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

Shares of L.B. Foster Company (NASDAQ:FSTR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.97 and traded as high as $29.24. L.B. Foster shares last traded at $28.35, with a volume of 43,175 shares changing hands.

Wall Street Analysts Forecast Growth

FSTR has been the topic of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of L.B. Foster in a report on Monday, December 8th. Zacks Research upgraded L.B. Foster from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Wall Street Zen raised L.B. Foster from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Singular Research upgraded L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.00.

L.B. Foster Trading Down 1.5%

The firm has a fifty day moving average of $26.98 and a two-hundred day moving average of $25.01. The company has a market cap of $294.56 million, a PE ratio of 63.00 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 released its quarterly earnings data on Monday, November 3rd. The basic materials company reported $0.40 EPS 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 analysts’ expectations of $154.38 million. As a group, sell-side analysts predict that L.B. Foster Company will post 1.16 EPS for the current year.

Insider Activity

In related news, major shareholder Aron R. English sold 13,512 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $26.79, for a total transaction of $361,986.48. Following the sale, the insider owned 1,191,046 shares of the company’s stock, valued at approximately $31,908,122.34. This represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 132,075 shares of company stock worth $3,561,116. Insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On L.B. Foster

Institutional investors and hedge funds have recently modified their holdings of the company. Brandes Investment Partners LP boosted its position in shares of L.B. Foster by 17.1% in the second quarter. Brandes Investment Partners LP now owns 1,179,015 shares of the basic materials company’s stock valued at $25,785,000 after acquiring an additional 172,492 shares during the period. Teton Advisors LLC purchased a new stake in L.B. Foster in the 3rd quarter worth approximately $3,767,000. Bridgeway Capital Management LLC boosted its holdings in L.B. Foster by 161.7% in the 2nd 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 during the period. Redmont Wealth Advisors LLC purchased a new position in shares of L.B. Foster during the 3rd quarter valued at $738,000. Finally, Janney Montgomery Scott LLC bought a new stake in L.B. Foster during the second quarter valued at $489,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

About L.B. Foster

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.