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

B. Riley upgraded shares of L.B. Foster (NASDAQ:FSTR) to a hold rating in a report published on Wednesday,Zacks.com reports. B. Riley also issued estimates for L.B. Foster’s Q3 2025 earnings at $0.63 EPS.

Separately, StockNews.com downgraded L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 6th.

L.B. Foster Price Performance

Shares of NASDAQ:FSTR opened at $20.58 on Wednesday. The company’s fifty day moving average is $25.14 and its two-hundred day moving average is $24.16. The company has a market cap of $221.30 million, a P/E ratio of 5.29 and a beta of 0.97. L.B. Foster has a 12-month low of $14.23 and a 12-month high of $30.77. The company has a quick ratio of 1.30, a current ratio of 2.27 and a debt-to-equity ratio of 0.37.

L.B. Foster announced that its Board of Directors has initiated a share repurchase plan on Tuesday, March 4th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the basic materials company to buy up to 16.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On L.B. Foster

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hillsdale Investment Management Inc. acquired a new stake in L.B. Foster during the fourth quarter valued at $1,784,000. Lazard Asset Management LLC acquired a new position in L.B. Foster in the 4th quarter worth about $349,000. De Lisle Partners LLP raised its stake in shares of L.B. Foster by 11.9% during the 3rd quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company’s stock worth $961,000 after purchasing an additional 5,000 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of L.B. Foster by 197.2% during the 4th quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company’s stock valued at $171,000 after buying an additional 4,225 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of L.B. Foster by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company’s stock valued at $109,000 after buying an additional 3,003 shares in the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.