Aron English Sells 78,414 Shares of L.B. Foster (NASDAQ:FSTR) Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 78,414 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $28.51, for a total transaction of $2,235,583.14. Following the transaction, the insider owned 1,107,508 shares of the company’s stock, valued at approximately $31,575,053.08. The trade was a 6.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

L.B. Foster Stock Performance

NASDAQ FSTR traded down $0.01 during trading hours on Wednesday, reaching $28.04. 33,973 shares of the company were exchanged, compared to its average volume of 25,484. The stock has a market capitalization of $289.09 million, a P/E ratio of 40.64 and a beta of 0.99. The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 0.24. L.B. Foster Company has a 1 year low of $17.16 and a 1 year high of $32.63. The business’s 50 day simple moving average is $29.92 and its 200-day simple moving average is $28.13.

L.B. Foster (NASDAQ:FSTR) last released its earnings results on Tuesday, March 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.44). L.B. Foster had a net margin of 1.40% and a return on equity of 4.32%. The company had revenue of $160.37 million during the quarter, compared to analysts’ expectations of $158.83 million. On average, equities research analysts expect that L.B. Foster Company will post 1.16 earnings per share for the current year.

Institutional Trading of L.B. Foster

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bragg Financial Advisors Inc lifted its stake in shares of L.B. Foster by 0.4% during the 4th quarter. Bragg Financial Advisors Inc now owns 113,765 shares of the basic materials company’s stock valued at $3,066,000 after buying an additional 416 shares in the last quarter. First Trust Advisors LP grew its stake in L.B. Foster by 1.5% in the 2nd quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company’s stock valued at $701,000 after buying an additional 461 shares in the last quarter. Rhumbline Advisers raised its holdings in L.B. Foster by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock valued at $211,000 after acquiring an additional 525 shares during the period. Comerica Bank lifted its position in shares of L.B. Foster by 356.7% during the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 1,145 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of L.B. Foster by 9.1% during the fourth quarter. Empowered Funds LLC now owns 15,433 shares of the basic materials company’s stock worth $416,000 after acquiring an additional 1,284 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen downgraded L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. B. Riley Financial boosted their target price on L.B. Foster from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of L.B. Foster in a research report on Monday, December 29th. Finally, Zacks Research downgraded L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $32.00.

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.