L.B. Foster Co. (FSTR) Stock Price Up 4.7%
L.B. Foster Co. (NASDAQ:FSTR)’s share price rose 4.7% during mid-day trading on Tuesday . The stock traded as high as $12.20 and last traded at $12.02, with a volume of 53,936 shares trading hands. The stock had previously closed at $11.48.
FSTR has been the subject of several recent research reports. 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 research report on Wednesday, May 4th. 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. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. L.B. Foster currently has an average rating of “Hold” and a consensus target price of $18.00.
The stock’s 50-day moving average is $10.62 and its 200 day moving average is $13.41. The firm’s market capitalization is $124.60 million.
L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.30. During the same period in the prior year, the business earned $0.52 EPS. The firm had revenue of $136 million for the quarter, compared to the consensus estimate of $152.65 million. The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. On average, equities analysts predict that L.B. Foster Co. will post ($0.24) earnings per share for the current year.
The company also recently disclosed 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. The ex-dividend date is Wednesday, September 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.33%.
In other news, insider Robert P. Bauer acquired 3,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was bought at an average cost of $9.56 per share, for a total transaction of $28,680.00. Following the completion of the transaction, the insider now owns 68,850 shares of the company’s stock, valued at $658,206. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert S. Purgason acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was purchased at an average price of $11.24 per share, with a total value of $112,400.00. Following the completion of the transaction, the director now directly owns 27,915 shares of the company’s stock, valued at approximately $313,764.60. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in L.B. Foster stock. Schwab Charles Investment Management Inc. boosted its position in shares of L.B. Foster Co. (NASDAQ:FSTR) by 34.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,645 shares of the company’s stock after buying an additional 20,723 shares during the period. Schwab Charles Investment Management Inc. owned 0.79% of L.B. Foster worth $1,116,000 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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