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

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

FSTR has been the subject of several other reports. Zacks Research raised shares of L.B. Foster from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. B. Riley Financial lifted their price target on shares of L.B. Foster from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings raised L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

L.B. Foster Stock Performance

Shares of L.B. Foster stock opened at $41.51 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $34.72 and its two-hundred day moving average is $30.88. L.B. Foster has a 52 week low of $19.00 and a 52 week high of $43.06. The company has a market capitalization of $434.19 million, a PE ratio of 40.30 and a beta of 1.15.

L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Monday, May 4th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.36. The firm had revenue of $121.14 million during the quarter, compared to analyst estimates 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, analysts expect that L.B. Foster will post 1.74 earnings per share for the current year.

Insider Buying and Selling

In other L.B. Foster news, major shareholder Aron R. English sold 78,414 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $28.51, for a total transaction of $2,235,583.14. Following the completion of the sale, the insider owned 1,107,508 shares in the company, valued at $31,575,053.08. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 146,950 shares of company stock valued at $4,161,706 over the last ninety days. Insiders own 7.60% of the company’s stock.

Hedge Funds Weigh In On L.B. Foster

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSTR. Brandes Investment Partners LP boosted its holdings in shares of L.B. Foster by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,360,415 shares of the basic materials company’s stock valued at $36,663,000 after buying an additional 20,371 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of L.B. Foster by 7.4% during the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock valued at $5,207,000 after acquiring an additional 16,320 shares in the last quarter. State Street Corp boosted its stake in L.B. Foster by 2.4% in the 4th quarter. State Street Corp now owns 145,647 shares of the basic materials company’s stock worth $3,925,000 after purchasing an additional 3,349 shares in the last quarter. Teton Advisors LLC acquired a new position in L.B. Foster during the 3rd quarter valued at approximately $3,767,000. Finally, Bragg Financial Advisors Inc grew its holdings in shares of L.B. Foster by 0.4% during the fourth quarter. Bragg Financial Advisors Inc now owns 113,765 shares of the basic materials company’s stock valued at $3,066,000 after buying an additional 416 shares during 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.