Installed Building Products announces $51.5 million share repurchase agreement

Installed Building Products, Inc. (NYSE:IBP), currently trading near its 52-week high of $275.76 and commanding a market capitalization of $7.3 billion, disclosed Tuesday that it entered into a share repurchase agreement as part of its previously announced stock buyback program. According to a statement filed with the Securities and Exchange Commission, the company agreed to purchase 200,000 shares of its common stock in a privately negotiated transaction with PJAM IBP Holdings, Inc., an entity controlled by Chief Executive Officer Jeff Edwards and his family.

The repurchase price per share is $257.38, which reflects a 3% discount to the last reported sales price of the company’s common stock on Monday. The total transaction value is $51,476,000 and will be funded from the company’s cash on hand.

The agreement was approved by the company’s Board of Directors and Audit Committee. Installed Building Products stated that the details of the transaction are outlined in the share repurchase agreement filed as an exhibit to the 8-K report.

The information in this article is based on a press release statement included in the company’s SEC filing.

In other recent news, Installed Building Products reported its second-quarter earnings for 2025, significantly exceeding analysts’ expectations. The company achieved an earnings per share of $2.95, surpassing the projected $2.42, which represents a 21.9% increase. Revenues also outperformed forecasts, reaching $760.3 million compared to the anticipated $714.07 million. Following this strong earnings report, DA Davidson downgraded Installed Building Products from Buy to Neutral, despite raising the price target to $252.00, citing the stock’s approximately 20% rise since the earnings release. RBC Capital also adjusted its outlook, increasing the price target to $184.00 from $145.00, while maintaining an Underperform rating. RBC noted the company’s robust performance amidst broader single-family housing challenges, attributing success to private builder and regional mix advantages. These developments reflect a complex landscape for Installed Building Products, with analysts offering varied perspectives on its future trajectory.

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