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

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

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

L.B. Foster Trading Up 0.5%

NASDAQ FSTR opened at $31.63 on Friday. The stock has a market cap of $328.64 million, a P/E ratio of 70.29 and a beta of 1.01. L.B. Foster has a fifty-two week low of $17.16 and a fifty-two week high of $32.63. The stock has a 50 day simple moving average of $28.90 and a two-hundred day simple moving average of $27.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.21 and a current ratio of 2.21.

Insider Buying and Selling at L.B. Foster

In other news, major shareholder Aron R. English sold 34,025 shares of L.B. Foster stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $26.79, for a total transaction of $911,529.75. Following the completion of the transaction, the insider directly 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 107,298 shares of company stock worth $2,883,327 over the last ninety days. 4.70% of the stock is currently owned by company insiders.

Institutional Trading of L.B. Foster

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