DA Davidson Reiterates Buy Rating on Installed Building Products (IBP)

DA Davidson analyst Kurt Yinger reiterated a Buy rating and $225.00 price target on Installed Building Products (NYSE: IBP).

The analyst commented, "Exiting 1Q25 results we are maintaining our BUY rating and $225 PT. Results were a bit light on the bottom-line due to higher operating expenses, but sales remained resilient, declining just 1% y/y and 4% y/y on an organic basis. Looking forward, while we expect some moderation in profitability/margins in 2025 alongside known residential demand softness, performance overall we believe will be quite stable relative to that of other building product/distributor peers. Capital deployment optionality remains and we view current valuation at 9x-10x EBITDA forecasts as compelling."

For an analyst ratings summary and ratings history on Installed Building Products click here. For more ratings news on Installed Building Products click here.

Shares of Installed Building Products closed at $162.67 yesterday.

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