L.B. Foster (NASDAQ:FSTR) Upgraded at Zacks Research

L.B. Foster (NASDAQ:FSTR) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on FSTR. Weiss Ratings raised L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen cut L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, B. Riley Financial boosted their price target on L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, L.B. Foster presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

L.B. Foster Stock Down 2.1%

FSTR stock opened at $41.62 on Tuesday. L.B. Foster has a twelve month low of $18.66 and a twelve month high of $43.06. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.34. The stock has a market cap of $435.29 million, a P/E ratio of 40.40 and a beta of 1.15. The business’s 50-day moving average price is $34.17 and its 200-day moving average price is $30.67.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings results on Monday, May 4th. The basic materials company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $121.14 million for the quarter, compared to analysts’ expectations of $104.30 million. On average, equities research analysts forecast that L.B. Foster will post 1.74 EPS for the current year.

Insider Activity

In other 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 stock was sold at an average price of $28.05, for a total transaction of $1,077,989.55. Following the sale, the insider directly owned 1,027,255 shares of the company’s stock, valued at $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 is available at the SEC website. Over the last 90 days, insiders sold 146,950 shares of company stock worth $4,161,706. 7.60% of the stock is owned by corporate insiders.

Institutional Trading of L.B. Foster

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teton Advisors LLC purchased a new stake in L.B. Foster during the 3rd quarter valued at $3,767,000. Redmont Wealth Advisors LLC purchased a new stake in L.B. Foster during the 3rd quarter valued at $738,000. Royal Bank of Canada raised its holdings in L.B. Foster by 74.3% during the 1st quarter. Royal Bank of Canada now owns 21,558 shares of the basic materials company’s stock valued at $601,000 after buying an additional 9,191 shares during the period. Empowered Funds LLC grew its position in L.B. Foster by 8.0% in the 1st quarter. Empowered Funds LLC now owns 16,665 shares of the basic materials company’s stock valued at $465,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in L.B. Foster in the 1st quarter valued at $47,000. 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.