L.B. Foster (NASDAQ:FSTR) Share Price Passes Above 200 Day Moving Average – Time to Sell?

L.B. Foster Company (NASDAQ:FSTR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.17 and traded as high as $29.38. L.B. Foster shares last traded at $28.97, with a volume of 14,259 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on FSTR shares. Singular Research upgraded shares of L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. Wall Street Zen upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 10th. Weiss Ratings restated a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 29th. Finally, Zacks Research downgraded L.B. Foster from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, L.B. Foster has an average rating of “Hold” and an average target price of $25.00.

L.B. Foster Price Performance

The business has a fifty day moving average of $27.51 and a two-hundred day moving average of $26.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.21 and a current ratio of 2.21. The firm has a market capitalization of $301.00 million, a price-to-earnings ratio of 64.38 and a beta of 1.00.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.21). L.B. Foster had a net margin of 0.96% and a return on equity of 2.79%. The business had revenue of $138.29 million for the quarter, compared to analyst estimates of $154.38 million. As a group, research analysts predict that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Insider Transactions at L.B. Foster

In other L.B. Foster news, major shareholder Aron R. English sold 34,025 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $26.79, for a total value of $911,529.75. Following the transaction, the insider directly owned 1,204,558 shares of the company’s stock, valued at $32,270,108.82. This represents a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian H. Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $27.15, for a total transaction of $271,500.00. Following the sale, the chief executive officer owned 79,027 shares of the company’s stock, valued at $2,145,583.05. This trade represents a 11.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 132,075 shares of company stock worth $3,561,116. 4.70% of the stock is owned by company insiders.

Institutional Trading of L.B. Foster

Several institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new position in L.B. Foster during the 2nd quarter worth $489,000. Envestnet Asset Management Inc. grew its stake in shares of L.B. Foster by 29.3% in the second quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company’s stock valued at $292,000 after acquiring an additional 3,030 shares in the last quarter. Marion Wealth Management acquired a new position in shares of L.B. Foster in the second quarter valued at about $210,000. First Horizon Advisors Inc. increased its position in L.B. Foster by 250.1% during the second quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 963 shares during the period. Finally, Geode Capital Management LLC raised its stake in L.B. Foster by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock worth $5,207,000 after purchasing an additional 16,320 shares in the last quarter. 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.