Insider Selling: L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells $266,389.20 in Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 9,765 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $27.28, for a total transaction of $266,389.20. Following the sale, the insider directly owned 1,254,631 shares of the company’s stock, valued at approximately $34,226,333.68. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

L.B. Foster Trading Up 2.2%

FSTR traded up $0.59 during trading on Wednesday, hitting $26.87. 51,353 shares of the company’s stock were exchanged, compared to its average volume of 22,194. L.B. Foster Company has a 1 year low of $17.16 and a 1 year high of $29.77. The stock has a 50 day moving average price of $26.71 and a 200 day moving average price of $24.56. The firm has a market cap of $279.18 million, a P/E ratio of 59.71 and a beta of 1.00. 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 (NASDAQ:FSTR) last posted its earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.21). L.B. Foster had a net margin of 0.96% and a return on equity of 2.79%. The business had revenue of $138.29 million for the quarter, compared to analyst estimates of $154.38 million. As a group, analysts expect that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On L.B. Foster

Several hedge funds and other institutional investors have recently bought and sold shares of FSTR. Qube Research & Technologies Ltd raised its position in shares of L.B. Foster by 20.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 38,757 shares of the basic materials company’s stock valued at $1,045,000 after purchasing an additional 6,571 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of L.B. Foster in the third quarter worth $409,000. Bridgeway Capital Management LLC increased its stake in shares of L.B. Foster by 13.6% in the third quarter. Bridgeway Capital Management LLC now owns 58,249 shares of the basic materials company’s stock worth $1,570,000 after buying an additional 6,964 shares during the last quarter. Comerica Bank raised its holdings in L.B. Foster by 356.7% in the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,145 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in L.B. Foster by 469.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 4,752 shares during the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

About L.B. Foster

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.