L.B. Foster (NASDAQ:FSTR) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

L.B. Foster Company (NASDAQ:FSTR)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.45 and traded as high as $45.81. L.B. Foster shares last traded at $44.64, with a volume of 139,508 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FSTR. Weiss Ratings upgraded L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Zacks Research upgraded shares of L.B. Foster from a “hold” rating to a “strong-buy” rating in a research note 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. Finally, B. Riley Financial boosted 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 note on Wednesday, March 4th. One 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

L.B. Foster Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.22 and a quick ratio of 1.28. The stock has a 50-day moving average price of $38.53 and a 200-day moving average price of $32.45. The company has a market capitalization of $466.93 million, a price-to-earnings ratio of 43.34 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, topping 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 for the quarter, compared to analyst estimates of $104.30 million. As a group, analysts forecast that L.B. Foster Company 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 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 transaction, the insider directly owned 1,027,255 shares of the company’s stock, valued at $28,814,502.75. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.60% of the stock is currently owned by company insiders.

Institutional Trading of L.B. Foster

A number of hedge funds have recently modified their holdings of FSTR. Bank of America Corp DE lifted its stake in shares of L.B. Foster by 13.3% during the 1st quarter. Bank of America Corp DE now owns 15,941 shares of the basic materials company’s stock worth $445,000 after buying an additional 1,869 shares during the last quarter. Royal Bank of Canada grew its stake in L.B. Foster by 74.3% in the 1st quarter. Royal Bank of Canada now owns 21,558 shares of the basic materials company’s stock valued at $601,000 after buying an additional 9,191 shares during the last quarter. Empowered Funds LLC raised its holdings in L.B. Foster by 8.0% in the 1st quarter. Empowered Funds LLC now owns 16,665 shares of the basic materials company’s stock valued at $465,000 after acquiring an additional 1,232 shares during the period. Hillsdale Investment Management Inc. bought a new position in L.B. Foster in the 1st quarter valued at about $354,000. Finally, Fifth Third Bancorp acquired a new stake in L.B. Foster during the first quarter worth approximately $47,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

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.