Paradigm Capital Management Inc. NY bought a new position in Foundation Building Materials, Inc. (NYSE:FBM) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 366,200 shares of the company’s stock, valued at approximately $5,178,000. Paradigm Capital Management Inc. NY owned 0.85% of Foundation Building Materials as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Foundation Building Materials by 15.0% during the third quarter. American Century Companies Inc. now owns 1,256,424 shares of the company’s stock valued at $17,766,000 after acquiring an additional 163,695 shares during the period. Elk Creek Partners LLC grew its position in Foundation Building Materials by 22.4% in the second quarter. Elk Creek Partners LLC now owns 536,802 shares of the company’s stock worth $6,903,000 after acquiring an additional 98,186 shares in the last quarter. KRV Capital LP lifted its stake in Foundation Building Materials by 16.8% in the second quarter. KRV Capital LP now owns 372,835 shares of the company’s stock worth $4,795,000 after purchasing an additional 53,543 shares during the last quarter. Vanguard Group Inc. lifted its stake in Foundation Building Materials by 9.3% in the second quarter. Vanguard Group Inc. now owns 244,518 shares of the company’s stock worth $3,145,000 after purchasing an additional 20,750 shares during the last quarter. Finally, State Street Corp lifted its stake in Foundation Building Materials by 102.0% in the second quarter. State Street Corp now owns 209,487 shares of the company’s stock worth $2,692,000 after purchasing an additional 105,772 shares during the last quarter. 91.44% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on FBM shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $15.00 price target on shares of Foundation Building Materials in a research note on Wednesday, September 6th. Deutsche Bank AG reduced their price objective on shares of Foundation Building Materials from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Foundation Building Materials from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Barclays PLC dropped their price objective 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. Finally, Robert W. Baird reissued a “hold” rating and set a $15.00 price objective on shares of Foundation Building Materials in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $18.43.

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Foundation Building Materials, Inc. (NYSE:FBM) traded up $0.07 during trading hours on Friday, hitting $13.95. 117,200 shares of the company were exchanged, compared to its average volume of 120,072. Foundation Building Materials, Inc. has a 1 year low of $11.03 and a 1 year high of $17.91. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.63 and a quick ratio of 1.76.

Foundation Building Materials (NYSE:FBM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Foundation Building Materials had a negative net margin of 0.11% and a negative return on equity of 2.98%. The firm had revenue of $535.40 million for the quarter, compared to analyst estimates of $535.81 million. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. equities analysts forecast that Foundation Building Materials, Inc. will post 0.22 EPS for the current year.

About Foundation Building Materials

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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Institutional Ownership by Quarter for Foundation Building Materials (NYSE:FBM)

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