Northern Trust Corp increased its position in Foundation Building Materials, Inc. (NYSE:FBM) by 326.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 139,880 shares of the company’s stock after purchasing an additional 107,048 shares during the period. Northern Trust Corp owned 0.33% of Foundation Building Materials worth $1,798,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FBM. Rhumbline Advisers purchased a new stake in shares of Foundation Building Materials in the 2nd quarter valued at about $175,000. New York State Common Retirement Fund purchased a new stake in shares of Foundation Building Materials in the 2nd quarter valued at about $177,000. Stevens Capital Management LP purchased a new stake in shares of Foundation Building Materials in the 2nd quarter valued at about $180,000. Alliancebernstein L.P. purchased a new stake in shares of Foundation Building Materials in the 2nd quarter valued at about $208,000. Finally, Bank of America Corp DE purchased a new stake in shares of Foundation Building Materials in the 1st quarter valued at about $258,000. 95.02% of the stock is owned by institutional investors and hedge funds.

Shares of Foundation Building Materials, Inc. (NYSE FBM) traded up $0.05 during mid-day trading on Friday, reaching $15.26. The company had a trading volume of 91,274 shares, compared to its average volume of 109,066. 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 quick ratio of 1.82 and a current ratio of 2.63.

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

Several equities analysts recently issued reports on the company. Royal Bank Of Canada dropped their price target on Foundation Building Materials from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Barclays dropped their price target on Foundation Building Materials from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Deutsche Bank dropped their price target on Foundation Building Materials from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Foundation Building Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, Robert W. Baird restated a “hold” rating and issued a $15.00 price target on shares of Foundation Building Materials in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.43.

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Foundation Building Materials 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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