L.B. Foster (NASDAQ:FSTR) Upgraded at Zacks Research

Zacks Research upgraded shares of L.B. Foster (NASDAQ:FSTR) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

A number of other equities analysts have also commented on FSTR. Singular Research raised L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. Wall Street Zen downgraded L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of L.B. Foster in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.00.

L.B. Foster Trading Down 1.6%

FSTR opened at $30.85 on Monday. The company has a market cap of $320.53 million, a P/E ratio of 68.56 and a beta of 1.01. The company has a fifty day moving average price of $28.24 and a two-hundred day moving average price of $26.64. The company has a current ratio of 2.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.33. L.B. Foster has a 1-year low of $17.16 and a 1-year high of $31.60.

L.B. Foster (NASDAQ:FSTR) last issued its earnings results 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 net margin of 0.96% and a return on equity of 2.79%. The firm had revenue of $138.29 million during the quarter, compared to the consensus estimate of $154.38 million. Analysts predict that L.B. Foster will post 1.16 EPS for the current fiscal 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 completion of the transaction, the insider owned 1,191,046 shares of the company’s stock, valued at $31,908,122.34. This represents a 1.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 132,075 shares of company stock worth $3,561,116. Corporate insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On L.B. Foster

Several large investors have recently made changes to their positions in FSTR. Janney Montgomery Scott LLC purchased a new stake in L.B. Foster during the 2nd quarter valued at 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. Marion Wealth Management purchased a new stake in shares of L.B. Foster during the second quarter valued at approximately $210,000. First Horizon Advisors Inc. increased its position in shares of L.B. Foster by 250.1% during the second quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 963 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of L.B. Foster by 7.4% during the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock valued at $5,207,000 after acquiring an additional 16,320 shares in the last quarter. 80.63% of the stock is currently 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.