L.B. Foster (NASDAQ:FSTR) Cut to “Buy” at Wall Street Zen

L.B. Foster (NASDAQ:FSTR) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

A number of other equities analysts also recently issued reports on FSTR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 29th. Zacks Research cut shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a report 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.00.

L.B. Foster Stock Performance

NASDAQ:FSTR opened at $30.05 on Friday. The firm has a market capitalization of $312.31 million, a PE ratio of 66.78 and a beta of 1.00. The business’s fifty day moving average price is $27.98 and its 200 day moving average price is $26.46. 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 has a 12 month low of $17.16 and a 12 month high of $30.32.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data on Monday, November 3rd. The basic materials company reported $0.40 earnings per share (EPS) 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 business had revenue of $138.29 million for the quarter, compared to analyst estimates of $154.38 million. On average, sell-side analysts anticipate that L.B. Foster will post 1.16 earnings per share for the current fiscal year.

Insider Activity at L.B. Foster

In other news, major shareholder Aron R. English sold 13,512 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $26.79, for a total transaction of $361,986.48. Following the completion of the sale, the insider owned 1,191,046 shares in the company, valued at approximately $31,908,122.34. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 132,075 shares of company stock valued at $3,561,116 over the last three months. 4.70% of the stock is currently owned by corporate insiders.

Institutional Trading of L.B. Foster

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its position 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 period. Comerica Bank raised its stake in shares of L.B. Foster by 356.7% during the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,145 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 worth $47,000 after purchasing an additional 1,395 shares during the period. State of Wyoming acquired a new stake in shares of L.B. Foster during the second quarter worth $122,000. Finally, BNP Paribas Financial Markets grew its position in L.B. Foster by 469.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after buying an additional 4,752 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other 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.