L.B. Foster (NASDAQ:FSTR) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

L.B. Foster Company (NASDAQ:FSTR) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $37.04 and traded as high as $38.37. L.B. Foster shares last traded at $37.30, with a volume of 46,859 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FSTR shares. Wall Street Zen cut L.B. Foster from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research lowered shares of L.B. Foster from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Weiss Ratings downgraded shares of L.B. Foster from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.00.

L.B. Foster Stock Up 0.3%

The stock has a fifty day moving average price of $39.39 and a 200 day moving average price of $37.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.00 and a quick ratio of 1.15. The stock has a market capitalization of $393.55 million, a P/E ratio of 35.63, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results on Monday, August 10th. The basic materials company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $138.55 million during the quarter, compared to analysts’ expectations of $134.49 million. L.B. Foster had a net margin of 2.04% and a return on equity of 7.61%. On average, research analysts forecast that L.B. Foster Company will post 1.81 earnings per share for the current year.

Institutional Investors Weigh In On L.B. Foster

Several hedge funds and other institutional investors have recently modified their holdings of FSTR. Fifth Third Bancorp purchased a new stake in shares of L.B. Foster in the first quarter worth about $47,000. Hillsdale Investment Management Inc. bought a new stake in L.B. Foster during the 1st quarter worth approximately $354,000. Bank of America Corp DE lifted its stake in L.B. Foster by 13.3% in the 1st quarter. Bank of America Corp DE now owns 15,941 shares of the basic materials company’s stock worth $445,000 after purchasing an additional 1,869 shares in the last quarter. Empowered Funds LLC boosted its holdings in L.B. Foster by 8.0% in the 1st quarter. Empowered Funds LLC now owns 16,665 shares of the basic materials company’s stock valued at $465,000 after purchasing an additional 1,232 shares during the period. Finally, Strs Ohio grew its position in shares of L.B. Foster by 109.4% during the 1st quarter. Strs Ohio now owns 20,100 shares of the basic materials company’s stock valued at $561,000 after purchasing an additional 10,500 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

About L.B. Foster

L.B. Foster Company (NASDAQ: FSTR) is an infrastructure products and services provider serving the rail, construction and related industrial markets. Founded in 1902 and headquartered in Pittsburgh, Pennsylvania, the company supplies products and technical solutions used to build, maintain and improve transportation and civil infrastructure.

Its rail business offers products and services for railway track and maintenance operations, including rail joints and related track components, rail lubricating systems, track tools, inspection and monitoring solutions, and other equipment and services designed to support rail infrastructure reliability and safety.