Aron English Sells 38,431 Shares of L.B. Foster (NASDAQ:FSTR) Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 38,431 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $28.05, for a total transaction of $1,077,989.55. Following the sale, the insider directly owned 1,027,255 shares in the company, valued at approximately $28,814,502.75. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

L.B. Foster Price Performance

Shares of NASDAQ:FSTR opened at $27.99 on Friday. The firm has a market capitalization of $288.58 million, a PE ratio of 40.57 and a beta of 1.01. The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $29.74 and a two-hundred day moving average price of $28.16. L.B. Foster Company has a twelve month low of $17.16 and a twelve month high of $32.63.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings results on Tuesday, March 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.44). The business had revenue of $160.37 million during the quarter, compared to the consensus estimate of $158.83 million. L.B. Foster had a net margin of 1.40% and a return on equity of 4.32%. Equities analysts forecast that L.B. Foster Company will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FSTR shares. Wall Street Zen cut L.B. Foster from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Zacks Research lowered L.B. Foster from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. B. Riley Financial upped their price target on L.B. Foster from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Institutional Trading of L.B. Foster

Several institutional investors have recently added to or reduced their stakes in FSTR. Teton Advisors LLC purchased a new position in shares of L.B. Foster in the third quarter worth about $3,767,000. Redmont Wealth Advisors LLC purchased a new stake in L.B. Foster during the 3rd quarter valued at about $738,000. Gamco Investors INC. ET AL grew its position in L.B. Foster by 2.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company’s stock worth $20,782,000 after acquiring an additional 18,272 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in L.B. Foster during the 2nd quarter worth approximately $283,000. Finally, State of Wyoming increased its stake in L.B. Foster by 25.5% in the 4th quarter. State of Wyoming now owns 6,670 shares of the basic materials company’s stock worth $180,000 after purchasing an additional 1,355 shares during the period. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.