Separately, B. Riley increased their target price on L.B. Foster from $14.00 to $18.00 and gave the company a neutral rating in a research report on Tuesday, August 15th.
L.B. Foster Stock Down 0.4 %
Institutional Trading of L.B. Foster
An institutional investor recently raised its position in L.B. Foster stock. Systematic Financial Management LP increased its stake in L.B. Foster (NASDAQ:FSTR – Free Report) by 31.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,005 shares of the basic materials company’s stock after buying an additional 24,182 shares during the quarter. Systematic Financial Management LP owned about 0.93% of L.B. Foster worth $987,000 as of its most recent SEC filing. 75.53% of the stock is owned by hedge funds and other institutional investors.
L.B. Foster Company Profile
L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects worldwide. The company's Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes and anchors, bolts, angle bars, tie plates, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and manufactures insulated rail joints and related accessories.
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