L.B. Foster (NASDAQ:FSTR) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

L.B. Foster Company (NASDAQ:FSTR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.95 and traded as high as $42.66. L.B. Foster shares last traded at $41.51, with a volume of 76,642 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FSTR shares. Weiss Ratings raised shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Zacks Research lowered shares of L.B. Foster from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, L.B. Foster has a consensus rating of “Hold” and a consensus price target of $32.00.

L.B. Foster Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.28 and a current ratio of 2.22. The company has a 50-day moving average of $41.67 and a 200-day moving average of $34.04. The firm has a market capitalization of $437.68 million, a price-to-earnings ratio of 40.78 and a beta of 1.14.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data on Monday, May 4th. The basic materials company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.36. The business had revenue of $121.14 million for the quarter, compared to analyst estimates of $104.30 million. L.B. Foster had a net margin of 1.98% and a return on equity of 6.36%. As a group, research analysts anticipate that L.B. Foster Company will post 1.74 EPS for the current fiscal year.

Institutional Trading of L.B. Foster

Institutional investors have recently modified their holdings of the company. Comerica Bank boosted its position 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 buying an additional 1,145 shares during the period. Fifth Third Bancorp bought a new stake in L.B. Foster in the 1st quarter valued at approximately $47,000. Tower Research Capital LLC TRC boosted its position in L.B. Foster by 189.5% during the 2nd 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 during the last quarter. State of Wyoming acquired a new position in L.B. Foster during the 2nd quarter worth approximately $122,000. Finally, BNP Paribas Financial Markets grew its stake in shares of L.B. Foster by 469.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock worth $155,000 after acquiring an additional 4,752 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

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.