Renaissance Technologies LLC Sells 14,200 Shares of L.B. Foster Company $FSTR

Renaissance Technologies LLC lessened its stake in shares of L.B. Foster Company (NASDAQ:FSTR) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,382 shares of the basic materials company’s stock after selling 14,200 shares during the period. Renaissance Technologies LLC’s holdings in L.B. Foster were worth $8,827,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FSTR. Bragg Financial Advisors Inc lifted its stake in shares of L.B. Foster by 0.4% in the fourth quarter. Bragg Financial Advisors Inc now owns 113,765 shares of the basic materials company’s stock worth $3,066,000 after buying an additional 416 shares during the last quarter. First Trust Advisors LP grew its stake in L.B. Foster by 1.5% in the 2nd quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company’s stock valued at $701,000 after buying an additional 461 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in L.B. Foster by 2.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,763 shares of the basic materials company’s stock valued at $635,000 after buying an additional 482 shares during the last quarter. Rhumbline Advisers raised its holdings in L.B. Foster by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 525 shares during the period. Finally, Comerica Bank raised its holdings in 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 during the period. Institutional investors own 80.63% of the company’s stock.

L.B. Foster Price Performance

FSTR opened at $41.13 on Monday. The business has a 50 day moving average of $42.19 and a 200-day moving average of $35.14. The stock has a market capitalization of $430.22 million, a price-to-earnings ratio of 39.93, a P/E/G ratio of 0.66 and a beta of 1.15. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 0.34. L.B. Foster Company has a 1-year low of $21.67 and a 1-year high of $45.81.

L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Monday, May 4th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.36. The business had revenue of $121.14 million for the quarter, compared to analyst estimates of $104.30 million. L.B. Foster had a net margin of 1.98% and a return on equity of 6.36%. As a group, sell-side analysts anticipate that L.B. Foster Company will post 1.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Zacks Research downgraded 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 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.00.

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.