Russell Investments Group Ltd. decreased its position in L.B. Foster Company (NASDAQ:FSTR) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,713 shares of the basic materials company’s stock after selling 6,086 shares during the period. Russell Investments Group Ltd. owned 1.34% of L.B. Foster worth $2,975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legion Partners Asset Management LLC boosted its position in L.B. Foster by 14.8% in the first quarter. Legion Partners Asset Management LLC now owns 1,512,726 shares of the basic materials company’s stock worth $18,909,000 after buying an additional 195,313 shares during the period. Dimensional Fund Advisors LP boosted its position in L.B. Foster by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 501,969 shares of the basic materials company’s stock worth $6,275,000 after buying an additional 14,556 shares during the period. Ameriprise Financial Inc. boosted its position in L.B. Foster by 24.5% in the first quarter. Ameriprise Financial Inc. now owns 449,866 shares of the basic materials company’s stock worth $5,521,000 after buying an additional 88,661 shares during the period. Renaissance Technologies LLC boosted its position in L.B. Foster by 2.5% in the first quarter. Renaissance Technologies LLC now owns 149,200 shares of the basic materials company’s stock worth $1,865,000 after buying an additional 3,700 shares during the period. Finally, Bragg Financial Advisors Inc boosted its position in L.B. Foster by 22.2% in the first quarter. Bragg Financial Advisors Inc now owns 73,208 shares of the basic materials company’s stock worth $915,000 after buying an additional 13,288 shares during the period. Hedge funds and other institutional investors own 71.12% of the company’s stock.

Shares of L.B. Foster Company (FSTR) traded up 0.27% during mid-day trading on Wednesday, hitting $18.80. 37,814 shares of the company were exchanged. The firm’s market capitalization is $194.43 million. The company’s 50-day moving average price is $19.07 and its 200-day moving average price is $16.65. L.B. Foster Company has a 12-month low of $9.25 and a 12-month high of $22.00.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.32. The firm had revenue of $144.86 million during the quarter. L.B. Foster had a negative net margin of 9.83% and a negative return on equity of 27.82%. Equities research analysts predict that L.B. Foster Company will post ($0.81) earnings per share for the current fiscal year.

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About L.B. Foster

L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.

Institutional Ownership by Quarter for L.B. Foster (NASDAQ:FSTR)

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