Insider Selling: L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells 1,500 Shares of Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 1,500 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $28.02, for a total transaction of $42,030.00. Following the completion of the sale, the insider directly owned 1,065,686 shares of the company’s stock, valued at $29,860,521.72. This trade represents a 0.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

L.B. Foster Trading Down 0.0%

Shares of FSTR stock traded down $0.01 on Thursday, hitting $27.99. 54,194 shares of the company’s stock traded hands, compared to its average volume of 40,914. The stock has a market capitalization of $288.58 million, a price-to-earnings ratio of 40.57 and a beta of 1.01. The company’s fifty day simple moving average is $29.76 and its 200 day simple moving average is $28.16. 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.

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

Hedge Funds Weigh In On L.B. Foster

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of L.B. Foster by 7.4% during the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock worth $5,207,000 after purchasing an additional 16,320 shares during the period. Rhumbline Advisers increased its holdings in L.B. Foster by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock valued at $211,000 after purchasing an additional 525 shares during the period. J.W. Cole Advisors Inc. bought a new position in L.B. Foster during the 2nd quarter valued at approximately $283,000. Arrowstreet Capital Limited Partnership bought a new position in L.B. Foster during the 2nd quarter valued at approximately $201,000. Finally, First Trust Advisors LP lifted its holdings in L.B. Foster by 1.5% in the 2nd quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company’s stock worth $701,000 after buying an additional 461 shares during the period. 80.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FSTR. Weiss Ratings restated a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 29th. Zacks Research downgraded L.B. Foster from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. B. Riley Financial increased their price objective on L.B. Foster from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Finally, Wall Street Zen cut shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.