L.B. Foster (NASDAQ:FSTR) Major Shareholder Aron English Sells 400 Shares

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 400 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $27.00, for a total transaction of $10,800.00. Following the sale, the insider directly owned 1,297,944 shares of the company’s stock, valued at $35,044,488. This represents a 0.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

L.B. Foster Price Performance

Shares of NASDAQ FSTR opened at $26.28 on Wednesday. The company has a fifty day moving average price of $26.90 and a 200 day moving average price of $23.73. The firm has a market cap of $273.13 million, a PE ratio of 7.92 and a beta of 0.97. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. 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 posted its quarterly earnings data on Monday, November 3rd. The basic materials company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.21). The firm had revenue of $138.29 million for the quarter, compared to analyst estimates of $154.38 million. L.B. Foster had a return on equity of 3.64% and a net margin of 7.19%. L.B. Foster has set its FY 2025 guidance at EPS. Research analysts predict that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of L.B. Foster

Hedge funds have recently made changes to their positions in the business. Qube Research & Technologies Ltd boosted its stake in shares of L.B. Foster by 20.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 38,757 shares of the basic materials company’s stock worth $1,045,000 after acquiring an additional 6,571 shares during the period. Ancora Advisors LLC acquired a new stake in L.B. Foster during the 3rd quarter valued at $409,000. Bridgeway Capital Management LLC boosted its position in L.B. Foster by 13.6% during the third quarter. Bridgeway Capital Management LLC now owns 58,249 shares of the basic materials company’s stock worth $1,570,000 after purchasing an additional 6,964 shares during the period. Comerica Bank increased its holdings in shares of L.B. Foster by 356.7% in the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,145 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of 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 purchasing an additional 4,752 shares during the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.

About L.B. Foster

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.