L.B. Foster (NASDAQ:FSTR) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of L.B. Foster (NASDAQ:FSTR) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on FSTR. Wall Street Zen upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Monday, June 8th. Weiss Ratings upgraded shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $32.00.

L.B. Foster Price Performance

Shares of L.B. Foster stock opened at $42.25 on Monday. The stock has a market cap of $441.94 million, a price-to-earnings ratio of 41.02 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.28 and a current ratio of 2.22. The stock has a 50 day moving average price of $40.70 and a 200-day moving average price of $33.37. L.B. Foster has a one year low of $21.67 and a one year high of $45.81.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings results on Monday, May 4th. The basic materials company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.36. The company had revenue of $121.14 million for the quarter, compared to analyst estimates of $104.30 million. L.B. Foster had a return on equity of 6.36% and a net margin of 1.98%. Equities analysts expect that L.B. Foster will post 1.74 EPS for the current year.

Institutional Trading of L.B. Foster

A number of large investors have recently made changes to their positions in the stock. Comerica Bank increased its stake in L.B. Foster by 356.7% in the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after buying an additional 1,145 shares during the period. Fifth Third Bancorp bought a new position in L.B. Foster in the 1st quarter worth about $47,000. Tower Research Capital LLC TRC increased its position 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 worth $47,000 after acquiring an additional 1,395 shares during the period. State of Wyoming purchased a new position in shares of L.B. Foster during the second quarter worth approximately $122,000. Finally, BNP Paribas Financial Markets increased 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 acquiring an additional 4,752 shares during the period. 80.63% of the stock is owned by hedge funds and other institutional investors.

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.