L.B. Foster Co. (FSTR) Shares Down 9.4%
L.B. Foster Co. (NASDAQ:FSTR) was down 9.4% on Tuesday . The stock traded as low as $9.81 and last traded at $9.88, with a volume of 70,936 shares. The stock had previously closed at $10.90.
Several equities research analysts have recently weighed in on FSTR shares. Zacks Investment Research upgraded L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd. DA Davidson downgraded L.B. Foster from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $18.00 in a report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. L.B. Foster presently has an average rating of “Hold” and an average price target of $18.00.
The stock’s market cap is $107.04 million. The company has a 50-day moving average of $11.43 and a 200-day moving average of $13.69.
L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.20. The business earned $126.30 million during the quarter, compared to the consensus estimate of $128.90 million. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. Analysts predict that L.B. Foster Co. will post $0.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.16 annualized dividend and a yield of 1.58%.
An institutional investor recently raised its position in L.B. Foster stock. LSV Asset Management raised its position in shares of L.B. Foster Co. (NASDAQ:FSTR) by 14.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 235,450 shares of the company’s stock after buying an additional 30,146 shares during the period. LSV Asset Management owned about 2.28% of L.B. Foster worth $3,216,000 as of its most recent SEC filing.
L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.
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