L.B. Foster (NASDAQ:FSTR) Upgraded at Wall Street Zen

L.B. Foster (NASDAQ:FSTR) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other research firms have also recently weighed in on FSTR. Zacks Research raised L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of L.B. Foster in a research report on Monday, December 29th. Finally, Singular Research raised shares of L.B. Foster to a “moderate buy” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.00.

L.B. Foster Stock Up 0.5%

FSTR opened at $31.63 on Friday. The firm has a market capitalization of $328.64 million, a P/E ratio of 70.29 and a beta of 1.01. L.B. Foster has a one year low of $17.16 and a one year high of $32.63. The company has a fifty day moving average price of $28.90 and a 200-day moving average price of $27.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.21 and a quick ratio of 1.21.

Insider Activity at L.B. Foster

In related news, major shareholder Aron R. English sold 34,025 shares of L.B. Foster stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $26.79, for a total value of $911,529.75. Following the transaction, the insider owned 1,204,558 shares in the company, valued at $32,270,108.82. This trade represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 107,298 shares of company stock worth $2,883,327 over the last quarter. Company insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Brandes Investment Partners LP lifted its stake in shares of L.B. Foster by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,360,415 shares of the basic materials company’s stock valued at $36,663,000 after acquiring an additional 20,371 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of L.B. Foster by 2.0% during the second quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company’s stock valued at $20,782,000 after purchasing an additional 18,272 shares during the period. Geode Capital Management LLC grew its holdings in shares of L.B. Foster by 7.4% in the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock worth $5,207,000 after purchasing an additional 16,320 shares during the last quarter. State Street Corp increased its stake in shares of L.B. Foster by 2.4% in the fourth quarter. State Street Corp now owns 145,647 shares of the basic materials company’s stock worth $3,925,000 after buying an additional 3,349 shares during the period. Finally, Teton Advisors LLC bought a new stake in L.B. Foster during the 3rd quarter valued at $3,767,000. 80.63% of the stock is owned by 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.