L.B. Foster (NASDAQ:FSTR) Posts Earnings Results, Beats Estimates By $0.36 EPS

L.B. Foster (NASDAQ:FSTR) issued its quarterly earnings results on Monday. The basic materials company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.36, FiscalAI reports. The company had revenue of $121.14 million for the quarter, compared to the consensus estimate of $104.30 million. L.B. Foster had a net margin of 1.40% and a return on equity of 4.32%.

L.B. Foster Stock Performance

Shares of L.B. Foster stock opened at $30.70 on Monday. L.B. Foster has a 52-week low of $17.16 and a 52-week high of $32.63. The stock’s 50-day simple moving average is $29.54 and its 200 day simple moving average is $28.64. The stock has a market capitalization of $321.12 million, a P/E ratio of 44.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.15 and a current ratio of 1.87.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Zacks Research downgraded shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Finally, B. Riley Financial boosted their price target on shares of L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.00.

Insider Transactions at L.B. Foster

In related news, major shareholder Aron R. English sold 38,431 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $28.05, for a total value of $1,077,989.55. Following the sale, the insider directly owned 1,027,255 shares in the company, valued at approximately $28,814,502.75. The trade was a 3.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 152,074 shares of company stock valued at $4,325,623. Insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On L.B. Foster

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bragg Financial Advisors Inc raised its stake in L.B. Foster by 0.4% in the 4th quarter. Bragg Financial Advisors Inc now owns 113,765 shares of the basic materials company’s stock valued at $3,066,000 after acquiring an additional 416 shares during the period. First Trust Advisors LP raised 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 acquiring an additional 461 shares during the period. Rhumbline Advisers raised its stake 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 valued at $211,000 after acquiring an additional 525 shares during the period. Comerica Bank raised its stake 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 valued at $40,000 after acquiring an additional 1,145 shares during the period. Finally, Empowered Funds LLC raised its stake in L.B. Foster by 9.1% in the 4th quarter. Empowered Funds LLC now owns 15,433 shares of the basic materials company’s stock valued at $416,000 after acquiring an additional 1,284 shares during the period. 80.63% of the stock is currently owned by institutional investors.

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.