Aron English Sells 25,889 Shares of L.B. Foster (NASDAQ:FSTR) Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 25,889 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $28.19, for a total transaction of $729,810.91. Following the sale, the insider owned 1,081,619 shares in the company, valued at $30,490,839.61. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

L.B. Foster Stock Performance

NASDAQ FSTR opened at $28.02 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 0.24. L.B. Foster Company has a twelve month low of $17.16 and a twelve month high of $32.63. The business has a 50-day moving average price of $29.87 and a 200-day moving average price of $28.13. The firm has a market cap of $288.89 million, a price-to-earnings ratio of 40.61 and a beta of 0.99.

L.B. Foster (NASDAQ:FSTR) last released its 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 company had revenue of $160.37 million during the quarter, compared to analysts’ expectations of $158.83 million. As a group, equities research analysts predict that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Brandes Investment Partners LP increased its position in shares of L.B. Foster by 17.1% in the 2nd quarter. Brandes Investment Partners LP now owns 1,179,015 shares of the basic materials company’s stock valued at $25,785,000 after acquiring an additional 172,492 shares during the period. Teton Advisors LLC purchased a new stake in L.B. Foster during the third quarter worth $3,767,000. Wealthspire Advisors LLC raised its holdings in L.B. Foster by 593.7% in the 4th quarter. Wealthspire Advisors LLC now owns 68,923 shares of the basic materials company’s stock worth $1,857,000 after purchasing an additional 58,988 shares during the period. Bridgeway Capital Management LLC boosted its position in L.B. Foster by 161.7% during the second quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company’s stock worth $1,122,000 after purchasing an additional 31,685 shares in the last quarter. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of L.B. Foster in the third quarter valued at approximately $738,000. Institutional investors and hedge funds 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.