Foundation Building Materials Inc (NYSE:FBM) major shareholder John P. Grayken sold 712,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $18.13, for a total transaction of $12,917,625.00. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of FBM opened at $18.27 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.38 and a debt-to-equity ratio of 1.74. The firm has a market cap of $779.41 million, a PE ratio of 52.20, a price-to-earnings-growth ratio of 0.38 and a beta of 1.44. The company’s 50 day simple moving average is $16.91 and its 200-day simple moving average is $15.93. Foundation Building Materials Inc has a 12-month low of $7.62 and a 12-month high of $19.74.
Foundation Building Materials (NYSE:FBM) last announced its earnings results on Monday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The business had revenue of $559.91 million for the quarter, compared to analyst estimates of $574.68 million. Foundation Building Materials had a net margin of 0.08% and a return on equity of 9.30%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. As a group, equities research analysts forecast that Foundation Building Materials Inc will post 0.85 EPS for the current fiscal year.
A number of analysts have weighed in on the stock. ValuEngine raised shares of Foundation Building Materials from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Evercore ISI upgraded shares of Foundation Building Materials from an “in-line” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Wednesday. Bank of America initiated coverage on shares of Foundation Building Materials in a research report on Friday, October 11th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Foundation Building Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $15.80.
Foundation Building Materials Company Profile
Foundation Building Materials, Inc distributes building products in the United States and Canada. It offers wallboard, suspended ceiling system, and metal framing products. The company also provides complementary and other products, tools, and accessories, such as wallboard accessories, stucco and finishing systems, safety accessories, fasteners, insulations, doors, and roofing products.
Recommended Story: Range Trading
Receive News & Ratings for Foundation Building Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foundation Building Materials and related companies with MarketBeat.com's FREE daily email newsletter.