Aron English Sells 27,003 Shares of L.B. Foster (NASDAQ:FSTR) Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 27,003 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $26.84, for a total value of $724,760.52. Following the completion of the transaction, the insider directly owned 1,267,529 shares in the company, valued at approximately $34,020,478.36. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

L.B. Foster Stock Performance

NASDAQ:FSTR opened at $26.95 on Thursday. The company has a quick ratio of 1.43, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. L.B. Foster Company has a twelve month low of $17.16 and a twelve month high of $29.77. The company has a fifty day moving average of $26.80 and a 200-day moving average of $24.02. The firm has a market capitalization of $280.09 million, a P/E ratio of 8.12 and a beta of 0.97.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd grew its holdings in L.B. Foster by 20.4% during the third quarter. Qube Research & Technologies Ltd now owns 38,757 shares of the basic materials company’s stock worth $1,045,000 after buying an additional 6,571 shares in the last quarter. Ancora Advisors LLC purchased a new position in L.B. Foster during the 3rd quarter worth $409,000. Bridgeway Capital Management LLC grew its stake in shares of L.B. Foster by 13.6% in the 3rd quarter. Bridgeway Capital Management LLC now owns 58,249 shares of the basic materials company’s stock worth $1,570,000 after acquiring an additional 6,964 shares in the last quarter. Comerica Bank grew its stake in shares of L.B. Foster by 356.7% in 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 in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings 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 valued at $155,000 after purchasing an additional 4,752 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FSTR shares. Singular Research raised L.B. Foster to a “moderate buy” rating in a research report on Monday, November 17th. Zacks Research upgraded L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen raised L.B. Foster from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of L.B. Foster in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, L.B. Foster currently has a consensus rating of “Hold” and a consensus price target of $25.00.

L.B. Foster Company Profile

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.