L.B. Foster (NASDAQ:FSTR) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

L.B. Foster Company (NASDAQ:FSTR) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.74 and traded as high as $27.81. L.B. Foster shares last traded at $27.62, with a volume of 25,903 shares.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FSTR. Wall Street Zen upgraded L.B. Foster from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of L.B. Foster in a research note on Monday, December 29th. Zacks Research downgraded shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Finally, Singular Research raised shares of L.B. Foster to a “moderate buy” rating in a research report on Monday, November 17th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, L.B. Foster has an average rating of “Hold” and an average target price of $25.00.

L.B. Foster Price Performance

The company has a market cap of $286.97 million, a PE ratio of 61.38 and a beta of 1.00. The business has a 50 day moving average of $27.22 and a 200 day moving average of $25.74. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.21 and a quick ratio of 1.21.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data on Monday, November 3rd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts predict that L.B. Foster Company will post 1.16 EPS for the current year.

Insider Transactions at L.B. Foster

In other L.B. Foster news, CEO Brian H. Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $27.15, for a total transaction of $271,500.00. Following the completion of the transaction, the chief executive officer owned 79,027 shares of the company’s stock, valued at approximately $2,145,583.05. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Aron R. English sold 34,025 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $26.79, for a total transaction of $911,529.75. Following the sale, the insider directly owned 1,204,558 shares in the company, valued at $32,270,108.82. The trade was a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 132,075 shares of company stock valued at $3,561,116. 4.70% of the stock is owned by insiders.

Institutional Trading of L.B. Foster

Hedge funds have recently made changes to their positions in the stock. Brandes Investment Partners LP increased its holdings in shares of L.B. Foster by 17.1% during the second quarter. Brandes Investment Partners LP now owns 1,179,015 shares of the basic materials company’s stock valued at $25,785,000 after acquiring an additional 172,492 shares in the last quarter. Marion Wealth Management purchased a new stake in L.B. Foster during the 2nd quarter valued at about $210,000. Janney Montgomery Scott LLC purchased a new position in L.B. Foster in the second quarter worth about $489,000. Envestnet Asset Management Inc. lifted its stake in shares of L.B. Foster by 29.3% in the second quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company’s stock worth $292,000 after buying an additional 3,030 shares in the last quarter. Finally, Minerva Advisors LLC grew its holdings in shares of L.B. Foster by 5.2% during the second quarter. Minerva Advisors LLC now owns 83,965 shares of the basic materials company’s stock valued at $1,831,000 after buying an additional 4,167 shares during the last quarter. 80.63% of the stock is owned by institutional investors.

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.