L.B. Foster (NASDAQ:FSTR) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of L.B. Foster Company (NASDAQ:FSTR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.42 and traded as high as $28.32. L.B. Foster shares last traded at $27.82, with a volume of 13,097 shares.

Wall Street Analyst Weigh In

FSTR has been the topic of several research analyst reports. Wall Street Zen raised shares of L.B. Foster from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Zacks Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 22nd. Finally, Singular Research upgraded L.B. Foster to a “moderate buy” rating in a research report on Monday, November 17th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $25.00.

L.B. Foster Stock Down 2.3%

The business’s 50 day simple moving average is $27.17 and its 200 day simple moving average is $25.42. The company has a current ratio of 2.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $289.05 million, a PE ratio of 61.82 and a beta of 1.00.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.21). The business had revenue of $138.29 million during the quarter, compared to the consensus estimate of $154.38 million. L.B. Foster had a net margin of 0.96% and a return on equity of 2.79%. On average, equities research analysts forecast that L.B. Foster Company will post 1.16 earnings per share for the current year.

Insider Activity

In other news, major shareholder Aron R. English sold 13,512 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $26.79, for a total value of $361,986.48. Following the completion of the sale, the insider directly owned 1,191,046 shares of the company’s stock, valued at $31,908,122.34. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 132,075 shares of company stock valued at $3,561,116. 4.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On L.B. Foster

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in shares of L.B. Foster by 250.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 963 shares during the last quarter. Comerica Bank grew its holdings in L.B. Foster by 356.7% during the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,145 shares during the last quarter. Tower Research Capital LLC TRC raised its position in L.B. Foster by 189.5% in the 2nd 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 in the second quarter worth about $122,000. Finally, BNP Paribas Financial Markets lifted its stake in L.B. Foster by 469.1% in 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 last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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.