Dirk Junge Acquires 1,000 Shares of L.B. Foster Co. (FSTR) Stock
L.B. Foster Co. (NASDAQ:FSTR) Director Dirk Junge bought 1,000 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were acquired at an average price of $11.43 per share, with a total value of $11,430.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
L.B. Foster Co. (NASDAQ:FSTR) opened at 11.80 on Wednesday. The stock’s 50 day moving average is $12.17 and its 200 day moving average is $11.61. The firm’s market capitalization is $121.48 million. L.B. Foster Co. has a one year low of $8.80 and a one year high of $20.77.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Laurion Capital Management LP acquired a new position in L.B. Foster during the second quarter worth $345,000. Snow Capital Management LP raised its position in L.B. Foster by 4.4% in the second quarter. Snow Capital Management LP now owns 493,441 shares of the company’s stock worth $5,374,000 after buying an additional 20,600 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new position in L.B. Foster during the second quarter worth $338,000. Dimensional Fund Advisors LP raised its position in L.B. Foster by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 555,667 shares of the company’s stock worth $6,051,000 after buying an additional 35,981 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in L.B. Foster during the second quarter worth $154,000. Institutional investors and hedge funds own 57.93% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a report on Thursday, November 10th.
L.B. Foster Company Profile
L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.
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