Summary: ON SALE
Score: 17/20
MOS: 66%
Share Price: $69
Sticker Price: $207
Is Installed Building Products a good buy?
Here is a company most of you have probably never heard of… Installed Building Products. Founded in 1977 and based out of Columbus, OH. A very simple business model built around quality and excellent customer service. Installed Building Products is an installation contractor with over 7,000 employees at more than 175 locations throughout the U.S.
They serve both residential and commercial and they generate revenue from the sale of products as well as the installation of those products. They specifically sell and install garage doors, closet shelving, shower doors, mirrors, fireplaces, window blinds, and door locks.
In June they mentioned they will be acquiring Nationwide Gutter which will add an estimated $5.2M annual revenue.
The current residential and commercial construction and renovation markets are not slowing down. COVID-19 caused this stock to go ON SALE even more. This stock is definitely worth a look.
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