L.B. Foster (NASDAQ:FSTR) Rating Increased to Hold at Zacks Research

L.B. Foster (NASDAQ:FSTR) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of L.B. Foster in a research report on Monday, December 29th. Singular Research upgraded L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. Finally, Wall Street Zen cut L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, L.B. Foster currently has a consensus rating of “Hold” and a consensus price target of $25.00.

L.B. Foster Stock Up 0.8%

NASDAQ:FSTR opened at $31.34 on Monday. The company has a market cap of $325.62 million, a price-to-earnings ratio of 69.64 and a beta of 1.01. L.B. Foster has a twelve month low of $17.16 and a twelve month high of $31.60. The company has a current ratio of 2.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $28.17 and a 200-day simple moving average of $26.61.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.21). L.B. Foster had a return on equity of 2.79% and a net margin of 0.96%.The company had revenue of $138.29 million during the quarter, compared to analysts’ expectations of $154.38 million. Analysts anticipate that L.B. Foster will post 1.16 EPS for the current year.

Insider Transactions at L.B. Foster

In other news, major shareholder Aron R. English sold 13,512 shares of L.B. Foster stock in a transaction on Friday, December 12th. The stock was sold at an average price of $26.79, for a total value of $361,986.48. Following the transaction, the insider directly owned 1,191,046 shares in the company, valued at approximately $31,908,122.34. This trade represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 132,075 shares of company stock worth $3,561,116. 4.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On L.B. Foster

A number of institutional investors have recently added to or reduced their stakes in FSTR. Brandes Investment Partners LP raised its holdings in L.B. Foster by 17.1% in the second quarter. Brandes Investment Partners LP now owns 1,179,015 shares of the basic materials company’s stock worth $25,785,000 after purchasing an additional 172,492 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of L.B. Foster by 2.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company’s stock worth $20,782,000 after buying an additional 18,272 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of L.B. Foster by 7.4% during the 2nd quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock worth $5,207,000 after acquiring an additional 16,320 shares in the last quarter. Teton Advisors LLC purchased a new stake in L.B. Foster during the third quarter valued at approximately $3,767,000. Finally, Minerva Advisors LLC boosted its stake in L.B. Foster by 5.2% in the second quarter. Minerva Advisors LLC now owns 83,965 shares of the basic materials company’s stock valued at $1,831,000 after acquiring an additional 4,167 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.

L.B. Foster Company Profile

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.