Strs Ohio Has $540,000 Stake in Foundation Building Materials Inc (FBM)

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Strs Ohio increased its stake in shares of Foundation Building Materials Inc (NYSE:FBM) by 25.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 65,100 shares of the company’s stock after purchasing an additional 13,000 shares during the quarter. Strs Ohio’s holdings in Foundation Building Materials were worth $540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in shares of Foundation Building Materials by 81.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 101,592 shares of the company’s stock valued at $1,563,000 after purchasing an additional 45,714 shares during the last quarter. Northern Trust Corp increased its position in shares of Foundation Building Materials by 8.1% during the 2nd quarter. Northern Trust Corp now owns 174,258 shares of the company’s stock valued at $2,681,000 after purchasing an additional 13,109 shares during the last quarter. American Century Companies Inc. increased its position in shares of Foundation Building Materials by 47.5% during the 3rd quarter. American Century Companies Inc. now owns 1,854,254 shares of the company’s stock valued at $23,123,000 after purchasing an additional 597,531 shares during the last quarter. Bridgeway Capital Management Inc. increased its position in shares of Foundation Building Materials by 150.0% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 200,000 shares of the company’s stock valued at $2,494,000 after purchasing an additional 120,000 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Foundation Building Materials by 552.3% during the 3rd quarter. Clearbridge Investments LLC now owns 1,219,735 shares of the company’s stock valued at $15,210,000 after purchasing an additional 1,032,755 shares during the last quarter. 92.00% of the stock is currently owned by hedge funds and other institutional investors.

Foundation Building Materials stock traded down $0.21 during mid-day trading on Monday, hitting $8.74. The company’s stock had a trading volume of 34,140 shares, compared to its average volume of 49,675. The company has a quick ratio of 2.19, a current ratio of 2.86 and a debt-to-equity ratio of 2.14. Foundation Building Materials Inc has a one year low of $7.62 and a one year high of $16.32. The company has a market capitalization of $374.90 million, a PE ratio of 29.13 and a beta of 1.41.

Several research firms have recently weighed in on FBM. Zacks Investment Research downgraded Foundation Building Materials from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. ValuEngine downgraded Foundation Building Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Credit Suisse Group assumed coverage on Foundation Building Materials in a research report on Friday, January 11th. They issued a “neutral” rating and a $9.00 price objective on the stock. Finally, Barclays set a $11.00 price objective on Foundation Building Materials and gave the company a “buy” rating in a research report on Wednesday, December 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Foundation Building Materials currently has a consensus rating of “Hold” and an average target price of $14.60.

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Foundation Building Materials Company 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.

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

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