Foundation Building Materials, Inc. (NYSE:FBM) has received a consensus rating of “Buy” from the ten research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $19.86.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Foundation Building Materials from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank Of Canada reiterated a “buy” rating and set a $20.00 price target on shares of Foundation Building Materials in a research note on Monday, April 10th.

In other Foundation Building Materials news, CFO John Gorey acquired 10,000 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were bought at an average cost of $14.49 per share, for a total transaction of $144,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ruben Mendoza acquired 14,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was acquired at an average price of $13.98 per share, for a total transaction of $195,720.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 56,528 shares of company stock worth $846,016 over the last quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in Foundation Building Materials during the first quarter worth approximately $2,385,000. Wells Fargo & Company MN acquired a new position in Foundation Building Materials during the first quarter worth approximately $261,000. Kornitzer Capital Management Inc. KS acquired a new position in Foundation Building Materials during the first quarter worth approximately $1,773,000. American Century Companies Inc. acquired a new position in Foundation Building Materials during the first quarter worth approximately $10,095,000. Finally, Boston Partners acquired a new position in Foundation Building Materials during the first quarter worth approximately $9,242,000. Institutional investors own 92.85% of the company’s stock.

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Shares of Foundation Building Materials (NYSE:FBM) traded up 0.33% during trading on Monday, hitting $12.26. The stock had a trading volume of 74,425 shares. Foundation Building Materials has a one year low of $11.22 and a one year high of $17.91. The stock’s market cap is $525.52 million. The stock’s 50 day moving average price is $14.11 and its 200-day moving average price is $15.38.

About Foundation Building Materials

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.

Analyst Recommendations for Foundation Building Materials (NYSE:FBM)

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