L.B. Foster (NASDAQ:FSTR) Upgraded at Singular Research

Singular Research upgraded shares of L.B. Foster (NASDAQ:FSTR) to a moderate buy rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also commented on FSTR. Wall Street Zen raised shares of L.B. Foster from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings restated a “hold (c-)” rating on shares of L.B. Foster in a research report on Thursday, November 13th. Finally, Zacks Research upgraded L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, L.B. Foster has an average rating of “Hold” and an average target price of $25.00.

L.B. Foster Trading Up 1.5%

FSTR stock traded up $0.40 during midday trading on Monday, reaching $27.04. The stock had a trading volume of 1,681 shares, compared to its average volume of 34,234. The firm has a market cap of $280.97 million, a price-to-earnings ratio of 8.14 and a beta of 0.97. L.B. Foster has a twelve month low of $17.16 and a twelve month high of $29.77. The company has a quick ratio of 1.43, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $26.90 and a two-hundred day simple moving average of $23.75.

L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.21). L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. 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. As a group, research analysts expect that L.B. Foster will post 1.16 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Aron R. English sold 2,247 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $27.00, for a total transaction of $60,669.00. Following the sale, the insider owned 1,298,344 shares of the company’s stock, valued at $35,055,288. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian H. Kelly sold 10,000 shares of L.B. Foster stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $27.15, for a total value of $271,500.00. Following the transaction, the chief executive officer owned 79,027 shares in the company, valued at $2,145,583.05. This trade represents a 11.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 25,177 shares of company stock valued at $688,589 over the last 90 days. Corporate insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd raised its holdings in shares of L.B. Foster by 20.4% during the third quarter. Qube Research & Technologies Ltd now owns 38,757 shares of the basic materials company’s stock worth $1,045,000 after acquiring an additional 6,571 shares during the period. Ancora Advisors LLC bought a new position in L.B. Foster during the 3rd quarter worth about $409,000. Bridgeway Capital Management LLC raised its stake in shares of L.B. Foster by 13.6% in the 3rd quarter. Bridgeway Capital Management LLC now owns 58,249 shares of the basic materials company’s stock valued at $1,570,000 after purchasing an additional 6,964 shares during the period. Comerica Bank lifted its holdings 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 valued at $40,000 after purchasing an additional 1,145 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position 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 worth $155,000 after buying an additional 4,752 shares during the period. 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.