L.B. Foster Co. (FSTR) Stock Price Down 3.9%
L.B. Foster Co. (NASDAQ:FSTR) shares dropped 3.9% during trading on Monday . The stock traded as low as $10.28 and last traded at $10.33, with a volume of 61,915 shares traded. The stock had previously closed at $10.75.
FSTR has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. DA Davidson cut shares of L.B. Foster from a “buy” rating to a “neutral” rating and decreased their price objective for the company 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 issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.
The stock’s 50-day moving average is $11.32 and its 200-day moving average is $13.60. The company’s market capitalization is $105.80 million.
L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.20. The firm had revenue of $126.30 million for the quarter, compared to the consensus estimate of $128.90 million. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. On average, equities analysts anticipate that L.B. Foster Co. will post $0.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Wednesday, June 8th.
A hedge fund recently raised its stake in L.B. Foster stock. LSV Asset Management increased its stake in shares of L.B. Foster Co. (NASDAQ:FSTR) by 14.7% during the fourth quarter, according to its most recent filing with the SEC. 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 2.28% of L.B. Foster worth $3,216,000 as of its most recent filing with the SEC.
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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