Insider Selling: L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells $46,471.50 in Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 1,725 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $26.94, for a total transaction of $46,471.50. Following the completion of the transaction, the insider directly owned 1,265,804 shares in the company, valued at $34,100,759.76. This represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

L.B. Foster Price Performance

Shares of FSTR stock opened at $26.95 on Friday. The company has a market capitalization of $280.09 million, a P/E ratio of 8.12 and a beta of 0.97. The company’s 50-day simple moving average is $26.78 and its two-hundred day simple moving average is $24.04. L.B. Foster Company has a one year low of $17.16 and a one year high of $29.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 1.43.

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 the consensus estimate of $0.61 by ($0.21). L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. 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, equities analysts anticipate that L.B. Foster Company will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

FSTR has been the topic of several research reports. Wall Street Zen upgraded L.B. Foster from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Singular Research raised shares of L.B. Foster to a “moderate buy” rating in a research report on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of L.B. Foster in a report on Wednesday, November 19th. Finally, Zacks Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.00.

Institutional Trading of L.B. Foster

Several hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. grew its position 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 worth $29,000 after buying an additional 963 shares during the last quarter. Comerica Bank boosted its stake in L.B. Foster by 356.7% in the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,145 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in L.B. Foster by 189.5% in 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 last quarter. State of Wyoming acquired a new position in shares of L.B. Foster during the second quarter worth $122,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of L.B. Foster by 469.1% during the 3rd 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. 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.