L.B. Foster (NASDAQ:FSTR) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

L.B. Foster Company (NASDAQ:FSTR)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.42 and traded as high as $28.32. L.B. Foster shares last traded at $27.82, with a volume of 13,097 shares traded.

Analysts Set New Price Targets

FSTR has been the subject of a number of research analyst reports. Singular Research upgraded shares of L.B. Foster to a “moderate buy” rating in a research note 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 22nd. Finally, Zacks Research raised L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.00.

L.B. Foster Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.21 and a current ratio of 2.21. The stock has a market cap of $289.05 million, a P/E ratio of 61.82 and a beta of 1.00. The business’s 50-day moving average price is $27.17 and its 200-day moving average price is $25.42.

L.B. Foster (NASDAQ:FSTR) last released its 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). L.B. Foster had a net margin of 0.96% and a return on equity of 2.79%. The company had revenue of $138.29 million for the quarter, compared to analysts’ expectations of $154.38 million. As a group, sell-side analysts expect that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Brian H. Kelly sold 10,000 shares of L.B. Foster stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $27.15, for a total transaction of $271,500.00. Following the transaction, the chief executive officer directly owned 79,027 shares of the company’s stock, valued at $2,145,583.05. The trade was a 11.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Aron R. English sold 34,025 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $26.79, for a total transaction of $911,529.75. Following the completion of the sale, the insider directly owned 1,204,558 shares of the company’s stock, valued at $32,270,108.82. This represents a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 132,075 shares of company stock worth $3,561,116 in the last ninety days. Corporate insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FSTR. First Horizon Advisors Inc. boosted its holdings in L.B. Foster by 250.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock worth $29,000 after buying an additional 963 shares during the period. Comerica Bank lifted its position in shares of L.B. Foster by 356.7% in 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 worth $47,000 after acquiring an additional 1,395 shares during the period. State of Wyoming purchased a new stake in shares of L.B. Foster during the second quarter worth about $122,000. Finally, BNP Paribas Financial Markets raised its stake in L.B. Foster by 469.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 4,752 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

L.B. Foster Company Profile

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.