L.B. Foster (NASDAQ:FSTR) Major Shareholder Aron English Sells 78,414 Shares

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 78,414 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $28.51, for a total transaction of $2,235,583.14. Following the completion of the transaction, the insider directly owned 1,107,508 shares in the company, valued at $31,575,053.08. This trade represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

L.B. Foster Stock Down 0.0%

Shares of NASDAQ:FSTR traded down $0.01 during midday trading on Wednesday, hitting $28.04. 33,973 shares of the company’s stock were exchanged, compared to its average volume of 25,484. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.87 and a quick ratio of 1.15. The stock has a 50 day moving average price of $29.92 and a 200-day moving average price of $28.13. The company has a market cap of $289.09 million, a PE ratio of 40.64 and a beta of 0.99. L.B. Foster Company has a 12 month low of $17.16 and a 12 month high of $32.63.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results on Tuesday, March 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.44). The business had revenue of $160.37 million during the quarter, compared to the consensus estimate of $158.83 million. L.B. Foster had a net margin of 1.40% and a return on equity of 4.32%. On average, sell-side analysts anticipate that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on FSTR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of L.B. Foster in a research report on Monday, December 29th. Zacks Research cut L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Wall Street Zen downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Finally, B. Riley Financial upped their target price 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 research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Hedge Funds Weigh In On L.B. Foster

A number of hedge funds and other institutional investors have recently modified their holdings of FSTR. Bragg Financial Advisors Inc increased its position in shares of L.B. Foster by 0.4% during the fourth quarter. Bragg Financial Advisors Inc now owns 113,765 shares of the basic materials company’s stock valued at $3,066,000 after acquiring an additional 416 shares during the last quarter. First Trust Advisors LP boosted its position in L.B. Foster by 1.5% in the second quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company’s stock worth $701,000 after purchasing an additional 461 shares during the last quarter. Rhumbline Advisers boosted its position in L.B. Foster by 5.7% in the second quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock worth $211,000 after purchasing an additional 525 shares during the last quarter. Comerica Bank grew its stake in L.B. Foster by 356.7% in the 3rd 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 during the period. Finally, Empowered Funds LLC increased its position in shares of L.B. Foster by 9.1% during the 4th quarter. Empowered Funds LLC now owns 15,433 shares of the basic materials company’s stock valued at $416,000 after purchasing an additional 1,284 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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.