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

L.B. Foster Company (NASDAQ:FSTR) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $33.95 and traded as high as $42.66. L.B. Foster shares last traded at $41.51, with a volume of 76,642 shares trading hands.

Analyst Ratings Changes

Several research firms have recently weighed in on FSTR. Zacks Research cut L.B. Foster from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen raised L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Weiss Ratings upgraded L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.00.

L.B. Foster Stock Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.28 and a current ratio of 2.22. The stock has a market cap of $434.15 million, a P/E ratio of 40.30 and a beta of 1.14. The business’s 50-day moving average price is $41.63 and its 200-day moving average price is $33.95.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings in L.B. Foster by 95.9% during the first quarter. Assenagon Asset Management S.A. now owns 28,035 shares of the basic materials company’s stock valued at $782,000 after purchasing an additional 13,724 shares in the last quarter. Brandes Investment Partners LP increased its stake in shares of L.B. Foster by 1.5% in the fourth quarter. Brandes Investment Partners LP now owns 1,360,415 shares of the basic materials company’s stock worth $36,663,000 after purchasing an additional 20,371 shares in the last quarter. R Squared Ltd purchased a new stake in shares of L.B. Foster in the fourth quarter worth $261,000. Ritholtz Wealth Management bought a new stake in shares of L.B. Foster during the 4th quarter valued at $224,000. Finally, JPMorgan Chase & Co. raised its position in shares of L.B. Foster by 59.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,063 shares of the basic materials company’s stock valued at $379,000 after purchasing an additional 5,264 shares during the period. Institutional investors 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.