L.B. Foster (NASDAQ:FSTR) Raised to “Strong-Buy” at Wall Street Zen

L.B. Foster (NASDAQ:FSTR) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also recently issued reports about the company. Singular Research raised L.B. Foster to a “moderate buy” rating in a research note on Monday, November 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 29th. Finally, Zacks Research lowered L.B. Foster from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.00.

L.B. Foster Trading Down 0.1%

Shares of NASDAQ FSTR opened at $28.40 on Friday. L.B. Foster has a 1-year low of $17.16 and a 1-year high of $29.42. The company has a 50-day moving average of $27.30 and a two-hundred day moving average of $25.83. The company has a market cap of $295.08 million, a PE ratio of 63.11 and a beta of 1.00. The company has a current ratio of 2.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.33.

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

Insider Buying and Selling

In other L.B. Foster news, major shareholder Aron R. English sold 13,512 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $26.79, for a total value of $361,986.48. Following the transaction, the insider owned 1,191,046 shares of the company’s stock, valued at approximately $31,908,122.34. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 132,075 shares of company stock valued at $3,561,116 in the last ninety days. Corporate insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On L.B. Foster

Institutional investors have recently modified their holdings of the stock. First Trust Advisors LP increased its stake in shares of L.B. Foster by 1.5% in the 2nd quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company’s stock valued at $701,000 after acquiring an additional 461 shares during the last quarter. Rhumbline Advisers grew its holdings in L.B. Foster by 5.7% during the second quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock valued at $211,000 after purchasing an additional 525 shares during the period. First Horizon Advisors Inc. increased its stake in L.B. Foster by 250.1% in the second quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 963 shares in the last quarter. Comerica Bank raised its holdings in L.B. Foster by 356.7% in the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,145 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of L.B. Foster by 189.5% during the second 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 in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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.