Foundation Building Materials Stock Forecast, Price & News

Foundation Building Materials' stock was trading at $14.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FBM stock has increased by 32.7% and is now trading at $19.25.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foundation Building Materials in the last year. There are currently 2 sell ratings, 5 hold ratings and 1 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, February 22nd 2021.
View our earnings forecast for Foundation Building Materials.

Foundation Building Materials, Inc. (NYSE:FBM) issued its earnings results on Saturday, November, 7th. The company reported $0.31 EPS for the quarter, topping the Zacks' consensus estimate of $0.27 by $0.04. The business earned $521.30 million during the quarter, compared to analysts' expectations of $532.57 million. Foundation Building Materials had a net margin of 2.22% and a return on equity of 10.74%. The firm's revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share.
View Foundation Building Materials' earnings history.

Foundation Building Materials issued an update on its FY20 earnings guidance on Monday, November, 2nd. The company provided earnings per share (EPS) guidance of $0.90-1.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.95. The company issued revenue guidance of $2.01-2.03 billion, compared to the consensus revenue estimate of $2.05 billion.

8 analysts have issued twelve-month price targets for Foundation Building Materials' stock. Their forecasts range from $15.00 to $20.00. On average, they anticipate Foundation Building Materials' stock price to reach $17.71 in the next year. This suggests that the stock has a possible downside of 8.0%.
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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), Huttig Building Products (HBP) and SG Blocks (SGBX).
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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), The Procter & Gamble (PG), Verizon Communications (VZ), Cisco Systems (CSCO), The Home Depot (HD), Alibaba Group (BABA), CVS Health (CVS), Intel (INTC) and Johnson & Johnson (JNJ).

(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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.94%), Acadian Asset Management LLC (1.54%), State Street Corp (1.45%), Arrowstreet Capital Limited Partnership (0.75%), Principal Financial Group Inc. (0.49%) and Sei Investments Co. (0.48%). 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 Cadence Capital Management LLC, Dalton Greiner Hartman Maher & Co., AQR Capital Management LLC, Raymond James & Associates, Alberta Investment Management Corp, Bowling Portfolio Management LLC, New York State Common Retirement Fund, and Boston Partners.
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FBM stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Arrowstreet Capital Limited Partnership, Great West Life Assurance Co. Can, Los Angeles Capital Management & Equity Research Inc., Sei Investments Co., Jackson Creek Investment Advisors LLC, Principal Financial Group Inc., and Public Sector Pension Investment Board.
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 $19.25.

Foundation Building Materials has a market capitalization of $831.73 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]