L.B. Foster (NASDAQ:FSTR) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

L.B. Foster Company (NASDAQ:FSTR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.37 and traded as high as $29.00. L.B. Foster shares last traded at $28.72, with a volume of 8,854 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Zacks Research cut L.B. Foster from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of L.B. Foster in a research note on Monday, December 29th. Wall Street Zen upgraded L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th. Finally, Singular Research upgraded L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.00.

L.B. Foster Stock Performance

The firm has a 50-day simple moving average of $27.80 and a two-hundred day simple moving average of $26.37. 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 company has a market capitalization of $298.49 million, a price-to-earnings ratio of 63.82 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 earnings per share (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 firm had revenue of $138.29 million for the quarter, compared to analyst estimates of $154.38 million. As a group, sell-side analysts forecast that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.

Insider Buying and Selling at L.B. Foster

In other L.B. Foster news, CEO Brian H. Kelly sold 10,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $27.15, for a total transaction of $271,500.00. Following the transaction, the chief executive officer directly owned 79,027 shares of the company’s stock, valued at $2,145,583.05. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Aron R. English sold 34,025 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $26.79, for a total value of $911,529.75. Following the transaction, the insider owned 1,204,558 shares in the company, valued at approximately $32,270,108.82. This trade represents a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 132,075 shares of company stock worth $3,561,116. 4.70% of the stock is currently owned by company insiders.

Institutional Trading of L.B. Foster

Several large investors have recently made changes to their positions in the stock. Brandes Investment Partners LP raised its stake 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 in the last quarter. Teton Advisors LLC acquired a new position in L.B. Foster during the third quarter valued at approximately $3,767,000. Bridgeway Capital Management LLC raised its position in shares of L.B. Foster by 161.7% in the second quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company’s stock valued at $1,122,000 after purchasing an additional 31,685 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of L.B. Foster in the third quarter worth $738,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of L.B. Foster during the 2nd quarter worth $489,000. Institutional investors 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.