What smart money is saying about Installed Building Products
3 funds in our archive have pitched Installed Building Products, most recently Tributary Capital Management Small/Mid Cap Equity Strategy in June 2026.
Installed Building Products, Inc. (IBP) is a leading U.S. firm specializing in the provision and installation of a wide range of construction materials for both residential and commercial developers. The company's operations are divided into three core segments: Installation, Distribution, and Manufacturing. IBP's primary business involves the installation of various insulation types, including fiberglass, cellulose, and spray foam materials. These are applied to different structural components such as basements, crawl spaces, building envelopes, attics, and for soundproofing applications. Beyond insulation, the company offers an extensive suite of additional installation services. This includes applying caulk and sealant products to improve air infiltration control, fitting a spectrum of sliding doors from standard to custom designs, and installing custom mirrors along with closet shelving systems. Furthermore, IBP provides installation and servicing for garage doors and their openers, covering diverse materials like steel, aluminum, wood, and vinyl. Its expertise also extends to comprehensive waterproofing and moisture protection systems, deploying solutions such as sheet and hot-applied membranes, deck coatings, bentonite, and air/vapor barriers. The company also handles rain gutter installations. For safety, it implements fire-stopping systems, encompassing fire-rated joint assemblies, perimeter fire containment, and smoke/fire containment solutions. Completing its service portfolio, IBP offers installation for cordless blinds, shades, and shutters, among other complementary building products. In addition to its installation services, IBP operates as a distributor, supplying wholesale building products and materials sourced from manufacturers. This distribution arm focuses on various insulation products, including spray foam, metal building, residential, and mechanical/fabricated Styrofoam insulation, alongside related equipment, machinery, and support services. Founded in 1977, the company was formerly known as CCIB Holdco, Inc. and is headquartered in Columbus, Ohio.
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Fund signal · last 12 months
5 lettersToo few moves on Installed Building Products yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q2 2026, 6 fund letters reported a position in Installed Building Products, with 1 buy (opened or added) and 3 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 0 | 0 | 1 |
| Q1 2026 | 2 | 0 | 2 | 0 |
| Q4 2025 | 1 | 0 | 1 | 0 |
| Q3 2025 | 1 | 1 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 6 positions · 4 moves
- June 2026
“In May, we had a single day in which one of our holdings, AAON, Inc., reported strong earnings and saw its stock rise 31%, while another holding, Installed Building Products (IBP), reported mildly disappointing earnings and lost 28% of its value.”
Installed Building Products - June 2026
“Planet Fitness, Inc., Installed Building Products, Inc., and Bright Horizons Family Solutions, Inc. fell after reporting soft earnings.”
Installed Building Products - March 2026
“In addition to these two changes, we had some small trims and additions to existing positions. We trimmed Installed Building Products during the quarter after CEO Jeff Edwards announced the sale of a portion of his holdings after a big run-up in the stock price.”
Installed Building Products - ExitedKNA CapitalFebruary 2026
“These purchases were funded in part by cash on hand, but also from trimming the Strategy’s position in Ecolab and fully exiting the position in Installed Building Products.”
Installed Building Products - December 2025
“We also exited six positions: Avidity Biosciences (which was acquired by Novartis), Installed Building Products, Glaukos, Biohaven, Qualys and Duolingo.”
Installed Building Products - September 2025
“Installed Building Products (IBP), the second-largest insulation installer in the US, manages the full installation process—from material procurement to scheduling, logistics, multi-phase installation and inspection. We believe IBP is entering a strong profit cycle, supported by rising new home completions, geographic expansion and increased revenue per project through cross-selling complementary products. We moved IBP to the CropSM prior to its earnings announcement, reflecting growing confidence that the worst of the residential market headwinds may be behind it. In our view, this shift allows both company-specific and industry-wide growth drivers to emerge more clearly. We added to the position again following the company’s quarterly results, as residential performance began to improve and new commercial market opportunities emerged—developments we believe will help extend the profit cycle.”
Installed Building Products
Fund coverage · 3 theses
Installed Building Products has scale, pricing power, margin preservation and growth upside from housing recovery and acquisitions.
Read the full thesis- Artisan US Small Cap Growth StrategySeptember 2025
Installed Building Products (IBP) is poised for a strong profit cycle due to rising new home completions, geographic expansion, and improved project revenues.
Read the full thesis - Giverny CapitalDecember 2024
Installed Building Products is a profitable insulation installation company that leverages bulk purchasing discounts and expands its service offerings to homebuilders
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