FBM has been the subject of a number of other research reports. Robert W. Baird reaffirmed a hold rating and set a $16.00 target price on shares of Foundation Building Materials in a report on Friday, November 10th. Royal Bank of Canada reaffirmed a buy rating and set a $15.00 target price on shares of Foundation Building Materials in a report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Foundation Building Materials from a strong sell rating to a hold rating in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Foundation Building Materials presently has a consensus rating of Buy and an average target price of $18.71.
Foundation Building Materials (NYSE:FBM) traded down $0.05 during trading hours on Friday, reaching $15.95. 43,900 shares of the company’s stock were exchanged, compared to its average volume of 118,522. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.63 and a quick ratio of 1.82. The firm has a market capitalization of $683.70 and a PE ratio of -132.92. Foundation Building Materials has a 52 week low of $11.03 and a 52 week high of $17.91.
Institutional investors and hedge funds have recently modified their holdings of the company. Virtu KCG Holdings LLC acquired a new stake in shares of Foundation Building Materials during the second quarter worth about $129,000. The Manufacturers Life Insurance Company acquired a new stake in Foundation Building Materials in the second quarter valued at approximately $143,000. Strs Ohio acquired a new stake in Foundation Building Materials in the third quarter valued at approximately $165,000. Rhumbline Advisers acquired a new stake in Foundation Building Materials in the second quarter valued at approximately $175,000. Finally, New York State Common Retirement Fund acquired a new stake in Foundation Building Materials in the second quarter valued at approximately $177,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.
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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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