L.B. Foster Company VP Sells $106,720 in Stock (FSTR)
L.B. Foster Company (NASDAQ:FSTR) VP Samuel K. Fisher unloaded 2,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $53.36, for a total transaction of $106,720.00. Following the transaction, the vice president now directly owns 11,227 shares in the company, valued at approximately $599,073. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
FSTR has been the subject of a number of recent research reports. Analysts at DA Davidson reiterated a “buy” rating on shares of L.B. Foster Company in a research note on Friday, June 13th. They now have a $60.00 price target on the stock, up previously from $55.00. Separately, analysts at Davidson raised their price target on shares of L.B. Foster Company from $55.00 to $60.00 in a research note on Friday, June 13th. Finally, analysts at Stifel Nicolaus raised their price target on shares of L.B. Foster Company from $52.00 to $56.00 in a research note on Tuesday, June 3rd. They now have a “buy” rating on the stock.
L.B. Foster Company (NASDAQ:FSTR) traded down 2.37% on Thursday, hitting $52.23. 18,176 shares of the company’s stock traded hands. L.B. Foster Company has a one year low of $40.09 and a one year high of $56.72. The stock has a 50-day moving average of $51.22 and a 200-day moving average of $49.15. The company has a market cap of $540.6 million and a price-to-earnings ratio of 19.96.
L.B. Foster Company (NASDAQ:FSTR) last released its earnings data on Monday, August 4th. The company reported $0.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.07. The company had revenue of $166.80 million for the quarter, compared to the consensus estimate of $168.60 million. During the same quarter last year, the company posted $0.71 earnings per share. L.B. Foster Company’s revenue was up 11.3% compared to the same quarter last year. Analysts expect that L.B. Foster Company will post $3.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, September 5th 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, September 3rd.
L. B. Foster Company is engaged in the manufacture, fabrication and distribution of rail, construction and tubular products.
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