Brandes Investment Partners LP Acquires 20,371 Shares of L.B. Foster Company $FSTR

Brandes Investment Partners LP raised its holdings in shares of L.B. Foster Company (NASDAQ:FSTR) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,360,415 shares of the basic materials company’s stock after purchasing an additional 20,371 shares during the quarter. Brandes Investment Partners LP owned 0.13% of L.B. Foster worth $36,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FSTR. Geode Capital Management LLC lifted its position in shares of L.B. Foster by 7.4% during the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock worth $5,207,000 after purchasing an additional 16,320 shares during the last quarter. Rhumbline Advisers lifted its position in shares of L.B. Foster by 5.7% during the second quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock worth $211,000 after purchasing an additional 525 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of L.B. Foster during the second quarter worth $201,000. First Trust Advisors LP lifted its position in shares of L.B. Foster by 1.5% during the second quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company’s stock worth $701,000 after purchasing an additional 461 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of L.B. Foster by 15.2% during the second quarter. Ameriprise Financial Inc. now owns 52,527 shares of the basic materials company’s stock worth $1,149,000 after purchasing an additional 6,920 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.

L.B. Foster Stock Performance

FSTR stock opened at $42.10 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.22 and a quick ratio of 1.28. The business has a 50-day moving average price of $35.28 and a 200 day moving average price of $31.10. The company has a market capitalization of $440.37 million, a P/E ratio of 40.87 and a beta of 1.15. L.B. Foster Company has a 1-year low of $19.22 and a 1-year high of $43.06.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data 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 firm had revenue of $121.14 million during the quarter, compared to the consensus estimate of $104.30 million. L.B. Foster had a return on equity of 6.36% and a net margin of 1.98%. As a group, equities research analysts forecast that L.B. Foster Company will post 1.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. B. Riley Financial lifted their target price on L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Wall Street Zen upgraded L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings upgraded L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, Zacks Research upgraded L.B. Foster from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Insider Buying and Selling at L.B. Foster

In related news, major shareholder Aron R. English sold 38,431 shares of L.B. Foster stock in a transaction dated Wednesday, April 1st. The stock was 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 directly owned 1,027,255 shares in the company, valued at $28,814,502.75. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 146,950 shares of company stock valued at $4,161,706 in the last ninety days. Insiders own 7.60% of the company’s stock.

L.B. Foster 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.