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L.B. Foster (NASDAQ:FSTR)’s share price reached a new 52-week high during mid-day trading on Friday , Analyst Ratings.Net reports. The company traded as high as $53.79 and last traded at $53.03, with a volume of 22,691 shares trading hands. The stock had previously closed at $52.16.

FSTR has been the subject of a number of recent research reports. Analysts at Stifel raised their price target on shares of L.B. Foster from $52.00 to $56.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of L.B. Foster from $52.00 to $56.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of L.B. Foster from $51.00 to $52.00 in a research note on Tuesday, May 6th.

The stock’s 50-day moving average is $48.77 and its 200-day moving average is $46.23. The company has a market cap of $551.3 million and a price-to-earnings ratio of 19.16.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.18. The company had revenue of $111.40 million for the quarter, compared to the consensus estimate of $123.90 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, analysts predict that L.B. Foster will post $2.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, June 4th.

In other L.B. Foster news, VP John F. Kasel sold 4,000 shares of L.B. Foster stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $49.06, for a total value of $196,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

L. B. Foster Company (NASDAQ:FSTR) is engaged in the manufacture, fabrication and distribution of rail, construction and tubular products.

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