Aron English Sells 2,716 Shares of L.B. Foster (NASDAQ:FSTR) Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 2,716 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $28.09, for a total value of $76,292.44. Following the completion of the sale, the insider directly owned 1,078,903 shares of the company’s stock, valued at $30,306,385.27. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

L.B. Foster Stock Down 0.1%

FSTR stock opened at $28.02 on Friday. The stock’s 50 day simple moving average is $29.87 and its 200 day simple moving average is $28.13. The company has a market cap of $288.89 million, a P/E ratio of 40.61 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.15 and a current ratio of 1.87. L.B. Foster Company has a fifty-two week low of $17.16 and a fifty-two week high of $32.63.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Tuesday, March 3rd. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.44). L.B. Foster had a net margin of 1.40% and a return on equity of 4.32%. The firm had revenue of $160.37 million during the quarter, compared to analyst estimates of $158.83 million. On average, research analysts expect that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On L.B. Foster

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Teton Advisors LLC bought a new position in L.B. Foster during the 3rd quarter valued at $3,767,000. Brandes Investment Partners LP grew 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 worth $25,785,000 after acquiring an additional 172,492 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of L.B. Foster in the 3rd quarter worth $738,000. Minerva Advisors LLC raised its holdings in shares of L.B. Foster by 5.2% in the second quarter. Minerva Advisors LLC now owns 83,965 shares of the basic materials company’s stock valued at $1,831,000 after purchasing an additional 4,167 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of L.B. Foster by 29.3% during the second quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company’s stock valued at $292,000 after purchasing an additional 3,030 shares in the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on FSTR shares. Weiss Ratings restated a “hold (c-)” rating on shares of L.B. Foster in a research note on Monday, December 29th. Zacks Research lowered shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. B. Riley Financial lifted their price objective on shares of L.B. Foster from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. 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 stock. Based on data from MarketBeat, L.B. Foster currently has an average rating of “Hold” and a consensus price target of $32.00.

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.