L.B. Foster (NASDAQ:FSTR) Lowered to Hold Rating by Zacks Research

L.B. Foster (NASDAQ:FSTR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on FSTR. Weiss Ratings raised L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.00.

L.B. Foster Trading Down 3.1%

Shares of NASDAQ:FSTR opened at $42.25 on Monday. L.B. Foster has a 52-week low of $21.67 and a 52-week high of $45.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.28 and a current ratio of 2.22. The company has a market capitalization of $441.94 million, a P/E ratio of 41.02 and a beta of 1.14. The company has a 50-day simple moving average of $40.70 and a 200 day simple moving average of $33.37.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data on Monday, May 4th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.36. L.B. Foster had a return on equity of 6.36% and a net margin of 1.98%.The firm had revenue of $121.14 million for the quarter, compared to analyst estimates of $104.30 million. Sell-side analysts forecast that L.B. Foster will post 1.74 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brandes Investment Partners LP lifted its holdings in shares of L.B. Foster by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 1,360,415 shares of the basic materials company’s stock worth $36,663,000 after buying an additional 20,371 shares in the last quarter. Geode Capital Management LLC increased its position in L.B. Foster by 7.4% during the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock worth $5,207,000 after acquiring an additional 16,320 shares during the period. State Street Corp raised its stake in L.B. Foster by 2.4% in the 4th quarter. State Street Corp now owns 145,647 shares of the basic materials company’s stock worth $3,925,000 after purchasing an additional 3,349 shares in the last quarter. Bragg Financial Advisors Inc raised its stake in L.B. Foster by 0.4% in the 4th quarter. Bragg Financial Advisors Inc now owns 113,765 shares of the basic materials company’s stock worth $3,066,000 after purchasing an additional 416 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings in L.B. Foster by 593.7% in the 4th quarter. Wealthspire Advisors LLC now owns 68,923 shares of the basic materials company’s stock valued at $1,857,000 after purchasing an additional 58,988 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

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.