L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells $729,810.91 in Stock

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

L.B. Foster Stock Performance

FSTR stock opened at $27.84 on Friday. The firm has a market cap of $287.03 million, a PE ratio of 40.35 and a beta of 0.99. The company has a current ratio of 1.87, a quick ratio of 1.15 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $29.85 and a 200-day moving average price of $28.13. L.B. Foster Company has a 1-year low of $17.16 and a 1-year high of $32.63.

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 net margin of 1.40% and a return on equity of 4.32%. The business had revenue of $160.37 million for the quarter, compared to the consensus estimate of $158.83 million. As a group, equities research analysts expect that L.B. Foster Company will post 1.16 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank grew its stake in 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 acquiring an additional 1,145 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of L.B. Foster by 189.5% during 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 acquiring an additional 1,395 shares in the last quarter. State of Wyoming acquired a new position in shares of L.B. Foster during the second quarter worth approximately $122,000. BNP Paribas Financial Markets raised its position 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 purchasing an additional 4,752 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of L.B. Foster in the 4th quarter worth $180,000. 80.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FSTR shares. B. Riley Financial increased 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. Zacks Research lowered shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Wall Street Zen downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of L.B. Foster in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.