L.B. Foster (NASDAQ:FSTR) Shares Cross Above 200-Day Moving Average – Here’s What Happened

L.B. Foster Company (NASDAQ:FSTRGet Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.43 and traded as high as $41.08. L.B. Foster shares last traded at $40.13, with a volume of 93,166 shares.

Analyst Ratings Changes

FSTR has been the subject of a number of analyst reports. Wall Street Zen lowered shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings upgraded shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. B. Riley Financial increased their target price on shares of L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. Finally, Zacks Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.00.

Read Our Latest Report on L.B. Foster

L.B. Foster Stock Down 3.3%

The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $31.20 and its 200 day simple moving average is $29.49. The firm has a market capitalization of $405.74 million, a PE ratio of 37.66 and a beta of 1.06.

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

Insider Buying and Selling

In other L.B. Foster news, major shareholder Aron R. English sold 38,431 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $28.05, for a total value of $1,077,989.55. Following the completion of the sale, the insider directly owned 1,027,255 shares in the company, valued at $28,814,502.75. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 152,074 shares of company stock valued at $4,325,623 in the last ninety days. Company insiders own 7.60% of the company’s stock.

Hedge Funds Weigh In On L.B. Foster

A number of institutional investors and hedge funds have recently made changes to their positions in FSTR. Teton Advisors LLC bought a new position in shares of L.B. Foster during the third quarter valued at approximately $3,767,000. Wealthspire Advisors LLC increased its stake in shares of L.B. Foster by 593.7% during the fourth quarter. Wealthspire Advisors LLC now owns 68,923 shares of the basic materials company’s stock valued at $1,857,000 after purchasing an additional 58,988 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in shares of L.B. Foster by 161.7% during the second quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company’s stock valued at $1,122,000 after purchasing an additional 31,685 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of L.B. Foster during the third quarter valued at approximately $738,000. Finally, Brandes Investment Partners LP increased its stake in shares of L.B. Foster by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 1,360,415 shares of the basic materials company’s stock valued at $36,663,000 after purchasing an additional 20,371 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.

L.B. Foster Company Profile

(Get Free Report)

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.

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