Gamco Investors INC. ET AL Has $24.74 Million Position in L.B. Foster Company $FSTR

Gamco Investors INC. ET AL reduced its stake in shares of L.B. Foster Company (NASDAQ:FSTR) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 918,100 shares of the basic materials company’s stock after selling 15,400 shares during the quarter. Gamco Investors INC. ET AL owned about 0.09% of L.B. Foster worth $24,743,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC raised 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 valued at $5,207,000 after acquiring an additional 16,320 shares in the last quarter. Teton Advisors LLC bought a new position in L.B. Foster during the third quarter valued at approximately $3,767,000. Bridgeway Capital Management LLC raised its position in L.B. Foster by 13.6% during the third quarter. Bridgeway Capital Management LLC now owns 58,249 shares of the basic materials company’s stock valued at $1,570,000 after acquiring an additional 6,964 shares in the last quarter. Ameriprise Financial Inc. raised its position in L.B. Foster by 15.2% during the second quarter. Ameriprise Financial Inc. now owns 52,527 shares of the basic materials company’s stock valued at $1,149,000 after acquiring an additional 6,920 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position 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 valued at $1,045,000 after acquiring an additional 6,571 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Zacks Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. B. Riley Financial raised their price objective on shares of L.B. Foster from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings raised shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One 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 has a consensus rating of “Hold” and a consensus price target of $32.00.

L.B. Foster Stock Performance

NASDAQ:FSTR opened at $38.79 on Monday. L.B. Foster Company has a 12 month low of $18.18 and a 12 month high of $42.53. The firm has a market cap of $405.74 million, a price-to-earnings ratio of 37.66 and a beta of 1.06. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $31.20 and its 200-day moving average is $29.52.

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

Insider Activity at L.B. Foster

In other news, major shareholder Aron R. English sold 78,414 shares of L.B. Foster stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $28.51, for a total value of $2,235,583.14. Following the transaction, the insider owned 1,107,508 shares of the company’s stock, valued at $31,575,053.08. This trade represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 152,074 shares of company stock valued at $4,325,623 over the last 90 days. Company insiders own 7.60% of the company’s stock.

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.