L.B. Foster (NASDAQ:FSTR) Major Shareholder Aron English Sells 400 Shares

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 400 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $27.00, for a total value of $10,800.00. Following the completion of the sale, the insider owned 1,297,944 shares of the company’s stock, valued at approximately $35,044,488. This trade represents a 0.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

L.B. Foster Price Performance

FSTR stock traded down $0.22 during trading hours on Tuesday, hitting $26.28. 18,020 shares of the stock traded hands, compared to its average volume of 34,453. The stock has a 50-day simple moving average of $26.91 and a 200 day simple moving average of $23.69. The company has a market cap of $273.13 million, a P/E ratio of 7.92 and a beta of 0.97. L.B. Foster Company has a one year low of $17.16 and a one year high of $29.77. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.21). L.B. Foster had a return on equity of 3.64% and a net margin of 7.19%.The business had revenue of $138.29 million during the quarter, compared to the consensus estimate of $154.38 million. L.B. Foster has set its FY 2025 guidance at EPS. Equities analysts forecast that L.B. Foster Company will post 1.16 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on FSTR shares. Wall Street Zen raised shares of L.B. Foster from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Zacks Research raised L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of L.B. Foster in a research note on Thursday. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, L.B. Foster has a consensus rating of “Hold” and a consensus price target of $25.00.

Institutional Investors Weigh In On L.B. Foster

A number of large investors have recently made changes to their positions in FSTR. Qube Research & Technologies Ltd grew its position in L.B. Foster by 20.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 38,757 shares of the basic materials company’s stock worth $1,045,000 after purchasing an additional 6,571 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of L.B. Foster in the third quarter valued at $409,000. Bridgeway Capital Management LLC boosted its position in shares of L.B. Foster by 13.6% in the third quarter. Bridgeway Capital Management LLC now owns 58,249 shares of the basic materials company’s stock worth $1,570,000 after buying an additional 6,964 shares during the period. Comerica Bank boosted its position in shares of L.B. Foster by 356.7% in the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after buying an additional 1,145 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of L.B. Foster by 469.1% during the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after buying an additional 4,752 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 provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.