Will Installed Building Products (IBP) Benefit from the Improvement in the Residential Market?

3 days ago 5

Soumya Eswaran

Tue, November 18, 2025 astatine 6:27 AM CST 3 min read

Artisan Partners, an concern absorption company, released its “Artisan Small Cap Fund” third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. Global equities proceed to rally successful the 3rd quarter, the play with double-digit YTD gains. Major US indices similar Russell 1000®, Russell Midcap®, and Russell 2000® reached grounds highs successful the period. In the quarter, the fund’s Investor Class money ARTSX returned 8.69%, Advisor Class money APDSX posted a instrumentality of 8.75%, and Institutional Class money APHSX returned 8.73%, compared to a instrumentality of 12.19% for the Russell 2000 Growth Index. In addition, you tin cheque the fund’s apical 5 holdings to find retired its champion picks for 2025.

In its third-quarter 2025 capitalist letter, Artisan Small Cap Fund highlighted stocks specified arsenic Installed Building Products, Inc. (NYSE:IBP). Installed Building Products, Inc. (NYSE:IBP) engages successful the installation of insulation, waterproofing, fire-stopping, fireproofing, store doors, rainfall gutters, model blinds, ablution doors, closet shelving and mirrors, and different products. The one-month instrumentality of Installed Building Products, Inc. (NYSE:IBP) was -8.20%, and its shares gained 18.29% of their worth implicit the past 52 weeks. On November 17, 2025, Installed Building Products, Inc. (NYSE:IBP) banal closed astatine $244.76 per share, with a marketplace capitalization of $6.639 billion.

Artisan Small Cap Fund stated the pursuing regarding Installed Building Products, Inc. (NYSE:IBP) successful its 3rd 4th 2025 capitalist letter:

"We besides added to Loar Holdings, Installed Building Products, Inc. (NYSE:IBP) and Madrigal Pharmaceuticals during the quarter. Installed Building Products (IBP), the second-largest insulation installer successful the US, manages the afloat installation process—from worldly procurement to scheduling, logistics, multi-phase installation and inspection. We judge IBP is entering a beardown nett cycle, supported by rising caller location completions, geographic expansion, and accrued gross per task done cross-selling complementary products. We moved IBP to the CropSM anterior to its net announcement, reflecting increasing assurance that the worst of the residential marketplace headwinds whitethorn beryllium down it. In our view, this displacement allows some company-specific and industry-wide maturation drivers to look much clearly. We added to the presumption again pursuing the company’s quarterly results, arsenic residential show began to amended and caller commercialized marketplace opportunities emerged—developments we judge volition assistance widen the nett cycle."