Aron English Sells 25,889 Shares of L.B. Foster (NASDAQ:FSTR) Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 25,889 shares of L.B. Foster stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $28.19, for a total transaction of $729,810.91. Following the transaction, the insider owned 1,081,619 shares in the company, valued at approximately $30,490,839.61. This trade represents a 2.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

L.B. Foster Trading Down 0.0%

Shares of L.B. Foster stock traded down $0.01 during trading on Wednesday, hitting $28.04. The company’s stock had a trading volume of 33,973 shares, compared to its average volume of 25,484. The stock has a market cap of $289.09 million, a price-to-earnings ratio of 40.64 and a beta of 0.99. L.B. Foster Company has a 52 week low of $17.16 and a 52 week high of $32.63. The stock has a 50-day moving average price of $29.92 and a two-hundred day moving average price of $28.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.87 and a quick ratio of 1.15.

L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Tuesday, March 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.44). L.B. Foster had a return on equity of 4.32% and a net margin of 1.40%.The company had revenue of $160.37 million for the quarter, compared to analyst estimates of $158.83 million. Equities research analysts anticipate that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On L.B. Foster

A number of hedge funds have recently added to or reduced their stakes in the business. Teton Advisors LLC bought a new stake in shares of L.B. Foster in the 3rd quarter valued at $3,767,000. Brandes Investment Partners LP boosted its stake in L.B. Foster by 17.1% during the second quarter. Brandes Investment Partners LP now owns 1,179,015 shares of the basic materials company’s stock worth $25,785,000 after acquiring an additional 172,492 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in L.B. Foster during the third quarter worth $738,000. Minerva Advisors LLC grew its holdings in L.B. Foster by 5.2% in the second quarter. Minerva Advisors LLC now owns 83,965 shares of the basic materials company’s stock worth $1,831,000 after purchasing an additional 4,167 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in L.B. Foster by 29.3% in the second quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company’s stock worth $292,000 after purchasing an additional 3,030 shares during the period. 80.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FSTR has been the subject of a number of recent analyst reports. B. Riley Financial increased their target price on shares of L.B. Foster from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Weiss Ratings restated a “hold (c-)” rating on shares of L.B. Foster in a research report on Monday, December 29th. Zacks Research cut shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Finally, Wall Street Zen downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.00.

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.