Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Installed Building Products Inc before investing.

In this article, we go over a few key elements for understanding Installed Building Products Inc’s stock price such as:

• Installed Building Products Inc’s current stock price and volume
• Why Installed Building Products Inc’s stock price changed recently
• Upgrades and downgrades for IBP from analysts
• IBP’s stock price momentum as measured by its relative strength

About Installed Building Products Inc (IBP)

Before we jump into Installed Building Products Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Installed Building Products, Inc. is a residential insulation installer and a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. It operates through three segments: Installation, Distribution and Manufacturing. Installation segment is engaged in the installation of various products in the residential new construction, repair and remodel and commercial construction end markets. Distribution segment sells insulation, gutters and accessories primarily to installers of these products who operate in multiple end markets. Manufacturing segment consists of its cellulose insulation manufacturing operations. It offers a portfolio of services from a national network of 250 branch locations serving all 48 continental states and the District of Columbia.

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Installed Building Products Inc’s Stock Price as of Market Close

As of June 20, 2024, 4:00 PM, CST, Installed Building Products Inc’s stock price was $198.93.

Installed Building Products Inc is down 5.64% from its previous closing price of $210.83.

During the last market session, Installed Building Products Inc’s stock traded between $209.28 and $214.69. Currently, there are 28.17 million shares of Installed Building Products Inc stock available for purchase.

Installed Building Products Inc’s price-earnings (P/E) ratio is currently at 23.9, which is low compared to the Construction & Engineering industry median of 26.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Installed Building Products Inc Stock Price History

Installed Building Products Inc’s (IBP) price is currently down 6.09% so far this month.

During the month of June, Installed Building Products Inc’s stock price has reached a high of $224.74 and a low of $195.99.

Over the last year, Installed Building Products Inc has hit prices as high as $263.76 and as low as $106.02. Year to date, Installed Building Products Inc’s stock is up 132.39%.

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What Caused Installed Building Products Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 18, 2024, there were 5 analysts who downgraded Installed Building Products Inc’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Installed Building Products Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Installed Building Products Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Installed Building Products Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Installed Building Products Inc (IBP) by visiting AAII Stock Evaluator.

Relative Price Strength of Installed Building Products Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 18, 2024, Installed Building Products Inc has a weighted four-quarter relative price strength of 3.59%, which translates to a Momentum Score of 82 and is considered to be Very Strong.

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Installed Building Products Inc Stock Price: Bottom Line

As of June 20, 2024, Installed Building Products Inc’s stock price is $198.93, which is down 5.64% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Installed Building Products Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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