L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells $42,030.00 in Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 1,500 shares of L.B. Foster stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $28.02, for a total transaction of $42,030.00. Following the sale, the insider owned 1,065,686 shares in the company, valued at approximately $29,860,521.72. The trade was a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

L.B. Foster Stock Performance

Shares of L.B. Foster stock opened at $27.99 on Friday. L.B. Foster Company has a twelve month low of $17.16 and a twelve month high of $32.63. The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $29.74 and a 200-day moving average price of $28.16. The firm has a market cap of $288.58 million, a price-to-earnings ratio of 40.57 and a beta of 1.01.

L.B. Foster (NASDAQ:FSTR) last posted its earnings results on Tuesday, March 3rd. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.44). The firm had revenue of $160.37 million during the quarter, compared to analysts’ expectations of $158.83 million. L.B. Foster had a return on equity of 4.32% and a net margin of 1.40%. Equities research analysts anticipate that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FSTR. Zacks Research downgraded L.B. Foster from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Wall Street Zen downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of L.B. Foster in a research report on Monday, December 29th. Finally, B. Riley Financial lifted their price objective on shares of L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.00.

Hedge Funds Weigh In On L.B. Foster

A number of hedge funds have recently added to or reduced their stakes in FSTR. Brandes Investment Partners LP boosted its position in L.B. Foster by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 1,360,415 shares of the basic materials company’s stock valued at $36,663,000 after purchasing an additional 20,371 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of L.B. Foster by 2.0% during the second quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company’s stock valued at $20,782,000 after acquiring an additional 18,272 shares in the last quarter. Geode Capital Management LLC raised its position in shares of L.B. Foster by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock valued at $5,207,000 after purchasing an additional 16,320 shares during the last quarter. State Street Corp raised its position in shares of L.B. Foster by 2.4% in the 4th quarter. State Street Corp now owns 145,647 shares of the basic materials company’s stock valued at $3,925,000 after purchasing an additional 3,349 shares during the last quarter. Finally, Teton Advisors LLC acquired a new stake in L.B. Foster in the 3rd quarter worth approximately $3,767,000. 80.63% of the stock is currently owned by institutional investors.

L.B. Foster Company Profile

L.B. Foster Company is a diversified infrastructure solutions provider offering products and services to the transportation, energy, and construction markets. Founded in 1902 and headquartered in Pittsburgh, Pennsylvania, the company has built a reputation for delivering specialty materials and engineering solutions that support critical infrastructure projects across various industries.

The company’s operations are organized into three primary segments: Rail Products & Services, Construction Products, and Tubular & Energy Products.