L.B. Foster Co. (FSTR) Stock Price Down 2.9%
Shares of L.B. Foster Co. (NASDAQ:FSTR) were down 2.9% during mid-day trading on Friday . The stock traded as low as $11.25 and last traded at $11.30, with a volume of 66,394 shares. The stock had previously closed at $11.64.
Several analysts have recently issued reports on FSTR shares. Zacks Investment Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. DA Davidson lowered shares of L.B. Foster from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $18.00 in a research note 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 company has an average rating of “Hold” and an average price target of $18.00.
The firm has a 50-day moving average price of $10.56 and a 200 day moving average price of $13.38. The company’s market cap is $117.43 million.
L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results 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 last year, the firm earned $0.52 earnings per share. The company earned $136 million during the quarter, compared to the consensus estimate of $152.65 million. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. On average, analysts predict that L.B. Foster Co. will post ($0.24) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Wednesday, September 7th.
In other L.B. Foster news, Director Bradley Vizi purchased 52,820 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was bought at an average price of $9.54 per share, with a total value of $503,902.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert S. Purgason purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was acquired at an average cost of $11.24 per share, with a total value of $112,400.00. Following the purchase, the director now directly owns 27,915 shares of the company’s stock, valued at $313,764.60. 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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