NYSE:FBMFoundation Building Materials Stock Price, Forecast & News

Foundation Building Materials' stock was trading at $14.51 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FBM shares have increased by 2.3% and is now trading at $14.85. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foundation Building Materials in the last year. There are currently 2 sell ratings, 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Foundation Building Materials.

Foundation Building Materials is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Foundation Building Materials.

Foundation Building Materials Inc (NYSE:FBM) released its quarterly earnings data on Monday, May, 11th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.13 by $0.09. The company earned $524.26 million during the quarter, compared to analysts' expectations of $519.49 million. Foundation Building Materials had a return on equity of 12.82% and a net margin of 2.36%. Foundation Building Materials's revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. View Foundation Building Materials' earnings history.

Foundation Building Materials updated its first quarter 2020 Pre-Market earnings guidance on Wednesday, April, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $520-525 million, compared to the consensus revenue estimate of $526.46 million.

7 brokers have issued 1-year price targets for Foundation Building Materials' shares. Their forecasts range from $10.00 to $20.00. On average, they expect Foundation Building Materials' share price to reach $16.57 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price. View analysts' price targets for Foundation Building Materials.

Headlines about FBM stock have been trending positive on Thursday, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Foundation Building Materials earned a news sentiment score of 2.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutFoundation Building Materials.

Foundation Building Materials saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,530,000 shares, an increase of 13.3% from the April 30th total of 1,350,000 shares. Based on an average daily trading volume, of 402,400 shares, the days-to-cover ratio is presently 3.8 days. Approximately 6.8% of the company's shares are sold short. View Foundation Building Materials' Current Options Chain.

Some companies that are related to Foundation Building Materials include Beacon Roofing Supply (BECN), Boise Cascade (BCC), GMS (GMS), Aspen Aerogels (ASPN) and Huttig Building Products (HBP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Foundation Building Materials investors own include General Electric (GE), Honeywell International (HON), Verizon Communications (VZ), Cisco Systems (CSCO), Procter & Gamble (PG), Home Depot (HD), AT&T (T), Alibaba Group (BABA), CVS Health (CVS) and Altria Group (MO).

(FBM) raised $230 million in an IPO on Friday, February 10th 2017. The company issued 12,800,000 shares at $17.00-$19.00 per share. Deutsche Bank Securities, Barclays, RBC Capital Markets, Citigroup and Baird acted as the underwriters for the IPO and Raymond James, Stephens, SunTrust Robinson Humphrey and William Blair were co-managers.

Foundation Building Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBM."

Foundation Building Materials' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.05%), Clearbridge Investments LLC (1.97%), Nuveen Asset Management LLC (1.69%), Acadian Asset Management LLC (1.57%), State Street Corp (1.40%) and Federated Hermes Inc. (0.70%). Company insiders that own Foundation Building Materials stock include James R Carpenter and John P Grayken. View institutional ownership trends for Foundation Building Materials.

FBM stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Deutsche Bank AG, Scopus Asset Management L.P., APG Asset Management N.V., APG Asset Management N.V., Nuveen Asset Management LLC, Squarepoint Ops LLC, and AJO LP. View insider buying and selling activity for Foundation Building Materials.

FBM stock was acquired by a variety of institutional investors in the last quarter, including UBS Group AG, State Street Corp, Martingale Asset Management L P, Bessemer Group Inc., Seizert Capital Partners LLC, Geode Capital Management LLC, BlackRock Inc., and Victory Capital Management Inc.. View insider buying and selling activity for Foundation Building Materials.

Shares of FBM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of FBM stock can currently be purchased for approximately $14.85.

Foundation Building Materials has a market capitalization of $641.56 million and generates $2.15 billion in revenue each year. The company earns $40.24 million in net income (profit) each year or $0.97 on an earnings per share basis. Foundation Building Materials employs 3,500 workers across the globe.

The official website for Foundation Building Materials is www.fbmsales.com.

Foundation Building Materials' mailing address is 2520 RED HILL AVENUE, SANTA ANA CA, 92705. The company can be reached via phone at 714-380-3127 or via email at [email protected]