L.B. Foster (NASDAQ:FSTR) Major Shareholder Aron English Sells 1,307 Shares

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 1,307 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $27.09, for a total value of $35,406.63. Following the sale, the insider directly owned 1,264,497 shares in the company, valued at $34,255,223.73. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

L.B. Foster Stock Performance

L.B. Foster stock traded down $0.44 during mid-day trading on Tuesday, reaching $26.04. 10,153 shares of the stock traded hands, compared to its average volume of 23,106. The business’s 50-day moving average is $26.74 and its 200-day moving average is $24.21. The stock has a market capitalization of $270.56 million, a PE ratio of 58.84 and a beta of 1.00. L.B. Foster Company has a 12-month low of $17.16 and a 12-month high of $29.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.21 and a quick ratio of 1.21.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data 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 0.96% and a return on equity of 2.79%. The company had revenue of $138.29 million for the quarter, compared to the consensus estimate of $154.38 million. As a group, sell-side analysts predict that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On L.B. Foster

Several institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. lifted its holdings in shares of L.B. Foster by 250.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 963 shares during the period. Comerica Bank raised its position in L.B. Foster by 356.7% during 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. Tower Research Capital LLC TRC lifted its stake in L.B. Foster by 189.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 1,395 shares during the last quarter. State of Wyoming acquired a new stake in shares of L.B. Foster in the 2nd quarter valued at $122,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of L.B. Foster by 469.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 4,752 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FSTR has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of L.B. Foster in a research report on Monday. Zacks Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Wall Street Zen raised shares of L.B. Foster from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Singular Research raised L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, L.B. Foster currently has an average rating of “Hold” and a consensus target price of $25.00.

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.