L.B. Foster (NASDAQ:FSTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of L.B. Foster (NASDAQ:FSTR) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

A number of other research firms also recently commented on FSTR. Singular Research upgraded shares of L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of L.B. Foster in a research report on Monday, December 29th. Finally, Zacks Research upgraded L.B. Foster from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, L.B. Foster presently has a consensus rating of “Hold” and a consensus target price of $25.00.

L.B. Foster Price Performance

Shares of L.B. Foster stock opened at $31.63 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $29.00 and its two-hundred day moving average price is $27.10. L.B. Foster has a 52 week low of $17.16 and a 52 week high of $32.63. The stock has a market cap of $328.64 million, a PE ratio of 70.29 and a beta of 1.01.

Insider Buying and Selling

In other L.B. Foster news, major shareholder Aron R. English sold 34,025 shares of L.B. Foster stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $26.79, for a total transaction of $911,529.75. Following the transaction, the insider directly owned 1,204,558 shares in the company, valued at approximately $32,270,108.82. The trade was a 2.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 106,898 shares of company stock valued at $2,872,527. Company insiders own 4.70% of the company’s stock.

Institutional Trading of L.B. Foster

Several hedge funds and other institutional investors have recently modified their holdings of FSTR. First Horizon Advisors Inc. raised its position in L.B. Foster by 250.1% during the second quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock valued at $29,000 after buying an additional 963 shares during the period. Comerica Bank boosted its position in L.B. Foster by 356.7% during the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 1,145 shares during the period. Tower Research Capital LLC TRC grew its stake in L.B. Foster by 189.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 1,395 shares in the last quarter. State of Wyoming acquired a new position in shares of L.B. Foster in the 2nd quarter valued at about $122,000. Finally, BNP Paribas Financial Markets lifted its position in shares of L.B. Foster by 469.1% in the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock worth $155,000 after purchasing an additional 4,752 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

About L.B. Foster

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.