L.B. Foster (NASDAQ:FSTR) Rating Lowered to “Hold” at Wall Street Zen

L.B. Foster (NASDAQ:FSTR) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a report issued on Saturday.

FSTR has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of L.B. Foster in a report on Friday, August 7th. Zacks Research cut L.B. Foster from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.00.

L.B. Foster Stock Performance

NASDAQ FSTR opened at $38.74 on Friday. L.B. Foster has a 12-month low of $22.32 and a 12-month high of $45.81. The firm has a 50-day moving average price of $42.06 and a two-hundred day moving average price of $35.92. The company has a market capitalization of $407.54 million, a P/E ratio of 36.90, a P/E/G ratio of 0.59 and a beta of 1.15. The company has a quick ratio of 1.15, a current ratio of 2.00 and a debt-to-equity ratio of 0.27.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings results on Monday, August 10th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $138.55 million during the quarter, compared to the consensus estimate of $134.49 million. L.B. Foster had a net margin of 2.04% and a return on equity of 7.61%. Analysts anticipate that L.B. Foster will post 1.81 earnings per share for the current year.

Institutional Trading of L.B. Foster

Several large investors have recently bought and sold shares of FSTR. Geode Capital Management LLC grew its position in L.B. Foster by 7.4% in the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock valued at $5,207,000 after acquiring an additional 16,320 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of L.B. Foster by 5.7% in the second 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 last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of L.B. Foster in the second quarter worth about $201,000. First Trust Advisors LP boosted its stake in shares of 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 purchasing an additional 461 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of L.B. Foster by 15.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 52,527 shares of the basic materials company’s stock valued at $1,149,000 after purchasing an additional 6,920 shares in the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.

About L.B. Foster

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.