L.B. Foster (NASDAQ:FSTR) Downgraded by Wall Street Zen to Buy

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

Several other equities analysts also recently commented on FSTR. Zacks Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings raised shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, B. Riley Financial lifted their price objective on shares of L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $32.00.

L.B. Foster Stock Performance

NASDAQ:FSTR opened at $41.14 on Friday. The company has a fifty day simple moving average of $33.34 and a two-hundred day simple moving average of $30.34. The company has a market cap of $430.32 million, a price-to-earnings ratio of 39.94 and a beta of 1.06. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.34. L.B. Foster has a 52 week low of $18.61 and a 52 week high of $43.06.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings results on Monday, May 4th. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.36. The business had revenue of $121.14 million during the quarter, compared to the consensus estimate of $104.30 million. L.B. Foster had a net margin of 1.98% and a return on equity of 6.36%. As a group, equities analysts anticipate that L.B. Foster will post 1.74 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Aron R. English sold 38,431 shares of L.B. Foster stock in a transaction on 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 completion of the sale, the insider directly owned 1,027,255 shares of the company’s stock, valued at approximately $28,814,502.75. The trade was a 3.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 152,074 shares of company stock worth $4,325,623. 7.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On L.B. Foster

Institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank lifted its position 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 valued at $40,000 after acquiring an additional 1,145 shares during the last quarter. Fifth Third Bancorp purchased a new stake in L.B. Foster in the first quarter valued at $47,000. Tower Research Capital LLC TRC lifted its position in L.B. Foster by 189.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 1,395 shares during the last quarter. State of Wyoming purchased a new stake in L.B. Foster in the second quarter valued at $122,000. Finally, BNP Paribas Financial Markets lifted its position in L.B. Foster by 469.1% in the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 4,752 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

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.