Insider Selling: L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells $129,264.00 in Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 4,800 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $26.93, for a total transaction of $129,264.00. Following the completion of the sale, the insider owned 1,249,831 shares in the company, valued at $33,657,948.83. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

L.B. Foster Stock Up 2.2%

NASDAQ:FSTR traded up $0.59 during trading hours on Wednesday, hitting $26.87. The company’s stock had a trading volume of 51,353 shares, compared to its average volume of 22,194. The stock has a market capitalization of $279.18 million, a P/E ratio of 59.71 and a beta of 1.00. The stock has a fifty day moving average of $26.71 and a 200-day moving average of $24.56. The company has a current ratio of 2.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.33. L.B. Foster Company has a 52-week low of $17.16 and a 52-week high of $29.77.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data on Monday, November 3rd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.21). L.B. Foster had a return on equity of 2.79% and a net margin of 0.96%.The business had revenue of $138.29 million for the quarter, compared to analyst estimates of $154.38 million. On average, equities analysts forecast that L.B. Foster Company will post 1.16 earnings per share for the current year.

Analyst Ratings Changes

FSTR has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of L.B. Foster from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Singular Research upgraded shares of L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. Zacks Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of L.B. Foster in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.00.

Institutional Trading of L.B. Foster

Several hedge funds have recently modified their holdings of FSTR. Janney Montgomery Scott LLC purchased a new stake in L.B. Foster during the second quarter worth about $489,000. Envestnet Asset Management Inc. increased its stake in L.B. Foster by 29.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company’s stock valued at $292,000 after purchasing an additional 3,030 shares in the last quarter. Marion Wealth Management acquired a new position in L.B. Foster during the second quarter worth $210,000. First Horizon Advisors Inc. raised its holdings in L.B. Foster by 250.1% during the second quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 963 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in L.B. Foster by 7.4% during the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock worth $5,207,000 after purchasing an additional 16,320 shares in the last quarter. 80.63% of the stock is 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.