L.B. Foster (NASDAQ:FSTR) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

L.B. Foster Company (NASDAQ:FSTR)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.74 and traded as high as $42.34. L.B. Foster shares last traded at $41.63, with a volume of 58,155 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of L.B. Foster from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings raised shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. B. Riley Financial raised their price target on shares of L.B. Foster from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Finally, Wall Street Zen upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

L.B. Foster Stock Performance

The stock has a 50 day moving average of $37.15 and a 200 day moving average of $31.85. 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 has a market capitalization of $450.72 million, a price-to-earnings ratio of 41.84 and a beta of 1.15.

L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Monday, May 4th. The basic materials company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.36. L.B. Foster had a return on equity of 6.36% and a net margin of 1.98%.The business had revenue of $121.14 million for the quarter, compared to analysts’ expectations of $104.30 million. As a group, analysts predict 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 38,431 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $28.05, for a total transaction of $1,077,989.55. Following the completion of the sale, the insider directly owned 1,027,255 shares in the company, valued at $28,814,502.75. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 146,950 shares of company stock valued at $4,161,706. Corporate insiders own 7.60% of the company’s stock.

Hedge Funds Weigh In On L.B. Foster

Hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank grew its holdings in L.B. Foster by 356.7% during the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 1,145 shares during the period. Fifth Third Bancorp acquired a new stake in L.B. Foster during the first quarter worth approximately $47,000. Tower Research Capital LLC TRC grew its stake in L.B. Foster by 189.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 1,395 shares during the period. State of Wyoming bought a new stake in L.B. Foster in the second quarter worth approximately $122,000. Finally, BNP Paribas Financial Markets increased its holdings in L.B. Foster by 469.1% in the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock worth $155,000 after purchasing an additional 4,752 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

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.