L.B. Foster (NASDAQ:FSTR) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of L.B. Foster (NASDAQ:FSTR) from a hold rating to a strong-buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of L.B. Foster from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.00.

L.B. Foster Stock Up 1.7%

L.B. Foster stock opened at $39.75 on Friday. L.B. Foster has a twelve month low of $25.66 and a twelve month high of $45.81. The stock has a 50 day moving average of $36.73 and a two-hundred day moving average of $36.06. The company has a current ratio of 1.89, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $418.17 million, a price-to-earnings ratio of 30.81, a PEG ratio of 0.59 and a beta of 1.17.

L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Wednesday, November 4th. The basic materials company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.04. The company had revenue of $168.00 million for the quarter, compared to the consensus estimate of $152.19 million. L.B. Foster had a return on equity of 8.83% and a net margin of 2.35%. As a group, research analysts expect that L.B. Foster will post 1.86 earnings per share for the current year.

Hedge Funds Weigh In On L.B. Foster

A number of large investors have recently modified their holdings of FSTR. Janney Montgomery Scott LLC grew its holdings in L.B. Foster by 2.2% in the first quarter. Janney Montgomery Scott LLC now owns 22,763 shares of the basic materials company’s stock valued at $635,000 after purchasing an additional 482 shares during the last quarter. Empowered Funds LLC increased its position in shares of L.B. Foster by 8.0% in the first quarter. Empowered Funds LLC now owns 16,665 shares of the basic materials company’s stock valued at $465,000 after buying an additional 1,232 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of L.B. Foster in the first quarter valued at $47,000. Bank of America Corp DE raised its stake in shares of L.B. Foster by 13.3% during the 1st quarter. Bank of America Corp DE now owns 15,941 shares of the basic materials company’s stock worth $445,000 after buying an additional 1,869 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of L.B. Foster by 74.3% during the 1st quarter. Royal Bank of Canada now owns 21,558 shares of the basic materials company’s stock worth $601,000 after buying an additional 9,191 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting L.B. Foster

Here are the key news stories impacting L.B. Foster this week:

• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to $1.84 from $1.79 and its Q4 2026 estimate to $0.58 from $0.57. It also lifted its FY2028 forecast to $2.70 from $2.54 and Q3 2028 to $1.00 from $0.90, signaling improved expectations for those periods. Sidoti estimate revisions
• Positive Sentiment: A recent Q3 2026 deep dive cited strong sales momentum and a new acquisition as factors behind an upbeat outlook. The company’s reported quarterly results also beat consensus estimates for EPS and revenue. FSTR Q3 2026 deep dive
• Neutral Sentiment: Sidoti’s revisions were mixed overall: its FY2027 EPS forecast is now $1.99, below its prior $2.17 estimate, while the new FY2026 and FY2027 forecasts are $1.84 and $1.99, respectively. Sidoti estimate revisions
• Negative Sentiment: Sidoti reduced estimates for Q2 2027 EPS to $0.61 from $0.71 and Q3 2027 to $0.76 from $0.80. It also trimmed Q2 2028 to $0.81 from $0.82, tempering the otherwise more favorable longer-term revisions. Sidoti estimate revisions

About L.B. Foster

L.B. Foster Company (NASDAQ: FSTR) is a Pittsburgh-based manufacturer and supplier of products, technologies and services used in transportation and industrial infrastructure. The company serves customers primarily in the rail, construction and energy markets, providing solutions designed to support the construction, maintenance and operation of critical infrastructure.

In its rail business, L.B. Foster offers rail and track products such as rail joints, fastening systems, track components and related maintenance solutions.