L.B. Foster Co. (FSTR) Shares Down 2.9%
L.B. Foster Co. (NASDAQ:FSTR) dropped 2.9% during mid-day trading on Friday . The company traded as low as $11.25 and last traded at $11.30, with a volume of 66,394 shares traded. The stock had previously closed at $11.64.
FSTR has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a 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 target for the company from $20.00 to $18.00 in a report 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 stock. The company currently has an average rating of “Hold” and an average target price of $18.00.
The stock’s market capitalization is $117.43 million. The stock’s 50 day moving average price is $10.56 and its 200-day moving average price is $13.38.
L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Tuesday, August 9th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.19 by $0.30. The firm had revenue of $136 million for the quarter, compared to the consensus estimate of $152.65 million. During the same period in the previous year, the firm earned $0.52 EPS. The company’s quarterly revenue was down 20.7% on a year-over-year basis. On average, equities analysts predict that L.B. Foster Co. will post ($0.24) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, September 7th.
In related news, insider Robert P. Bauer acquired 3,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average cost of $9.56 per share, for a total transaction of $28,680.00. Following the transaction, the insider now directly owns 68,850 shares in the company, valued at $658,206. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bradley Vizi acquired 52,820 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were bought at an average price of $9.54 per share, with a total value of $503,902.80. The disclosure for this purchase can be found here.
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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