L.B. Foster Company (NASDAQ:FSTR – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.45 and traded as high as $45.81. L.B. Foster shares last traded at $44.64, with a volume of 139,508 shares trading hands.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on FSTR. B. Riley Financial upped their price target on shares of L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Zacks Research upgraded shares of L.B. Foster from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. 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, Weiss Ratings upgraded L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, L.B. Foster has an average rating of “Moderate Buy” and an average price target of $32.00.
View Our Latest Analysis on L.B. Foster
L.B. Foster Price Performance
L.B. Foster (NASDAQ:FSTR – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.36. L.B. Foster had a return on equity of 6.36% and a net margin of 1.98%.The company had revenue of $121.14 million during the quarter, compared to the consensus estimate of $104.30 million. Analysts anticipate that L.B. Foster Company will post 1.74 earnings per share for the current year.
Insiders Place Their Bets
In other L.B. Foster news, major shareholder Aron R. English sold 38,431 shares of L.B. Foster stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $28.05, for a total transaction of $1,077,989.55. Following the completion of the sale, the insider directly owned 1,027,255 shares of the company’s stock, valued at $28,814,502.75. The trade was a 3.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.60% of the stock is currently owned by company insiders.
Institutional Trading of L.B. Foster
Several institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank raised its holdings in shares of 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 purchasing an additional 1,145 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of L.B. Foster during the first quarter valued at approximately $47,000. Tower Research Capital LLC TRC boosted 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 valued at $47,000 after purchasing an additional 1,395 shares in the last quarter. State of Wyoming purchased a new position in L.B. Foster during the second quarter valued at approximately $122,000. Finally, BNP Paribas Financial Markets increased its holdings in L.B. Foster by 469.1% during the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after buying an additional 4,752 shares during the period. 80.63% of the stock is currently owned by institutional investors.
L.B. Foster Company Profile
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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