Strs Ohio acquired a new position in shares of Foundation Building Materials, Inc. (NYSE:FBM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,700 shares of the company’s stock, valued at approximately $165,000.

A number of other large investors also recently bought and sold shares of the business. California State Teachers Retirement System acquired a new position in Foundation Building Materials during the second quarter worth $296,000. The Manufacturers Life Insurance Company acquired a new position in Foundation Building Materials during the second quarter worth $143,000. Cubist Systematic Strategies LLC raised its position in Foundation Building Materials by 9.2% during the second quarter. Cubist Systematic Strategies LLC now owns 20,223 shares of the company’s stock worth $260,000 after acquiring an additional 1,710 shares during the period. State Street Corp raised its position in Foundation Building Materials by 102.0% during the second quarter. State Street Corp now owns 209,487 shares of the company’s stock worth $2,692,000 after acquiring an additional 105,772 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new position in Foundation Building Materials during the second quarter worth $129,000. Institutional investors own 91.44% of the company’s stock.

A number of equities analysts have weighed in on the stock. 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 report on Wednesday, August 9th. Robert W. Baird reiterated a “hold” rating and issued a $16.00 target price on shares of Foundation Building Materials in a research report on Friday. Royal Bank Of Canada reiterated a “buy” rating and issued a $15.00 target price on shares of Foundation Building Materials in a research report on Wednesday, September 6th. Zacks Investment Research cut shares of Foundation Building Materials from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Finally, Barclays PLC reduced their target price on shares of Foundation Building Materials from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $18.43.

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Shares of Foundation Building Materials, Inc. (FBM) opened at $13.95 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.76 and a current ratio of 2.63. Foundation Building Materials, Inc. has a 12-month low of $11.03 and a 12-month high of $17.91.

Foundation Building Materials (NYSE:FBM) last issued its earnings results on Tuesday, November 7th. The company reported $0.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.08. The business had revenue of $535.40 million during the quarter, compared to analysts’ expectations of $535.81 million. Foundation Building Materials had a negative net margin of 0.11% and a negative return on equity of 2.98%. Foundation Building Materials’s revenue for the quarter was up 28.8% compared to the same quarter last year. sell-side analysts forecast that Foundation Building Materials, Inc. will post 0.22 EPS for the current fiscal year.

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

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