue comes from installation through locally managed branches, supplemented by regional distribution and manufacturing operations.
Installs insulation and complementary building products for single-family, multifamily, repair-and-remodel, and commercial construction customers across the continental United States. Services include waterproofing, fire-stopping and fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, and mirrors.
Runs the work through a national network of locally managed branches that buys most installation materials directly from manufacturers and handles scheduling, logistics, installation, inspection, and waste management. Regional distribution businesses sell insulation and gutter supplies, while manufacturing operations produce cellulose insulation and specialty industrial fibers.
Generates most revenue from service-based installation, with insulation the largest product category and acquisitions extending markets and services. Results depend on residential construction activity, a qualified installer workforce, timely branch execution, building-code compliance, and a concentrated group of major fiberglass suppliers.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Stifel Nicolaus | Target | Target: — | Target: $240 |
| Sep 11, 2026 | Wells Fargo | Reiterate | Rating: —Target: $355 | Target: $240 |
| Aug 10, 2026 | DA Davidson | Reiterate | Rating: —Target: — | Target: $250 |
| Aug 7, 2026 | Evercore ISI | Target | Target: $226 | Target: $246 |
| May 11, 2026 | RBC Capital | Target | Target: $228 | Target: $242 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $394.5M · Total debt $1.20B · Total assets $2.25B · Shareholders' equity $639.5M
- Revenue
- $777.8M
- Operating income
- $94.6M
- Net income
- $64.9M
HistoryDividendAnnual yield
| Institutions | 99.52% | 26.45M shares | |
|---|---|---|---|
| 439 holders · as of Jun 30, 2026 | |||
| Insiders | 13.96% | 3.71M shares | |
| 13 holders · as of Sep 11, 2026 | |||
| Adds to | 113.48% | ||
26.58M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 113.48%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.27% | 4.59M | as of Jun 30, 2026 |
Jeffrey W. Edwards1,2Insiderdirector, 10 percent owner, officer: President, CEO and Chairman | 13.21% | 3.90M | filed Sep 11, 2026 |
Kayne Anderson Rudnick Investment Management LLCInstitution | 6.93% | 1.84M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.26% | 1.40M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.61% | 1.23M | as of Jun 30, 2026 |
- Jeffrey W. Edwards's transaction reports restate only vehicles that traded; the 2026 ownership statement (3.90M) less the 389.9K net shares sold since is used instead.
- Jeffrey W. Edwards reports a block also reported by Kayne Anderson Rudnick Investment Management LLC; it is counted once, under Kayne Anderson Rudnick Investment Management LLC.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Janet E. Jackson | director | −1,086 | $237.06 |
| Jun 11, 2026 | Michael Thomas Miller | director, officer: Executive VP & CFO | +990 | $200.62 |
| May 11, 2026 | Brad A. Wheeler | officer: Chief Operating Officer | +716 | $209.13 |
| May 11, 2026 | Michael Thomas Miller | director, officer: Executive VP & CFO | +2,400 | $207.82 |
| May 11, 2026 | Jason R. Niswonger | officer: Chief Admin. & Sustainability | +455 | $214.80 |
- Builders FirstSource
Builder-channel overlap in installed services and specialty products
- QXO
Public distributor in roofing, waterproofing and related products
- Home Depot
Pro distribution and retail outlet pressure through SRS and GMS
- Lowe's
Installed-sales and Pro-channel overlap after FBM and ADG
- Owens Corning
Insulation and adjacent building-products manufacturer channel peer
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Installed Building Products | $212.00 | −0.04% | $5.45B | 21.8 | 19.5 | 1.8 | +2.3% |
| Builders FirstSource | $60.30 | −0.95% | $6.30B | 64.3 | 16.9 | 0.4 | −8.8% |
| QXO | $12.80 | +0.12% | $12.66B | — | 27.0 | 1.3 | +70.3% |
| Home Depot | $305.50 | +0.02% | $296.34B | 20.8 | 19.8 | 1.8 | +5.7% |
| Lowe's | $196.20 | +0.04% | $107.12B | 16.1 | 15.7 | 1.2 | +8.3% |
| Owens Corning | $126.66 | −0.03% | $9.79B | — | 11.5 | 1.0 | +0.3% |
| Median | 20.8 | 16.9 | 1.2 | +5.7% |