L.B. Foster (NASDAQ:FSTR) Upgraded at StockNews.com

StockNews.com upgraded shares of L.B. Foster (NASDAQ:FSTR) from a buy rating to a strong-buy rating in a report released on Tuesday morning.

Separately, B. Riley boosted their price target on shares of L.B. Foster from $23.00 to $27.00 and gave the company a neutral rating in a report on Friday, May 10th.

L.B. Foster Price Performance

L.B. Foster stock traded up $0.22 during mid-day trading on Tuesday, hitting $18.23. The company’s stock had a trading volume of 84,178 shares, compared to its average volume of 61,210. The stock has a market capitalization of $199.87 million, a P/E ratio of 24.97 and a beta of 0.86. The company has a quick ratio of 1.15, a current ratio of 2.17 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average price is $22.60 and its two-hundred day moving average price is $24.28. L.B. Foster has a twelve month low of $14.23 and a twelve month high of $30.77.

L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). The company had revenue of $140.80 million for the quarter, compared to analyst estimates of $137.36 million. L.B. Foster had a return on equity of 3.19% and a net margin of 1.46%. During the same period last year, the firm earned $0.32 earnings per share. Research analysts forecast that L.B. Foster will post 1.4 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in L.B. Foster stock. Lazard Asset Management LLC lifted its stake in L.B. Foster (NASDAQ:FSTR) by 760.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,789 shares of the basic materials company’s stock after purchasing an additional 1,581 shares during the quarter. Lazard Asset Management LLC’s holdings in L.B. Foster were worth $48,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 80.63% of the stock is currently owned by institutional investors and hedge funds.

L.B. Foster Company Profile

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.