L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells $361,986.48 in Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 13,512 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $26.79, for a total value of $361,986.48. Following the sale, the insider owned 1,191,046 shares of the company’s stock, valued at approximately $31,908,122.34. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

L.B. Foster Stock Down 0.2%

Shares of NASDAQ FSTR opened at $26.70 on Monday. The stock has a market capitalization of $277.41 million, a P/E ratio of 59.33 and a beta of 1.00. The stock’s fifty day moving average is $26.73 and its 200 day moving average is $24.71. L.B. Foster Company has a 52 week low of $17.16 and a 52 week high of $29.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.21 and a current ratio of 2.21.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings data 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). L.B. Foster had a return on equity of 2.79% and a net margin of 0.96%.The firm had revenue of $138.29 million for the quarter, compared to the consensus estimate of $154.38 million. Sell-side analysts forecast that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FSTR has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of L.B. Foster in a research report on Monday, December 8th. 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 L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Singular Research upgraded L.B. Foster to a “moderate buy” rating in a research report on Monday, November 17th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, L.B. Foster currently has a consensus rating of “Hold” and an average price target of $25.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. First Trust Advisors LP increased its stake in shares of L.B. Foster by 1.5% in the second quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company’s stock valued at $701,000 after buying an additional 461 shares during the period. Rhumbline Advisers grew its holdings in L.B. Foster by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 525 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in L.B. Foster by 250.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 963 shares during the last quarter. Comerica Bank increased its position in L.B. Foster by 356.7% in the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,145 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of L.B. Foster by 189.5% during 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. 80.63% of the stock is currently owned by institutional investors.

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.