One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.

But what if you had the insights to effectively evaluate a company like Installed Building Products Inc before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell Installed Building Products Inc’s stock is to have the right tools and resources as well as a clear monitoring process.

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

• Current stock price and volume
• Stock price history
• Upgrades and downgrades from analysts
• 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 rise, 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. Its building products include 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. The Company manages all aspects of the installation process for its customers from direct purchase and receipt of materials from national manufacturers to its supply of materials to job sites and installation. It also serves the greater Charlotte, North Carolina and Myrtle Beach, South Carolina markets, installing fiberglass insulation, spray foam insulation, and gutters into new residential projects. It offers its portfolio of services for residential and commercial building projects in all 48 continental states and the District of Columbia from its national network of over 220 branch locations.

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

As of February 22, 2023, 4:00 PM CST, Installed Building Products Inc’s stock price was $111.83.

Installed Building Products Inc is up 7.33% from its previous closing price of $104.19.

During the last market session, Installed Building Products Inc’s stock traded between $103.36 and $108.11. Currently, there are 28.48 million shares of Installed Building Products Inc stock available for purchase.

Installed Building Products Inc’s price-earnings (P/E) ratio is currently at 16.4, which is low compared to the Construction & Engineering industry median of 20.7. 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 up 1.58% so far this month.

During the month of February, Installed Building Products Inc’s stock price has reached a high of $118.26 and a low of $103.36.

Over the last year, Installed Building Products Inc has hit prices as high as $118.26 and as low as $69.45. Year to date, Installed Building Products Inc’s stock is down 19.96%.

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

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?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of February 21, 2023,, no analysts have changed their rating of Installed Building Products Inc’s stock over the last month.

Additionally, you'll want to evaluate Installed Building Products Inc’s financial health and valuation. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

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

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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 addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.

As of February 21, 2023, Installed Building Products Inc has a weighted four-quarter relative price strength of 8.09%, which translates to a Momentum Score of 83 and is considered to be Very Strong.

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Installed Building Products Inc Stock Price: Bottom Line

As of February 22, 2023, Installed Building Products Inc’s stock price is $111.83, which is up 7.33% from its previous closing price.

At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell Installed Building Products Inc’s stock based on its stock price forecast is ultimately up to you.

It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.

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