Building Products/Durable Goods - Weekly Overview

Research evidence excerpt

Building Products/Durable Goods - Weekly Overview

Truist Securities

Equity Research Report May 11, 2026

INDUSTRIALS: Building Products/

Durable Goods Building Products/Durable Goods -

Weekly Overview

Our weekly overview provides a look at our Building Products/Durable Goods coverage Keith Hughes performance versus the S&P 500 in the prior week as well as valuation metrics for the

404-926-5032

Keith.Hughes@truist.com group.

Julian Nirmal Building Products Underperformed Last Week. The Truist Securities Building

404-836-4749 Products Index was down 3.5% versus the S&P which was up 2.3%. The strongest

Julian.Nirmal@truist.com performers were Mohawk (MHK, Buy) up 3.9%, Trex (TREX, Buy) up 3.6%, and Floor &

Decor (FND, Buy) up 2.3%. The weakest performers were Installed Building Products

12 Page Document (IBP, Hold) down 24.2%, Ferguson (FERG, Buy) down 8.7%, and Somnigroup (SGI,

Buy) down 8.3%.

Reasons for this report Recent Research:

• Building Products - Review of March Import Data for Mattresses, Ceramic Tile, Vinyl

✓ Sector Update Floors, and Cabinets

✓ Weekly valuation and performance recap • Building Products - Non-Resi Construction Down Slightly Y/Y in February, Up Slightly

for our coverage group Y/Y in March

• IBP - Stock Corrects as Pressure Felt in Results

• Manufacturers - Price Increases Announced for Wallboard

• Manufacturers - Second Round of Price Increases Coming for Residential Roofing

• Building Products Manufacturers - Price Increases Announced for Various Insulation

Products

• Building Products Manufacturers - Price Increases Coming for Decking, Railing, &

Exteriors Products

• FBIN - Guidance Lowered and Focus Remains on CEO Selection; PT to $45

• LEG - Results Weak But Focus Remains on SGI Deal