NYSE:FBMFoundation Building Materials Stock Price, Forecast & News

Foundation Building Materials' stock was trading at $14.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FBM stock has increased by 10.0% and is now trading at $15.96.
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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."
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Foundation Building Materials is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
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Foundation Building Materials Inc (NYSE:FBM) announced its quarterly earnings data on Monday, August, 3rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.08 by $0.19. The firm had revenue of $486.09 million for the quarter, compared to analyst estimates of $489.97 million. Foundation Building Materials had a net margin of 2.22% and a return on equity of 11.28%. The business's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS.
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7 analysts have issued 1 year target prices for Foundation Building Materials' shares. Their forecasts range from $15.00 to $20.00. On average, they expect Foundation Building Materials' stock price to reach $17.57 in the next twelve months. This suggests a possible upside of 10.1% from the stock's current price.
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News headlines about FBM stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Foundation Building Materials earned a news impact score of -1.5 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an effect on the company's share price in the next several days.
View the latest news about Foundation Building Materials.

Foundation Building Materials saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,530,000 shares, an increase of 13.3% from the April 15th total of 1,350,000 shares. Based on an average daily trading volume, of 402,400 shares, the short-interest ratio is presently 3.8 days. Approximately 6.8% of the company's stock are sold short.
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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).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Foundation Building Materials investors own include Honeywell International (HON), General Electric (GE), Procter & Gamble (PG), Verizon Communications (VZ), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Cisco Systems (CSCO), Home Depot (HD), Alibaba Group (BABA) and CVS Health (CVS).

(FBM) raised $230 million in an initial public offering (IPO) on Friday, February 10th 2017. The company issued 12,800,000 shares at a price of $17.00-$19.00 per share. Deutsche Bank Securities, Barclays, RBC Capital Markets, Citigroup and Baird served 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.71%), Bank of Montreal Can (1.42%), Goldman Sachs Group Inc. (1.27%), Federated Hermes Inc. (1.21%), Prudential Financial Inc. (0.56%) and Bank of New York Mellon Corp (0.49%). Company insiders that own Foundation Building Materials stock include James R Carpenter and John P Grayken.
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FBM stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Vanguard Group Inc., Goldman Sachs Group Inc., APG Asset Management N.V., Bessemer Group Inc., Globeflex Capital L P, Bank of America Corp DE, and Man Group plc.
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FBM stock was purchased by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Prudential Financial Inc., Bank of Montreal Can, Teacher Retirement System of Texas, Baird Financial Group Inc., Principal Financial Group Inc., Assenagon Asset Management S.A., and SG Americas Securities LLC.
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 $15.96.

Foundation Building Materials has a market capitalization of $689.57 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]