Insider Selling: L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells $76,292.44 in Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 2,716 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $28.09, for a total transaction of $76,292.44. Following the transaction, the insider owned 1,078,903 shares in the company, valued at $30,306,385.27. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

L.B. Foster Price Performance

FSTR opened at $27.84 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.87 and a quick ratio of 1.15. The stock has a market capitalization of $287.03 million, a P/E ratio of 40.35 and a beta of 0.99. The company’s 50 day simple moving average is $29.85 and its 200-day simple moving average is $28.13. L.B. Foster Company has a one year low of $17.16 and a one year high of $32.63.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings data on Tuesday, March 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.44). The company had revenue of $160.37 million during the quarter, compared to the consensus estimate of $158.83 million. L.B. Foster had a return on equity of 4.32% and a net margin of 1.40%. Sell-side analysts anticipate that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank grew its stake in shares of L.B. Foster by 356.7% during the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,145 shares during the period. Tower Research Capital LLC TRC increased its holdings in 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 valued at $47,000 after purchasing an additional 1,395 shares during the last quarter. State of Wyoming acquired a new position in L.B. Foster in the second quarter valued at about $122,000. BNP Paribas Financial Markets lifted its stake in L.B. Foster by 469.1% in the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after buying an additional 4,752 shares during the period. Finally, Deutsche Bank AG bought a new position in L.B. Foster during the fourth quarter worth about $180,000. 80.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FSTR has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of L.B. Foster in a research note on Monday, December 29th. Wall Street Zen cut L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. 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. Finally, B. Riley Financial lifted their price target on shares of L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, L.B. Foster 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.