L.B. Foster (NASDAQ:FSTR – Get Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Friday.
Separately, B. Riley lifted their target price on L.B. Foster from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th.
Check Out Our Latest Report on FSTR
L.B. Foster Trading Up 2.6 %
L.B. Foster (NASDAQ:FSTR – Get Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $134.88 million for the quarter, compared to analyst estimates of $127.65 million. L.B. Foster had a net margin of 0.27% and a return on equity of 2.18%. During the same quarter in the prior year, the firm posted $0.03 EPS. As a group, sell-side analysts expect that L.B. Foster will post 1.07 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in L.B. Foster stock. EAM Investors LLC acquired a new position in shares of L.B. Foster (NASDAQ:FSTR – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 94,529 shares of the basic materials company’s stock, valued at approximately $1,788,000. EAM Investors LLC owned 0.85% of L.B. Foster as of its most recent SEC filing. 80.63% of the stock is owned by institutional investors.
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.
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