L.B. Foster Company (NASDAQ:FSTR) Short Interest Update

L.B. Foster Company (NASDAQ:FSTR) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 145,829 shares, a decrease of 14.7% from the February 12th total of 170,965 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average trading volume of 15,964 shares, the short-interest ratio is currently 9.1 days. Based on an average trading volume of 15,964 shares, the short-interest ratio is currently 9.1 days. Approximately 1.5% of the company’s stock are short sold.

L.B. Foster Stock Performance

FSTR traded up $0.18 on Tuesday, hitting $28.23. 33,084 shares of the company’s stock were exchanged, compared to its average volume of 22,937. The firm has a market cap of $291.05 million, a PE ratio of 40.91 and a beta of 0.99. L.B. Foster has a twelve month low of $17.16 and a twelve month high of $32.63. The stock has a fifty day moving average of $29.97 and a two-hundred day moving average of $28.07. The company has a current ratio of 1.87, a quick ratio of 1.15 and a debt-to-equity ratio of 0.24.

L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Tuesday, March 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.44). The business had revenue of $160.37 million during 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%. On average, research analysts anticipate that L.B. Foster will post 1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of L.B. Foster in a research note on Monday, December 29th. Zacks Research lowered L.B. Foster from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Wall Street Zen downgraded L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. B. Riley Financial lifted their target price on L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Finally, Singular Research upgraded L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. One research 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’s stock. Based on data from MarketBeat.com, L.B. Foster has an average rating of “Hold” and an average price target of $32.00.

Insider Transactions at L.B. Foster

In other L.B. Foster news, major shareholder Aron R. English sold 5,124 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $31.99, for a total transaction of $163,916.76. Following the transaction, the insider directly owned 1,185,922 shares in the company, valued at $37,937,644.78. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its position in shares of L.B. Foster by 9.1% during the fourth quarter. Empowered Funds LLC now owns 15,433 shares of the basic materials company’s stock worth $416,000 after buying an additional 1,284 shares during the period. Bridgeway Capital Management LLC increased its position in L.B. Foster by 8.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 63,033 shares of the basic materials company’s stock valued at $1,699,000 after acquiring an additional 4,784 shares during the period. AQR Capital Management LLC bought a new stake in L.B. Foster during the 4th quarter valued at $202,000. Osaic Holdings Inc. raised its stake in L.B. Foster by 93,700.0% during the 4th quarter. Osaic Holdings Inc. now owns 9,380 shares of the basic materials company’s stock valued at $253,000 after acquiring an additional 9,370 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in L.B. Foster by 21.6% during the 4th quarter. Russell Investments Group Ltd. now owns 19,150 shares of the basic materials company’s stock valued at $516,000 after acquiring an additional 3,397 shares in the last quarter. 80.63% of the stock is currently owned by 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.