Insider Selling: L.B. Foster (NASDAQ:FSTR) CEO Sells $271,500.00 in Stock

L.B. Foster Company (NASDAQ:FSTR) CEO Brian Kelly sold 10,000 shares of L.B. Foster stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $27.15, for a total transaction of $271,500.00. Following the sale, the chief executive officer directly owned 79,027 shares in the company, valued at approximately $2,145,583.05. The trade was a 11.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

L.B. Foster Trading Up 3.7%

L.B. Foster stock traded up $1.00 during mid-day trading on Monday, hitting $28.10. The company’s stock had a trading volume of 15,984 shares, compared to its average volume of 34,734. The stock’s fifty day moving average is $26.85 and its two-hundred day moving average is $23.40. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $292.04 million, a PE ratio of 8.46 and a beta of 0.97. L.B. Foster Company has a 1 year low of $17.16 and a 1 year high of $29.77.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.21). The business had revenue of $138.29 million during the quarter, compared to analyst estimates of $154.38 million. L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. L.B. Foster has set its FY 2025 guidance at EPS. On average, analysts anticipate that L.B. Foster Company will post 1.16 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on FSTR shares. Wall Street Zen raised shares of L.B. Foster from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of L.B. Foster in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FSTR. First Horizon Advisors Inc. increased its stake in L.B. Foster by 250.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock worth $29,000 after buying an additional 963 shares during the period. Tower Research Capital LLC TRC grew its stake 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 acquiring an additional 1,395 shares in the last quarter. State of Wyoming purchased a new stake in shares of L.B. Foster during the second quarter worth $122,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of L.B. Foster during the second quarter worth $201,000. Finally, Marion Wealth Management purchased a new stake in shares of L.B. Foster during the second quarter worth $210,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

L.B. Foster Company Profile

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.