Aron English Sells 34,025 Shares of L.B. Foster (NASDAQ:FSTR) Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 34,025 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $26.79, for a total value of $911,529.75. Following the completion of the transaction, the insider directly owned 1,204,558 shares of the company’s stock, valued at approximately $32,270,108.82. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

L.B. Foster Stock Down 0.2%

Shares of NASDAQ FSTR traded down $0.05 during mid-day trading on Friday, reaching $26.70. 46,647 shares of the company’s stock were exchanged, compared to its average volume of 34,046. L.B. Foster Company has a twelve month low of $17.16 and a twelve month high of $29.40. 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 firm has a market capitalization of $277.41 million, a price-to-earnings ratio of 59.33 and a beta of 1.00. The business has a fifty day simple moving average of $26.72 and a 200 day simple moving average of $24.57.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data on Monday, November 3rd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.21). The business had revenue of $138.29 million during the quarter, compared to analyst estimates of $154.38 million. L.B. Foster had a net margin of 0.96% and a return on equity of 2.79%. As a group, equities analysts expect that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FSTR has been the topic of a number of research analyst reports. Zacks Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen upgraded L.B. Foster from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings restated a “hold (c)” rating on shares of L.B. Foster in a report on Monday. Finally, Singular Research raised L.B. Foster to a “moderate buy” rating in a research report on Monday, November 17th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, L.B. Foster has a consensus rating of “Hold” and an average target price of $25.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its stake in shares of L.B. Foster by 250.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 963 shares in the last quarter. Comerica Bank grew its stake in shares of L.B. Foster by 356.7% in the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,145 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of L.B. Foster by 189.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock valued at $47,000 after buying an additional 1,395 shares in the last quarter. State of Wyoming acquired a new position in L.B. Foster during the second quarter worth $122,000. Finally, BNP Paribas Financial Markets raised its position in L.B. Foster by 469.1% during the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock worth $155,000 after acquiring an additional 4,752 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

About L.B. Foster

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.