Aron English Sells 78,414 Shares of L.B. Foster (NASDAQ:FSTR) Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 78,414 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $28.51, for a total transaction of $2,235,583.14. Following the transaction, the insider owned 1,107,508 shares of the company’s stock, valued at approximately $31,575,053.08. The trade was a 6.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

L.B. Foster Trading Down 0.1%

NASDAQ:FSTR opened at $28.02 on Friday. L.B. Foster Company has a 52 week low of $17.16 and a 52 week high of $32.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.15 and a current ratio of 1.87. The firm’s fifty day moving average is $29.87 and its 200-day moving average is $28.13. The firm has a market cap of $288.89 million, a P/E ratio of 40.61 and a beta of 0.99.

L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Tuesday, March 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.44). The firm had revenue of $160.37 million for the quarter, compared to the consensus estimate of $158.83 million. L.B. Foster had a return on equity of 4.32% and a net margin of 1.40%. Equities analysts expect that L.B. Foster Company will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FSTR shares. Weiss Ratings reissued a “hold (c-)” rating on shares of L.B. Foster in a research note on Monday, December 29th. Zacks Research cut L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. B. Riley Financial lifted their target price on L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen lowered L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.00.

Hedge Funds Weigh In On L.B. Foster

A number of large investors have recently modified their holdings of the company. Teton Advisors LLC bought a new stake in L.B. Foster during the 3rd quarter valued at $3,767,000. Brandes Investment Partners LP lifted its stake in shares of L.B. Foster by 17.1% in 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 buying an additional 172,492 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of L.B. Foster during the third quarter valued at about $738,000. 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. Finally, Envestnet Asset Management Inc. increased its position in shares of L.B. Foster by 29.3% during the second quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company’s stock worth $292,000 after acquiring an additional 3,030 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

About L.B. Foster

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.