Elk Creek Partners LLC raised its stake in shares of Foundation Building Materials (NYSE:FBM) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 709,616 shares of the company’s stock after purchasing an additional 32,782 shares during the period. Elk Creek Partners LLC owned 1.66% of Foundation Building Materials worth $10,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its holdings in shares of Foundation Building Materials by 254.0% during the 1st quarter. Citigroup Inc. now owns 7,189 shares of the company’s stock valued at $107,000 after purchasing an additional 5,158 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Foundation Building Materials in the 4th quarter valued at about $134,000. Engineers Gate Manager LP bought a new position in shares of Foundation Building Materials in the 1st quarter valued at about $277,000. Acadian Asset Management LLC bought a new position in shares of Foundation Building Materials in the 4th quarter valued at about $294,000. Finally, Trexquant Investment LP bought a new position in shares of Foundation Building Materials in the 1st quarter valued at about $304,000. 92.70% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Foundation Building Materials from a “buy” rating to a “hold” rating in a report on Friday, March 9th. Deutsche Bank lowered their price target on shares of Foundation Building Materials from $18.00 to $17.00 and set a “buy” rating for the company in a report on Monday, April 9th. Barclays set a $18.00 price target on shares of Foundation Building Materials and gave the company a “buy” rating in a report on Thursday, May 10th. Raymond James raised shares of Foundation Building Materials from an “outperform” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Thursday, February 8th. Finally, UBS Group raised shares of Foundation Building Materials from an “outperform” rating to a “strong-buy” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.57.

Shares of Foundation Building Materials opened at $15.35 on Friday, according to Marketbeat. The company has a quick ratio of 1.65, a current ratio of 2.48 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $658.42 million, a price-to-earnings ratio of 49.52 and a beta of 0.34. Foundation Building Materials has a 1 year low of $11.03 and a 1 year high of $16.40.

Foundation Building Materials (NYSE:FBM) last announced its quarterly earnings data on Wednesday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. The business had revenue of $536.30 million during the quarter, compared to the consensus estimate of $533.99 million. Foundation Building Materials had a net margin of 3.66% and a return on equity of 3.74%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) earnings per share. sell-side analysts predict that Foundation Building Materials will post 0.56 earnings per share for the current fiscal year.

Foundation Building Materials Profile

Foundation Building Materials, Inc distributes building products in the United States and Canada. It operates through two segments, Specialty Building Products and Mechanical Insulation. The Specialty Building Products segment distributes wallboard, metal framing, suspended ceiling system, and other products.

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

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