L.B. Foster (NASDAQ:FSTR) Stock Rating Lowered by Wall Street Zen

L.B. Foster (NASDAQ:FSTR) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts also recently weighed in on FSTR. Weiss Ratings reiterated a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 29th. Singular Research raised L.B. Foster to a “moderate buy” rating in a research report on Monday, November 17th. Finally, Zacks Research cut shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, L.B. Foster presently has an average rating of “Hold” and an average price target of $25.00.

L.B. Foster Stock Up 0.8%

L.B. Foster stock opened at $30.05 on Friday. The stock has a market cap of $312.22 million, a PE ratio of 66.78 and a beta of 1.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.21 and a current ratio of 2.21. The firm’s 50-day simple moving average is $27.98 and its 200 day simple moving average is $26.50. L.B. Foster has a fifty-two week low of $17.16 and a fifty-two week high of $30.32.

L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.21). L.B. Foster had a net margin of 0.96% and a return on equity of 2.79%. The firm had revenue of $138.29 million during the quarter, compared to the consensus estimate of $154.38 million. Research analysts predict that L.B. Foster will post 1.16 EPS for the current fiscal year.

Insider Activity

In other L.B. Foster news, CEO Brian H. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $27.15, for a total value of $271,500.00. Following the completion of the sale, the chief executive officer directly owned 79,027 shares of the company’s stock, valued at $2,145,583.05. The trade was a 11.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Aron R. English sold 34,025 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $26.79, for a total value of $911,529.75. Following the transaction, the insider owned 1,204,558 shares in the company, valued at approximately $32,270,108.82. This represents a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 132,075 shares of company stock valued at $3,561,116. 4.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On L.B. Foster

Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of L.B. Foster by 1.5% during the second 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. Rhumbline Advisers raised its position in shares of L.B. Foster by 5.7% in the second quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 525 shares during the period. First Horizon Advisors Inc. boosted its position in L.B. Foster by 250.1% during the second quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 963 shares in the last quarter. Comerica Bank grew its stake in L.B. Foster by 356.7% in the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,145 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of L.B. Foster by 189.5% during the second 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 in the last quarter. 80.63% of the stock is owned by hedge funds and other 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.