Teton Advisors LLC Cuts Position in L.B. Foster Company $FSTR

Teton Advisors LLC reduced its stake in shares of L.B. Foster Company (NASDAQ:FSTR) by 23.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 98,641 shares of the basic materials company’s stock after selling 29,537 shares during the period. L.B. Foster makes up about 1.9% of Teton Advisors LLC’s holdings, making the stock its 6th largest holding. Teton Advisors LLC’s holdings in L.B. Foster were worth $2,752,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. acquired a new position in shares of L.B. Foster during the first quarter valued at $354,000. Assenagon Asset Management S.A. grew its position in shares of L.B. Foster by 95.9% during the first quarter. Assenagon Asset Management S.A. now owns 28,035 shares of the basic materials company’s stock worth $782,000 after acquiring an additional 13,724 shares during the last quarter. Brandes Investment Partners LP increased its holdings in shares of L.B. Foster by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,360,415 shares of the basic materials company’s stock worth $36,663,000 after acquiring an additional 20,371 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of L.B. Foster by 2.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,763 shares of the basic materials company’s stock worth $635,000 after acquiring an additional 482 shares during the period. Finally, Strs Ohio lifted its position in L.B. Foster by 109.4% in 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 during the last quarter. 80.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FSTR has been the subject of a number of analyst reports. Weiss Ratings raised shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Zacks Research lowered shares of L.B. Foster from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Wall Street Zen raised L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.00.

L.B. Foster Trading Down 0.7%

NASDAQ:FSTR opened at $42.40 on Friday. L.B. Foster Company has a 1 year low of $21.67 and a 1 year high of $45.81. The stock has a market cap of $443.46 million, a price-to-earnings ratio of 41.17, a PEG ratio of 0.68 and a beta of 1.14. The business has a fifty day moving average of $41.87 and a 200-day moving average of $34.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.28 and a current ratio of 2.22.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings results on Monday, May 4th. The basic materials company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $104.30 million. Equities analysts predict that L.B. Foster Company will post 1.74 earnings per share for the current year.

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.