L.B. Foster (NASDAQ:FSTR) Stock Price Expected to Rise, B. Riley Financial Analyst Says

L.B. Foster (NASDAQ:FSTR) had its target price raised by equities researchers at B. Riley Financial from $27.00 to $32.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the basic materials company’s stock. B. Riley Financial’s price objective would indicate a potential upside of 8.47% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of L.B. Foster in a research report on Monday, December 29th. Wall Street Zen upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Zacks Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Singular Research raised L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.00.

L.B. Foster Stock Performance

Shares of FSTR opened at $29.50 on Wednesday. The business has a 50-day simple moving average of $29.85 and a two-hundred day simple moving average of $27.80. The company has a quick ratio of 1.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.33. L.B. Foster has a 52 week low of $17.16 and a 52 week high of $32.63. The stock has a market cap of $306.59 million, a price-to-earnings ratio of 42.75 and a beta of 0.99.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Tuesday, March 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.44). The company had revenue of $160.37 million for the quarter, compared to the consensus estimate of $158.83 million. L.B. Foster had a net margin of 1.40% and a return on equity of 4.33%. On average, analysts expect that L.B. Foster will post 1.16 EPS for the current year.

Insider Buying and Selling at L.B. Foster

In other news, major shareholder Aron R. English sold 34,025 shares of L.B. Foster stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $26.79, for a total value of $911,529.75. Following the sale, the insider directly owned 1,204,558 shares of the company’s stock, valued at approximately $32,270,108.82. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 73,350 shares of company stock worth $1,970,953 in the last ninety days. Company insiders own 4.70% of the company’s stock.

Institutional Trading of L.B. Foster

A number of large investors have recently added to or reduced their stakes in FSTR. Bragg Financial Advisors Inc boosted its position in shares of L.B. Foster by 0.4% during the 4th quarter. Bragg Financial Advisors Inc now owns 113,765 shares of the basic materials company’s stock valued at $3,066,000 after acquiring an additional 416 shares during the last quarter. First Trust Advisors LP raised its stake in L.B. Foster by 1.5% during the second quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company’s stock valued at $701,000 after purchasing an additional 461 shares in the last quarter. Rhumbline Advisers raised its stake in L.B. Foster by 5.7% during the second quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock valued at $211,000 after purchasing an additional 525 shares in the last quarter. First Horizon Advisors Inc. lifted its position in 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 purchasing an additional 963 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of L.B. Foster by 356.7% in the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after buying an additional 1,145 shares in the last quarter. 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.