Insider Selling: L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells 2,247 Shares of Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 2,247 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $27.00, for a total transaction of $60,669.00. Following the completion of the transaction, the insider owned 1,298,344 shares of the company’s stock, valued at approximately $35,055,288. This trade represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

L.B. Foster Trading Down 0.8%

Shares of NASDAQ:FSTR traded down $0.22 during mid-day trading on Tuesday, reaching $26.28. 18,020 shares of the company’s stock were exchanged, compared to its average volume of 34,453. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 2.53. L.B. Foster Company has a twelve month low of $17.16 and a twelve month high of $29.77. The firm has a market capitalization of $273.13 million, a price-to-earnings ratio of 7.92 and a beta of 0.97. The business’s fifty day moving average price is $26.91 and its 200-day moving average price is $23.69.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings data on Monday, November 3rd. The basic materials company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.21). The company 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, research analysts predict that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On L.B. Foster

Large investors have recently added to or reduced their stakes in the business. Marion Wealth Management acquired a new position in L.B. Foster in the second quarter valued at approximately $210,000. Janney Montgomery Scott LLC bought a new stake in L.B. Foster in the second quarter valued at $489,000. Ancora Advisors LLC bought a new stake in L.B. Foster in the 3rd quarter valued at about $409,000. JPMorgan Chase & Co. raised its position in shares of L.B. Foster by 59.8% during the third quarter. JPMorgan Chase & Co. now owns 14,063 shares of the basic materials company’s stock worth $379,000 after purchasing an additional 5,264 shares during the period. Finally, Rhumbline Advisers raised its holdings in 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 buying an additional 525 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Analyst Ratings Changes

FSTR has been the subject of a number of analyst reports. Wall Street Zen upgraded L.B. Foster from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Zacks Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of L.B. Foster in a research report on Thursday. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, L.B. Foster currently has a consensus rating of “Hold” and a consensus target price of $25.00.

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.