Assenagon Asset Management S.A. Sells 1,023 Shares of L.B. Foster Company $FSTR

Assenagon Asset Management S.A. decreased its stake in shares of L.B. Foster Company (NASDAQ:FSTRFree Report) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,632 shares of the basic materials company’s stock after selling 1,023 shares during the period. Assenagon Asset Management S.A. owned about 0.17% of L.B. Foster worth $386,000 at the end of the most recent quarter.

L.B. Foster Stock Up 3.1%

FSTR stock opened at $27.54 on Monday. The stock’s fifty day simple moving average is $24.99 and its two-hundred day simple moving average is $21.94. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. L.B. Foster Company has a 1-year low of $17.16 and a 1-year high of $29.77. The stock has a market cap of $291.92 million, a P/E ratio of 8.30 and a beta of 0.99.

L.B. Foster (NASDAQ:FSTRGet Free Report) last issued its earnings results on Monday, August 11th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.25). The firm had revenue of $143.56 million during the quarter, compared to the consensus estimate of $147.76 million. L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. L.B. Foster has set its FY 2025 guidance at EPS. Analysts expect that L.B. Foster Company will post 1.16 EPS for the current year.

Analyst Ratings Changes

FSTR has been the topic of several analyst reports. Wall Street Zen raised L.B. Foster from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Zacks Research cut L.B. Foster from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $25.00.

Get Our Latest Research Report on L.B. Foster

L.B. Foster Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for L.B. Foster (NASDAQ:FSTR)

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