L.B. Foster (NASDAQ:FSTR) Downgraded by ValuEngine

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ValuEngine lowered shares of L.B. Foster (NASDAQ:FSTR) from a hold rating to a sell rating in a research report sent to investors on Monday morning, ValuEngine reports.

A number of other equities analysts also recently commented on FSTR. B. Riley set a $30.00 target price on shares of L.B. Foster and gave the company a buy rating in a research note on Friday, June 14th. Zacks Investment Research raised shares of L.B. Foster from a hold rating to a buy rating and set a $30.00 target price on the stock in a research note on Wednesday, July 31st. Finally, BidaskClub downgraded shares of L.B. Foster from a hold rating to a sell rating in a research note on Thursday, August 8th.

Shares of FSTR stock opened at $21.73 on Monday. The company’s fifty day simple moving average is $25.27 and its 200-day simple moving average is $21.95. L.B. Foster has a 52 week low of $13.91 and a 52 week high of $27.80. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The company has a market cap of $228.15 million, a PE ratio of 11.17 and a beta of 1.79.

L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Tuesday, July 30th. The basic materials company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.39. L.B. Foster had a negative net margin of 3.36% and a positive return on equity of 15.15%. The business had revenue of $200.93 million for the quarter, compared to the consensus estimate of $178.85 million. Equities research analysts expect that L.B. Foster will post 2.18 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rutabaga Capital Management LLC MA acquired a new stake in L.B. Foster during the 1st quarter valued at $1,391,000. Northern Trust Corp grew its holdings in L.B. Foster by 0.8% during the 4th quarter. Northern Trust Corp now owns 122,962 shares of the basic materials company’s stock valued at $1,955,000 after purchasing an additional 1,025 shares in the last quarter. Bragg Financial Advisors Inc grew its holdings in L.B. Foster by 10.4% during the 1st quarter. Bragg Financial Advisors Inc now owns 97,710 shares of the basic materials company’s stock valued at $1,839,000 after purchasing an additional 9,203 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in L.B. Foster by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 662,448 shares of the basic materials company’s stock valued at $10,533,000 after purchasing an additional 11,863 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in L.B. Foster by 22.0% during the 4th quarter. Bank of New York Mellon Corp now owns 47,737 shares of the basic materials company’s stock valued at $759,000 after purchasing an additional 8,597 shares in the last quarter. 69.76% of the stock is owned by institutional investors and hedge funds.

About L.B. Foster

L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and other accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.

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