Legion Partners Asset Management, LLC

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disclosed that they own 15.4% of L.B. Foster Co (NASDAQ:FSTR) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, March 14th. The investor owns 1,595,621 shares of the stock valued at approximately $39,571,401. The reporting parties listed on the disclosure included Legion Partners, LP I, Legion Partners, LP II, Legion Partners Special Opportunities, LP II, Legion Partners, LLC, Legion Partners Asset Management, LLC, Legion Partners Holdings, LLC, Christopher S Kiper and Raymond White. The disclosure is available through the SEC website at this hyperlink.

Legion Partners Asset Management, LLC

provided the following explanation of their ownership:

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of L.B. Foster by 452.5% during the 2nd quarter. State Street Corp now owns 92,197 shares of the basic materials company’s stock valued at $1,978,000 after purchasing an additional 75,509 shares during the period. Northern Trust Corp increased its position in shares of L.B. Foster by 219.5% during the 2nd quarter. Northern Trust Corp now owns 109,137 shares of the basic materials company’s stock valued at $2,341,000 after purchasing an additional 74,981 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of L.B. Foster by 17.9% during the 4th quarter. Renaissance Technologies LLC now owns 426,100 shares of the basic materials company’s stock valued at $11,569,000 after purchasing an additional 64,800 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of L.B. Foster by 110.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,406 shares of the basic materials company’s stock valued at $2,590,000 after purchasing an additional 50,177 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of L.B. Foster by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 531,038 shares of the basic materials company’s stock valued at $11,391,000 after purchasing an additional 29,069 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

L.B. Foster Co (NASDAQ FSTR) traded down $0.95 on Wednesday, hitting $24.80. The stock had a trading volume of 73,008 shares, compared to its average volume of 43,698. L.B. Foster Co has a fifty-two week low of $11.80 and a fifty-two week high of $30.30. The company has a quick ratio of 1.32, a current ratio of 2.36 and a debt-to-equity ratio of 0.88. The company has a market cap of $264.86, a P/E ratio of 62.88 and a beta of 2.22.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data on Tuesday, February 27th. The basic materials company reported $0.48 earnings per share for the quarter. The firm had revenue of $141.32 million during the quarter. L.B. Foster had a return on equity of 6.37% and a net margin of 0.77%.

Several equities analysts have commented on the company. TheStreet raised L.B. Foster from a “d+” rating to a “c” rating in a research report on Wednesday, February 28th. BidaskClub downgraded L.B. Foster from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Finally, ValuEngine raised L.B. Foster from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd.

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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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Institutional Ownership by Quarter for L.B. Foster (NASDAQ:FSTR)

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