L.B. Foster (NASDAQ:FSTR) Rating Increased to Buy at Wall Street Zen

L.B. Foster (NASDAQ:FSTR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Zacks Research downgraded L.B. Foster from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, L.B. Foster has an average rating of “Reduce” and a consensus target price of $25.00.

L.B. Foster Trading Up 0.1%

Shares of NASDAQ FSTR opened at $27.43 on Friday. The firm has a 50 day moving average price of $24.25 and a two-hundred day moving average price of $21.63. The stock has a market cap of $290.76 million, a P/E ratio of 8.26 and a beta of 0.99. L.B. Foster has a 52-week low of $17.16 and a 52-week high of $29.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 2.53.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data on Monday, August 11th. The basic materials company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.25). The business had revenue of $143.56 million during the quarter, compared to the consensus estimate of $147.76 million. L.B. Foster had a return on equity of 3.64% and a net margin of 7.19%. L.B. Foster has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that L.B. Foster will post 1.16 EPS for the current year.

Hedge Funds Weigh In On L.B. Foster

Several hedge funds have recently modified their holdings of FSTR. First Horizon Advisors Inc. grew its position in L.B. Foster by 250.1% during the second quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock valued at $29,000 after buying an additional 963 shares during the period. Tower Research Capital LLC TRC boosted its stake in L.B. Foster by 189.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 1,395 shares during the last quarter. State of Wyoming bought a new position in shares of L.B. Foster during the 2nd quarter valued at approximately $122,000. BNP Paribas Financial Markets increased its stake in shares of L.B. Foster by 197.2% during the 4th quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 4,225 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of L.B. Foster in the 2nd quarter worth approximately $201,000. Institutional investors own 80.63% of the company’s stock.

L.B. Foster Company Profile

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.