L.B. Foster (NASDAQ:FSTR) Major Shareholder Aron English Sells 38,431 Shares

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 38,431 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $28.05, for a total transaction of $1,077,989.55. Following the completion of the transaction, the insider directly owned 1,027,255 shares of the company’s stock, valued at approximately $28,814,502.75. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

L.B. Foster Stock Down 0.0%

Shares of L.B. Foster stock opened at $27.99 on Friday. L.B. Foster Company has a 1-year low of $17.16 and a 1-year high of $32.63. The company has a market capitalization of $288.58 million, a PE ratio of 40.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.87 and a quick ratio of 1.15. The business has a 50-day moving average of $29.76 and a 200-day moving average of $28.16.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings results on Tuesday, March 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.44). L.B. Foster had a return on equity of 4.32% and a net margin of 1.40%.The business had revenue of $160.37 million during the quarter, compared to analyst estimates of $158.83 million. As a group, equities analysts forecast that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On L.B. Foster

Institutional investors have recently made changes to their positions in the company. Comerica Bank lifted its stake in 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 boosted its holdings in L.B. Foster by 189.5% in 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 bought a new stake in L.B. Foster during the second quarter valued at $122,000. BNP Paribas Financial Markets raised its holdings in shares of L.B. Foster by 469.1% during the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock worth $155,000 after purchasing an additional 4,752 shares during the period. Finally, Deutsche Bank AG acquired a new stake in shares of L.B. Foster during the fourth quarter worth $180,000. 80.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FSTR shares. B. Riley Financial raised their price target on shares of L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Zacks Research cut shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Wall Street Zen downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reissued 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, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, L.B. Foster currently has a consensus rating of “Hold” and a consensus price target of $32.00.

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.