L.B. Foster Co. (FSTR) Stock Price Up 7.5%
Shares of L.B. Foster Co. (NASDAQ:FSTR) rose 7.5% during trading on Friday . The company traded as high as $10.85 and last traded at $10.75, with a volume of 91,427 shares traded. The stock had previously closed at $10.00.
FSTR has been the topic of a number of research reports. DA Davidson lowered shares of L.B. Foster from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $18.00 in a research report on Wednesday, May 4th. Zacks Investment Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. L.B. Foster has a consensus rating of “Hold” and an average target price of $18.00.
The firm has a 50-day moving average price of $11.36 and a 200 day moving average price of $13.65. The stock’s market cap is $111.18 million.
L.B. Foster (NASDAQ:FSTR) last released its earnings results on Tuesday, May 3rd. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.20. The business had revenue of $126.30 million for the quarter, compared to analyst estimates of $128.90 million. During the same period in the previous year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts anticipate 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. Shareholders of record on Friday, June 10th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a 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 position in shares of L.B. Foster Co. (NASDAQ:FSTR) by 14.7% during the fourth quarter, Holdings Channel reports. The institutional investor 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 reporting period.
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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