Wall Street Zen Upgrades L.B. Foster (NASDAQ:FSTR) to “Strong-Buy”

L.B. Foster (NASDAQ:FSTR) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued reports about the company. Weiss Ratings restated a “hold (c-)” rating on shares of L.B. Foster in a research report on Monday, December 29th. Singular Research raised L.B. Foster to a “moderate buy” rating in a research note on Monday, November 17th. Finally, Zacks Research cut L.B. Foster from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.00.

L.B. Foster Price Performance

L.B. Foster stock opened at $28.40 on Friday. The company has a fifty day simple moving average of $27.30 and a 200-day simple moving average of $25.90. The firm has a market capitalization of $295.08 million, a price-to-earnings ratio of 63.11 and a beta of 1.00. The company has a quick ratio of 1.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.33. L.B. Foster has a 52-week low of $17.16 and a 52-week high of $29.42.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 anticipate that L.B. Foster will post 1.16 EPS for the current fiscal year.

Insider Transactions at L.B. Foster

In related news, major shareholder Aron R. English sold 34,025 shares of L.B. Foster stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $26.79, for a total value of $911,529.75. Following the completion of the transaction, the insider owned 1,204,558 shares in the company, valued at approximately $32,270,108.82. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian H. Kelly sold 10,000 shares of L.B. Foster stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $27.15, for a total value of $271,500.00. Following the completion of the transaction, the chief executive officer owned 79,027 shares of the company’s stock, valued at $2,145,583.05. The trade was a 11.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 132,075 shares of company stock valued at $3,561,116 over the last 90 days. 4.70% of the stock is currently owned by company insiders.

Institutional Trading of L.B. Foster

A number of large investors have recently bought and sold shares of FSTR. Brandes Investment Partners LP boosted its holdings in 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 last quarter. Marion Wealth Management purchased a new position in L.B. Foster in the 2nd quarter valued at about $210,000. Janney Montgomery Scott LLC acquired a new position in shares of L.B. Foster in the second quarter worth about $489,000. Envestnet Asset Management Inc. boosted its stake in shares of L.B. Foster by 29.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company’s stock valued at $292,000 after buying an additional 3,030 shares during the last quarter. Finally, Minerva Advisors LLC grew its position in shares of L.B. Foster by 5.2% during the second quarter. Minerva Advisors LLC now owns 83,965 shares of the basic materials company’s stock worth $1,831,000 after buying an additional 4,167 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

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.