L.B. Foster (NASDAQ:FSTR) Announces Quarterly Earnings Results

L.B. Foster (NASDAQ:FSTR) posted its earnings results on Monday. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.21), Zacks reports. L.B. Foster had a return on equity of 3.64% and a net margin of 7.19%.The firm had revenue of $138.29 million during the quarter, compared to analysts’ expectations of $154.38 million. L.B. Foster updated its FY 2025 guidance to EPS.

L.B. Foster Stock Performance

L.B. Foster stock opened at $27.40 on Monday. The stock has a market cap of $290.39 million, a P/E ratio of 8.25 and a beta of 0.96. The firm’s fifty day moving average price is $26.69 and its 200-day moving average price is $23.13. L.B. Foster has a fifty-two week low of $17.16 and a fifty-two week high of $29.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 2.53.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On L.B. Foster

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in L.B. Foster by 189.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 1,395 shares during the period. State of Wyoming purchased a new position in L.B. Foster in the 2nd quarter worth $122,000. Arrowstreet Capital Limited Partnership purchased a new position in L.B. Foster in the 2nd quarter worth $201,000. Rhumbline Advisers raised its position in L.B. Foster by 5.7% in the 2nd 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 period. Finally, First Trust Advisors LP raised its position in L.B. Foster by 1.5% in the 2nd 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 period. Hedge funds and other institutional investors 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.