L.B. Foster (NASDAQ:FSTR) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of L.B. Foster (NASDAQ:FSTR) from a buy rating to a strong-buy rating in a report issued on Friday morning.

Separately, B. Riley raised their target price on L.B. Foster from $17.00 to $23.00 and gave the stock a neutral rating in a research report on Wednesday, March 6th.

L.B. Foster Stock Up 0.9 %

FSTR stock opened at $24.31 on Friday. The company has a 50-day moving average of $24.82 and a two-hundred day moving average of $22.59. L.B. Foster has a 52-week low of $10.41 and a 52-week high of $27.93. The stock has a market capitalization of $266.68 million, a price-to-earnings ratio of 187.01 and a beta of 0.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 0.99.

L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Tuesday, March 5th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $134.88 million for the quarter, compared to the consensus estimate of $127.65 million. L.B. Foster had a return on equity of 2.18% and a net margin of 0.27%. During the same period last year, the firm posted $0.03 EPS. As a group, equities research analysts anticipate that L.B. Foster will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in L.B. Foster stock. EAM Investors LLC purchased a new stake in shares of L.B. Foster (NASDAQ:FSTR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 94,529 shares of the basic materials company’s stock, valued at approximately $1,788,000. EAM Investors LLC owned about 0.85% of L.B. Foster at the end of the most recent reporting period. 80.63% of the stock is currently owned by institutional investors and hedge funds.

About L.B. Foster

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.