Bubble or no bubble, this is the best stock for AI exposure: analyst
Installed Building Products, Inc. (NYSE:IBP) entered into a share repurchase agreement Monday to buy back 150,000 shares of its common stock from PJAM IBP Holdings, Inc., an entity beneficially owned by CEO Jeff Edwards. The transaction is part of the company’s previously announced stock buyback program.
According to a statement in the company’s Securities and Exchange Commission filing, the shares will be purchased in a privately negotiated transaction at a price per share equal to $250.96, the last reported sales price of the company’s stock on Friday, November 21, less a 3% discount. The total purchase price amounts to $37,643,760 and will be funded with cash on hand.
The repurchase agreement was approved by the company’s board of directors and audit committee. The filing noted that the transaction is qualified in its entirety by reference to the full text of the share repurchase agreement, which was included as an exhibit to the SEC filing.
Installed Building Products is incorporated in Delaware and is headquartered in Columbus, Ohio. The company’s common stock is listed on the New York Stock Exchange under the ticker symbol IBP.
This information is based on a statement included in the company’s filing with the Securities and Exchange Commission.
In other recent news, Installed Building Products has reported its third-quarter earnings for 2025, surpassing analyst expectations. The company achieved an adjusted earnings per share (EPS) of $3.18, which exceeded the forecasted $2.73. Revenue for the quarter was $778 million, also surpassing the anticipated $752.5 million. Evercore ISI responded to these strong earnings by raising its price target for the company to $265.00 from $240.00, maintaining an "In Line" rating. The company’s residential same-branch growth saw a decline of 2.8% year-over-year, which was better than the expected 3.4% drop.
Wells Fargo initiated coverage on Installed Building Products with an Equal Weight rating and set a price target of $275.00. The firm noted the company’s strong management and attractive roll-up dynamics. These developments highlight the company’s performance and the positive outlook from analysts.
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