L.B. Foster Co. (FSTR) Stock Price Up 7.5%
L.B. Foster Co. (NASDAQ:FSTR) shares rose 7.5% on Friday . The company traded as high as $10.85 and last traded at $10.75, with a volume of 91,427 shares changing hands. The stock had previously closed at $10.00.
FSTR has been the topic of a number of recent research reports. Zacks Investment Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. DA Davidson lowered shares of L.B. Foster from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.00.
The stock’s market capitalization is $111.18 million. The company’s 50 day moving average is $11.36 and its 200 day moving average is $13.65.
L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.20. The company had revenue of $126.30 million for the quarter, compared to the consensus estimate of $128.90 million. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. Analysts expect that L.B. Foster Co. will post $0.43 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Wednesday, June 8th.
An institutional investor recently raised its position in L.B. Foster stock. LSV Asset Management boosted its stake in L.B. Foster Co. (NASDAQ:FSTR) by 14.7% during the fourth quarter, Holdings Channel reports. The fund 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 at the end of the most recent quarter.
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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