L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells $76,292.44 in Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 2,716 shares of L.B. Foster stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $28.09, for a total transaction of $76,292.44. Following the sale, the insider directly owned 1,078,903 shares of the company’s stock, valued at $30,306,385.27. This represents a 0.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

L.B. Foster Trading Down 0.0%

Shares of NASDAQ FSTR traded down $0.01 during trading hours on Wednesday, reaching $28.04. The stock had a trading volume of 33,973 shares, compared to its average volume of 25,484. L.B. Foster Company has a 52-week low of $17.16 and a 52-week high of $32.63. The firm has a market cap of $289.09 million, a price-to-earnings ratio of 40.64 and a beta of 0.99. The business’s fifty day moving average price is $29.92 and its two-hundred day moving average price is $28.13. The company has a current ratio of 1.87, a quick ratio of 1.15 and a debt-to-equity ratio of 0.24.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data on Tuesday, March 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.44). The firm had revenue of $160.37 million for the quarter, compared to analysts’ expectations of $158.83 million. L.B. Foster had a return on equity of 4.32% and a net margin of 1.40%. Analysts expect that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FSTR has been the subject of several recent research reports. B. Riley Financial boosted their price target on shares of L.B. Foster from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 29th. Zacks Research downgraded shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Finally, Wall Street Zen cut L.B. Foster from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.00.

Hedge Funds Weigh In On L.B. Foster

Large investors have recently made changes to their positions in the business. Comerica Bank lifted its holdings in shares of L.B. Foster by 356.7% during the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,145 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in L.B. Foster by 189.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 1,395 shares in the last quarter. State of Wyoming purchased a new stake in shares of L.B. Foster during the second quarter worth about $122,000. BNP Paribas Financial Markets increased its holdings in shares of L.B. Foster by 469.1% during the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 4,752 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of L.B. Foster during the fourth quarter valued at about $180,000. 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.