L.B. Foster (NASDAQ:FSTR) Shares Pass Above 200-Day Moving Average – Here’s Why

L.B. Foster Company (NASDAQ:FSTR) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.97 and traded as high as $29.24. L.B. Foster shares last traded at $28.35, with a volume of 43,175 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Singular Research raised shares of L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. Wall Street Zen upgraded shares of L.B. Foster from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of L.B. Foster in a research note on Monday, December 8th. Finally, Zacks Research upgraded L.B. Foster from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, L.B. Foster has a consensus rating of “Hold” and an average target price of $25.00.

L.B. Foster Trading Down 1.5%

The company has a quick ratio of 1.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $26.98 and its 200-day moving average is $24.97. The company has a market cap of $294.56 million, a PE ratio of 63.00 and a beta of 1.00.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data on Monday, November 3rd. The basic materials company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $138.29 million during the quarter, compared to analysts’ expectations of $154.38 million. As a group, sell-side analysts anticipate that L.B. Foster Company will post 1.16 EPS for the current year.

Insiders Place Their Bets

In other L.B. Foster news, major shareholder Aron R. English sold 13,512 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $26.79, for a total transaction of $361,986.48. Following the sale, the insider directly owned 1,191,046 shares in the company, valued at $31,908,122.34. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 132,075 shares of company stock worth $3,561,116 over the last quarter. Insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On L.B. Foster

A number of institutional investors and hedge funds have recently modified their holdings of FSTR. Qube Research & Technologies Ltd raised its holdings in L.B. Foster by 20.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 38,757 shares of the basic materials company’s stock valued at $1,045,000 after buying an additional 6,571 shares during the period. Ancora Advisors LLC purchased a new position in L.B. Foster during the third quarter worth $409,000. Bridgeway Capital Management LLC increased its position in L.B. Foster by 13.6% during the third quarter. Bridgeway Capital Management LLC now owns 58,249 shares of the basic materials company’s stock valued at $1,570,000 after acquiring an additional 6,964 shares during the last quarter. Comerica Bank increased its position in L.B. Foster by 356.7% during the third 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 last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of L.B. Foster by 469.1% in the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 4,752 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

About L.B. Foster

L.B. Foster Company is a diversified infrastructure solutions provider offering products and services to the transportation, energy, and construction markets. Founded in 1902 and headquartered in Pittsburgh, Pennsylvania, the company has built a reputation for delivering specialty materials and engineering solutions that support critical infrastructure projects across various industries.

The company’s operations are organized into three primary segments: Rail Products & Services, Construction Products, and Tubular & Energy Products.