Insider Selling: L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells 25,889 Shares of Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 25,889 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $28.19, for a total transaction of $729,810.91. Following the transaction, the insider owned 1,081,619 shares in the company, valued at approximately $30,490,839.61. The trade was a 2.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

L.B. Foster Price Performance

Shares of FSTR stock traded down $0.01 during trading on Wednesday, hitting $28.04. The company had a trading volume of 33,973 shares, compared to its average volume of 25,484. The firm has a market capitalization of $289.09 million, a P/E ratio of 40.64 and a beta of 0.99. L.B. Foster Company has a one year low of $17.16 and a one year high of $32.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.15 and a current ratio of 1.87. The stock’s 50-day moving average price is $29.92 and its 200 day moving average price is $28.13.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings data on Tuesday, March 3rd. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.44). The company had revenue of $160.37 million for the quarter, compared to the consensus estimate of $158.83 million. L.B. Foster had a return on equity of 4.32% and a net margin of 1.40%. Equities analysts expect that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On L.B. Foster

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank boosted its stake in shares of L.B. Foster by 356.7% during the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,145 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of L.B. Foster by 189.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock valued at $47,000 after buying an additional 1,395 shares during the period. State of Wyoming bought a new position in L.B. Foster in the 2nd quarter valued at approximately $122,000. BNP Paribas Financial Markets boosted its position in L.B. Foster by 469.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock worth $155,000 after buying an additional 4,752 shares during the period. Finally, Deutsche Bank AG acquired a new stake in L.B. Foster during the 4th quarter worth approximately $180,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Analysts Set New Price Targets

FSTR has been the topic of a number of recent analyst reports. Zacks Research cut L.B. Foster from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Wall Street Zen downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 29th. Finally, 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 report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, L.B. Foster presently has a consensus rating of “Hold” and a consensus price target of $32.00.

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.