De Lisle Partners LLP Buys 5,000 Shares of L.B. Foster (NASDAQ:FSTR)

De Lisle Partners LLP grew its holdings in L.B. Foster (NASDAQ:FSTR) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,944 shares of the basic materials company’s stock after buying an additional 5,000 shares during the period. De Lisle Partners LLP owned 0.43% of L.B. Foster worth $961,000 at the end of the most recent quarter.

Separately, Lazard Asset Management LLC increased its stake in shares of L.B. Foster by 760.1% during the first quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,581 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FSTR. Singular Research raised L.B. Foster to a “strong-buy” rating in a report on Monday, August 12th. StockNews.com raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, B. Riley raised their price target on shares of L.B. Foster from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th.

L.B. Foster Trading Down 0.1 %

Shares of NASDAQ:FSTR opened at $28.30 on Friday. The business’s 50 day simple moving average is $21.46 and its 200 day simple moving average is $22.12. L.B. Foster has a 1 year low of $14.23 and a 1 year high of $30.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30. The company has a market capitalization of $306.49 million, a P/E ratio of 7.28 and a beta of 0.83.

L.B. Foster Company Profile

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.