L.B. Foster (NASDAQ:FSTR) Upgraded at Zacks Research

L.B. Foster (NASDAQ:FSTR) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on FSTR. Wall Street Zen downgraded L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Sunday. B. Riley Financial lifted their price objective on L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings upgraded L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, L.B. Foster has an average rating of “Moderate Buy” and a consensus price target of $32.00.

L.B. Foster Price Performance

Shares of NASDAQ:FSTR opened at $41.62 on Tuesday. L.B. Foster has a 1-year low of $18.66 and a 1-year high of $43.06. 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 business has a fifty day moving average price of $34.17 and a 200-day moving average price of $30.67. The company has a market capitalization of $435.29 million, a PE ratio of 40.40 and a beta of 1.15.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data on Monday, May 4th. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate 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 company had revenue of $121.14 million during the quarter, compared to the consensus estimate of $104.30 million. As a group, equities analysts expect that L.B. Foster will post 1.74 EPS for the current fiscal year.

Insider Activity

In other L.B. Foster news, major shareholder Aron R. English sold 38,431 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $28.05, for a total transaction of $1,077,989.55. Following the completion of the sale, the insider directly owned 1,027,255 shares in the company, valued at $28,814,502.75. The trade was a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 146,950 shares of company stock worth $4,161,706. Insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its position 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 valued at $445,000 after buying an additional 1,869 shares in the last quarter. Royal Bank of Canada lifted its position in shares of L.B. Foster by 74.3% during 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 in the last quarter. Empowered Funds LLC lifted its position in shares of L.B. Foster by 8.0% during the 1st quarter. Empowered Funds LLC now owns 16,665 shares of the basic materials company’s stock valued at $465,000 after buying an additional 1,232 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of L.B. Foster during the 1st quarter valued at about $354,000. Finally, Fifth Third Bancorp purchased a new position in shares of L.B. Foster during the 1st quarter valued at about $47,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

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.