L.B. Foster (NASDAQ:FSTR) CEO Brian Kelly Sells 10,000 Shares of Stock

L.B. Foster Company (NASDAQ:FSTR) CEO Brian Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $27.15, for a total transaction of $271,500.00. Following the completion of the sale, the chief executive officer owned 79,027 shares in the company, valued at $2,145,583.05. The trade was a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

L.B. Foster Stock Performance

Shares of FSTR stock opened at $28.10 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $26.89 and a 200 day moving average price of $23.45. The company has a market cap of $292.04 million, a P/E ratio of 8.46 and a beta of 0.97. L.B. Foster Company has a 12 month low of $17.16 and a 12 month high of $29.77.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.21). The business had revenue of $138.29 million during the quarter, compared to analyst estimates of $154.38 million. L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. L.B. Foster has set its FY 2025 guidance at EPS. Sell-side analysts predict that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of L.B. Foster in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of L.B. Foster from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, 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. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.00.

Institutional Trading of L.B. Foster

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its stake in shares of L.B. Foster by 250.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 963 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 period. State of Wyoming purchased a new position in L.B. Foster in the 2nd quarter valued at $122,000. Arrowstreet Capital Limited Partnership acquired a new position in L.B. Foster in the 2nd quarter valued at $201,000. Finally, Marion Wealth Management purchased a new position in L.B. Foster during the 2nd quarter worth $210,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

About L.B. Foster

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.