Segall Bryant & Hamill LLC reduced its holdings in shares of L.B. Foster Co (NASDAQ:FSTR) by 14.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 23,052 shares of the basic materials company’s stock after selling 3,754 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in L.B. Foster were worth $529,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Strs Ohio increased its position in L.B. Foster by 9.4% during the 2nd quarter. Strs Ohio now owns 29,000 shares of the basic materials company’s stock valued at $665,000 after buying an additional 2,500 shares in the last quarter. Algert Global LLC increased its position in L.B. Foster by 9.2% during the 2nd quarter. Algert Global LLC now owns 102,702 shares of the basic materials company’s stock valued at $2,357,000 after buying an additional 8,669 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in L.B. Foster by 24.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 54,915 shares of the basic materials company’s stock valued at $1,261,000 after buying an additional 10,902 shares in the last quarter. Wells Fargo & Company MN increased its position in L.B. Foster by 630.4% during the 4th quarter. Wells Fargo & Company MN now owns 16,858 shares of the basic materials company’s stock valued at $458,000 after buying an additional 14,550 shares in the last quarter. Finally, Alambic Investment Management L.P. increased its position in L.B. Foster by 68.2% during the 1st quarter. Alambic Investment Management L.P. now owns 51,483 shares of the basic materials company’s stock valued at $1,212,000 after buying an additional 20,874 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Shares of NASDAQ:FSTR opened at $22.85 on Friday. L.B. Foster Co has a 1 year low of $17.90 and a 1 year high of $30.30. The stock has a market cap of $247.71 million, a P/E ratio of 22.12 and a beta of 2.29. The company has a current ratio of 1.95, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66.

L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Tuesday, July 31st. The basic materials company reported $0.47 earnings per share (EPS) for the quarter. L.B. Foster had a return on equity of 7.67% and a net margin of 1.13%. The company had revenue of $172.89 million for the quarter.

Separately, BidaskClub lowered L.B. Foster from a “hold” rating to a “sell” rating in a research report on Thursday.

In other L.B. Foster news, major shareholder Legion Partners Asset Manageme sold 2,300 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $24.37, for a total transaction of $56,051.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.20% of the stock is currently owned by insiders.

L.B. Foster Profile

L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products and Services segment offers new rail for passenger and shortline freight railroads, industrial companies, and rail contractors; used rail; rail accessories, such as track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.

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Institutional Ownership by Quarter for L.B. Foster (NASDAQ:FSTR)

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