Dimensional Fund Advisors LP grew its position in L.B. Foster Co (NASDAQ:FSTR) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 662,448 shares of the basic materials company’s stock after buying an additional 11,863 shares during the period. Dimensional Fund Advisors LP owned approximately 6.27% of L.B. Foster worth $10,533,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Ramsey Quantitative Systems raised its holdings in L.B. Foster by 80.2% in the fourth quarter. Ramsey Quantitative Systems now owns 7,144 shares of the basic materials company’s stock worth $114,000 after buying an additional 3,180 shares during the last quarter. Alambic Investment Management L.P. raised its holdings in shares of L.B. Foster by 117.4% during the fourth quarter. Alambic Investment Management L.P. now owns 44,144 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 23,834 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of L.B. Foster by 22.0% during the fourth quarter. Bank of New York Mellon Corp now owns 47,737 shares of the basic materials company’s stock valued at $759,000 after purchasing an additional 8,597 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of L.B. Foster by 4.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,775 shares of the basic materials company’s stock valued at $807,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of L.B. Foster by 5.8% during the third quarter. Morgan Stanley now owns 77,909 shares of the basic materials company’s stock valued at $1,601,000 after purchasing an additional 4,246 shares during the last quarter. 66.41% of the stock is owned by institutional investors and hedge funds.
FSTR opened at $22.70 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.83 and a quick ratio of 0.82. L.B. Foster Co has a twelve month low of $13.91 and a twelve month high of $26.48. The company has a market cap of $240.19 million, a PE ratio of 19.40 and a beta of 2.09.
L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data on Monday, March 18th. The basic materials company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.26). L.B. Foster had a negative net margin of 5.31% and a positive return on equity of 7.09%. The company had revenue of $164.53 million for the quarter. As a group, research analysts predict that L.B. Foster Co will post 1.69 EPS for the current fiscal year.
Several research firms have recently weighed in on FSTR. ValuEngine raised shares of L.B. Foster from a “sell” rating to a “hold” rating in a report on Monday, April 1st. B. Riley set a $30.00 price objective on shares of L.B. Foster and gave the company a “buy” rating in a report on Tuesday, March 19th.
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About L.B. Foster
L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and other accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.
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