Atria Investments Inc Sells 3,381 Shares of L.B. Foster Company $FSTR

Atria Investments Inc lowered its position in shares of L.B. Foster Company (NASDAQ:FSTR) by 19.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,391 shares of the basic materials company’s stock after selling 3,381 shares during the period. Atria Investments Inc owned about 0.14% of L.B. Foster worth $315,000 at the end of the most recent quarter.

Separately, Janney Montgomery Scott LLC bought a new position in L.B. Foster in the second quarter worth about $489,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

L.B. Foster Trading Down 0.4%

Shares of FSTR opened at $26.77 on Thursday. L.B. Foster Company has a 12-month low of $17.16 and a 12-month high of $29.77. The firm has a market capitalization of $278.22 million, a P/E ratio of 8.06 and a beta of 0.97. The firm has a 50-day moving average price of $26.93 and a 200 day moving average price of $23.53. 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 (NASDAQ:FSTR) last posted its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.21). The firm had revenue of $138.29 million during the quarter, compared to analysts’ expectations of $154.38 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. Sell-side analysts forecast that L.B. Foster Company will post 1.16 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on FSTR shares. Wall Street Zen raised L.B. Foster from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Zacks Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of L.B. Foster in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Insider Transactions at L.B. Foster

In other L.B. Foster news, CEO Brian H. Kelly sold 10,000 shares of L.B. Foster stock in a transaction on Friday, November 7th. The stock was sold at an average price of $27.15, for a total value of $271,500.00. Following the sale, the chief executive officer owned 79,027 shares in the company, valued at $2,145,583.05. The trade was a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.70% of the stock is currently owned by company insiders.

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.