Shell Asset Management Co. Has $106,000 Stake in L.B. Foster Co. (FSTR)
Shell Asset Management Co. lowered its stake in L.B. Foster Co. (NASDAQ:FSTR) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 9,707 shares of the company’s stock after selling 552 shares during the period. Shell Asset Management Co.’s holdings in L.B. Foster were worth $106,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Virginia Retirement System acquired a new position in shares of L.B. Foster during the first quarter valued at about $585,000. Spark Investment Management LLC acquired a new position in shares of L.B. Foster during the first quarter valued at about $187,000. Kennedy Capital Management Inc. boosted its position in shares of L.B. Foster by 6.0% in the first quarter. Kennedy Capital Management Inc. now owns 324,599 shares of the company’s stock valued at $5,895,000 after buying an additional 18,469 shares during the period. Springbok Capital Management LLC boosted its position in shares of L.B. Foster by 21.2% in the first quarter. Springbok Capital Management LLC now owns 10,300 shares of the company’s stock valued at $187,000 after buying an additional 1,800 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of L.B. Foster by 26.9% in the first quarter. Royal Bank of Canada now owns 7,261 shares of the company’s stock valued at $132,000 after buying an additional 1,538 shares during the period. 58.27% of the stock is owned by hedge funds and other institutional investors.
Shares of L.B. Foster Co. (NASDAQ:FSTR) traded up 0.83% on Friday, hitting $12.10. 69,109 shares of the company traded hands. L.B. Foster Co. has a 12 month low of $8.80 and a 12 month high of $20.77. The stock’s 50-day moving average price is $11.86 and its 200-day moving average price is $12.71. The company’s market capitalization is $125.63 million.
L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.30. L.B. Foster had a negative net margin of 25.79% and a positive return on equity of 1.90%. The firm earned $136 million during the quarter, compared to analysts’ expectations of $152.65 million. During the same period in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. On average, equities analysts predict that L.B. Foster Co. will post ($0.36) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Wednesday, September 7th. L.B. Foster’s dividend payout ratio is presently -1.10%.
In related news, Director Bradley Vizi bought 13,397 shares of the stock in a transaction dated Friday, October 14th. The stock was acquired at an average price of $11.99 per share, for a total transaction of $160,630.03. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert P. Bauer bought 3,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was bought at an average price of $9.56 per share, with a total value of $28,680.00. Following the acquisition, the insider now owns 68,850 shares in the company, valued at approximately $658,206. The disclosure for this purchase can be found here. 15.20% of the stock is currently owned by company insiders.
L.B. Foster Company Profile
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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