L.B. Foster (NASDAQ:FSTR) Issues Quarterly Earnings Results

L.B. Foster (NASDAQ:FSTR) issued its quarterly earnings results on Monday. The basic materials company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11), FiscalAI reports. L.B. Foster had a return on equity of 6.36% and a net margin of 1.98%.The business had revenue of $138.55 million during the quarter, compared to the consensus estimate of $134.49 million.

L.B. Foster Price Performance

FSTR stock opened at $41.27 on Monday. L.B. Foster has a twelve month low of $21.67 and a twelve month high of $45.81. The company has a market cap of $431.68 million, a PE ratio of 40.07, a price-to-earnings-growth ratio of 0.66 and a beta of 1.15. The business’s 50-day simple moving average is $42.38 and its 200 day simple moving average is $35.59. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.34.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of L.B. Foster in a research note on Friday. Zacks Research lowered shares of L.B. Foster from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.00.

Hedge Funds Weigh In On L.B. Foster

Several large investors have recently added to or reduced their stakes in FSTR. Geode Capital Management LLC grew its holdings in shares of L.B. Foster by 7.4% during the 2nd quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock worth $5,207,000 after purchasing an additional 16,320 shares in the last quarter. Rhumbline Advisers raised its stake in shares of L.B. Foster by 5.7% in the second quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock valued at $211,000 after purchasing an additional 525 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of L.B. Foster in the second quarter valued at $201,000. First Trust Advisors LP lifted 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 period. Finally, Ameriprise Financial Inc. lifted its position in L.B. Foster by 15.2% in the second quarter. Ameriprise Financial Inc. now owns 52,527 shares of the basic materials company’s stock worth $1,149,000 after purchasing an additional 6,920 shares during the period. 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.