L.B. Foster (NASDAQ:FSTR) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of L.B. Foster Company (NASDAQ:FSTR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.43 and traded as high as $41.08. L.B. Foster shares last traded at $40.13, with a volume of 93,166 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have commented on FSTR. Wall Street Zen cut shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings upgraded shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Zacks Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, 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 note on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $32.00.

L.B. Foster Stock Performance

The firm has a fifty day moving average price of $31.06 and a 200 day moving average price of $29.43. The firm has a market capitalization of $419.76 million, a PE ratio of 38.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.22 and a quick ratio of 1.28.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings data on Monday, May 4th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $121.14 million for the quarter, compared to the consensus estimate of $104.30 million. Research analysts anticipate that L.B. Foster Company will post 1.74 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Aron R. English sold 38,431 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $28.05, for a total value of $1,077,989.55. Following the completion of the sale, the insider owned 1,027,255 shares in the company, valued at approximately $28,814,502.75. This represents a 3.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 152,074 shares of company stock worth $4,325,623 in the last quarter. 7.60% of the stock is owned by insiders.

Institutional Trading of L.B. Foster

A number of hedge funds have recently modified their holdings of FSTR. Teton Advisors LLC acquired a new stake in shares of L.B. Foster in the third quarter worth $3,767,000. Wealthspire Advisors LLC raised its position in L.B. Foster by 593.7% during the fourth quarter. Wealthspire Advisors LLC now owns 68,923 shares of the basic materials company’s stock valued at $1,857,000 after buying an additional 58,988 shares during the period. Bridgeway Capital Management LLC lifted its stake in L.B. Foster by 161.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company’s stock worth $1,122,000 after acquiring an additional 31,685 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new stake in L.B. Foster in the 3rd quarter worth about $738,000. Finally, Brandes Investment Partners LP boosted its position in L.B. Foster by 1.5% during 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. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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.