| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 720.7MM | +2% |
| Gross Profit | 245.7MM | +1% |
| Cost Of Revenue | 475MM | +2% |
| Operating Income | 97.6MM | -5% |
| Operating Expenses | 148.1MM | - |
| Net Income | 64.8MM | -5% |
| G&A | 103MM | +6% |
| Amortization | 10.8MM | -2% |
| Interest Expense | 7.8MM | -20% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Shares of homebuilders and building products firms are tumbling after the Census Bureau's tally of housing starts showed a big decline in March. Housing starts fell 14.7% from February to a seasonally adjusted annual rate of 1.47 million, a bad sign heading into the spring building season that suggests mortgage rates' recent climb toward 7% is taking a toll on demand. It has been a sharp reversal for shares of homebuilders and companies that manufacture and distribute building products.
Zacks.com users have recently been watching Installed Building Products (IBP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the most recent trading session, Installed Building Products (IBP) closed at $255.84, indicating a -0.94% shift from the previous trading day.
Here is how Dycom Industries (DY) and Installed Building Products (IBP) have performed compared to their sector so far this year.
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Construction employment continues to boom, adding 39,000 jobs last month and 270,000 since March 2023, according to Labor Department data. When the Fed began hiking interest rates about two years ago, the central bank was searching for the magic number that would cool the red-hot housing market. The highest borrowing costs in decades prevented homeowners locked into cheap loans from moving and forced a lot of house hunters into new construction.
Does Installed Building Products (IBP) have what it takes to be a top stock pick for momentum investors? Let's find out.
Improving inflation and stable interest rates are likely to contribute to the construction sector going forward.
Installed Building Products (IBP) possesses solid growth attributes, which could help it handily outperform the market.
COLUMBUS, Ohio, March 28, 2024--Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully closed its previously announced new 7-year $500 million term loan (the "New Term Loan").