L.B. Foster (NASDAQ:FSTR) Issues Earnings Results, Misses Expectations By $0.44 EPS

L.B. Foster (NASDAQ:FSTR) released its quarterly earnings data on Tuesday. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.44), FiscalAI reports. The business had revenue of $160.37 million during the quarter, compared to analysts’ expectations of $158.83 million. L.B. Foster had a return on equity of 2.79% and a net margin of 0.96%.

L.B. Foster Price Performance

NASDAQ FSTR opened at $32.19 on Tuesday. The firm’s fifty day simple moving average is $29.69 and its two-hundred day simple moving average is $27.70. The firm has a market capitalization of $334.55 million, a P/E ratio of 71.53 and a beta of 1.01. The company has a current ratio of 2.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.33. L.B. Foster has a 12-month low of $17.16 and a 12-month high of $32.63.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FSTR shares. Zacks Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Wall Street Zen raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Singular Research upgraded L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, L.B. Foster presently has an average rating of “Hold” and a consensus price target of $25.00.

Insider Transactions at L.B. Foster

In other L.B. Foster news, major shareholder Aron R. English sold 34,025 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $26.79, for a total value of $911,529.75. Following the completion of the sale, the insider directly owned 1,204,558 shares in the company, valued at approximately $32,270,108.82. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 73,350 shares of company stock worth $1,970,953. Corporate insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On L.B. Foster

A number of large investors have recently modified their holdings of FSTR. Comerica Bank raised its position in shares of L.B. Foster by 356.7% in the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,145 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings 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 worth $47,000 after buying an additional 1,395 shares during the last quarter. State of Wyoming acquired a new stake in shares of L.B. Foster during the second quarter worth $122,000. BNP Paribas Financial Markets lifted its stake in shares of 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 buying an additional 4,752 shares during the period. Finally, Deutsche Bank AG purchased a new stake in shares of L.B. Foster during the fourth quarter valued at $180,000. 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.