L.B. Foster (NASDAQ:FSTR) Share Price Passes Above 200-Day Moving Average – Should You Sell?

L.B. Foster Company (NASDAQ:FSTR)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.74 and traded as high as $42.34. L.B. Foster shares last traded at $41.63, with a volume of 58,155 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on FSTR. Zacks Research raised shares of L.B. Foster from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Wall Street Zen raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 8th. Weiss Ratings upgraded shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, B. Riley Financial raised their price objective on shares of L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.00.

L.B. Foster Price Performance

The business has a fifty day moving average of $36.89 and a 200-day moving average of $31.74. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 0.34. The firm has a market cap of $435.45 million, a PE ratio of 40.42 and a beta of 1.15.

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

Insider Buying and Selling

In related news, major shareholder Aron R. English sold 78,414 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $28.51, for a total transaction of $2,235,583.14. Following the sale, the insider owned 1,107,508 shares of the company’s stock, valued at approximately $31,575,053.08. This represents a 6.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 146,950 shares of company stock worth $4,161,706 over the last three months. 7.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of L.B. Foster by 7.4% during the 2nd quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock valued at $5,207,000 after purchasing an additional 16,320 shares in the last quarter. Rhumbline Advisers raised its position in shares of L.B. Foster by 5.7% in the second quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock worth $211,000 after buying an additional 525 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of L.B. Foster in the second quarter worth $201,000. First Trust Advisors LP boosted its stake in L.B. Foster by 1.5% during the second quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company’s stock valued at $701,000 after buying an additional 461 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in L.B. Foster by 15.2% during the second quarter. Ameriprise Financial Inc. now owns 52,527 shares of the basic materials company’s stock valued at $1,149,000 after buying an additional 6,920 shares during the period. 80.63% of the stock is owned by 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.