Foundation Building Materials, Inc. (FBM) Given “Hold” Rating at Robert W. Baird
Robert W. Baird restated their hold rating on shares of Foundation Building Materials, Inc. (NYSE:FBM) in a report released on Friday morning. They currently have a $16.00 price objective on the stock.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Foundation Building Materials from a hold rating to a sell rating in a report on Thursday, July 13th. Barclays PLC cut their target price on shares of Foundation Building Materials from $19.00 to $17.00 and set an overweight rating on the stock in a report on Friday, August 4th. Royal Bank Of Canada lifted their target price on shares of Foundation Building Materials from $15.00 to $17.00 and gave the company an outperform rating in a report on Wednesday. Finally, Deutsche Bank AG cut their target price on shares of Foundation Building Materials from $19.00 to $16.00 and set a buy rating on the stock in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Foundation Building Materials has an average rating of Buy and an average price target of $18.43.
Shares of Foundation Building Materials (FBM) traded up $0.07 during trading hours on Friday, hitting $13.95. 117,200 shares of the stock traded hands, compared to its average volume of 120,072. The company has a quick ratio of 1.76, a current ratio of 2.63 and a debt-to-equity ratio of 2.02. Foundation Building Materials has a twelve month low of $11.03 and a twelve month high of $17.91.
Foundation Building Materials (NYSE:FBM) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $535.40 million during the quarter, compared to the consensus estimate of $535.81 million. Foundation Building Materials had a negative net margin of 0.11% and a negative return on equity of 2.98%. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. equities research analysts forecast that Foundation Building Materials will post 0.22 EPS for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in FBM. American Century Companies Inc. increased its stake in Foundation Building Materials by 72.9% in the 2nd quarter. American Century Companies Inc. now owns 1,092,729 shares of the company’s stock valued at $14,052,000 after buying an additional 460,583 shares during the period. Paradigm Capital Management Inc. NY acquired a new position in Foundation Building Materials in the 3rd quarter valued at $5,178,000. Kennedy Capital Management Inc. acquired a new position in Foundation Building Materials in the 2nd quarter valued at $2,597,000. Citadel Advisors LLC increased its stake in Foundation Building Materials by 28.0% in the 3rd quarter. Citadel Advisors LLC now owns 578,666 shares of the company’s stock valued at $8,182,000 after buying an additional 126,474 shares during the period. Finally, Northern Trust Corp increased its stake in Foundation Building Materials by 326.0% in the 2nd quarter. Northern Trust Corp now owns 139,880 shares of the company’s stock valued at $1,798,000 after buying an additional 107,048 shares during the period. 91.44% of the stock is currently owned by institutional investors.
Foundation Building Materials Company Profile
Foundation Building Materials, Inc is a specialty distributor of wallboard and suspended ceiling systems in the United States and Canada. The Company’s segments include Specialty Building Products and Mechanical Insulation. The Company fabricates and distributes its products for specialty contractors seeking to improve or maintain energy efficiency in a range of commercial and industrial buildings.
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