L.B. Foster (NASDAQ:FSTR) Share Price Passes Above 200-Day Moving Average – Should You Sell?

L.B. Foster Company (NASDAQ:FSTR) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.42 and traded as high as $28.32. L.B. Foster shares last traded at $27.82, with a volume of 13,097 shares.

Analyst Upgrades and Downgrades

FSTR has been the subject of several analyst reports. Singular Research upgraded shares of L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of L.B. Foster in a research report on Monday. Wall Street Zen raised shares of L.B. Foster from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Zacks Research upgraded L.B. Foster from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

L.B. Foster Trading Down 1.3%

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.21 and a quick ratio of 1.21. The firm has a fifty day simple moving average of $27.18 and a two-hundred day simple moving average of $25.49. The firm has a market capitalization of $280.01 million, a P/E ratio of 59.89 and a beta of 1.00.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.21). The firm had revenue of $138.29 million for the quarter, compared to analysts’ expectations of $154.38 million. L.B. Foster had a net margin of 0.96% and a return on equity of 2.79%. On average, equities research analysts anticipate that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.

Insider Transactions at L.B. Foster

In related news, major shareholder Aron R. English sold 34,025 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $26.79, for a total transaction of $911,529.75. Following the sale, the insider directly owned 1,204,558 shares in the company, valued at approximately $32,270,108.82. This represents a 2.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian H. Kelly sold 10,000 shares of L.B. Foster stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $27.15, for a total transaction of $271,500.00. Following the completion of the transaction, the chief executive officer owned 79,027 shares of the company’s stock, valued at $2,145,583.05. This represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 132,075 shares of company stock valued at $3,561,116 in the last quarter. Company insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On L.B. Foster

Several institutional investors have recently made changes to their positions in FSTR. Brandes Investment Partners LP boosted its stake in L.B. Foster by 17.1% in the 2nd quarter. Brandes Investment Partners LP now owns 1,179,015 shares of the basic materials company’s stock worth $25,785,000 after purchasing an additional 172,492 shares during the period. Marion Wealth Management bought a new stake in shares of L.B. Foster during the second quarter valued at about $210,000. Janney Montgomery Scott LLC purchased a new stake in shares of L.B. Foster in the second quarter worth about $489,000. Envestnet Asset Management Inc. boosted its position in shares of L.B. Foster by 29.3% in the second quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company’s stock valued at $292,000 after acquiring an additional 3,030 shares during the period. Finally, Minerva Advisors LLC boosted its position in shares of L.B. Foster by 5.2% in the second quarter. Minerva Advisors LLC now owns 83,965 shares of the basic materials company’s stock valued at $1,831,000 after acquiring an additional 4,167 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

About L.B. Foster

L.B. Foster Company is a diversified infrastructure solutions provider offering products and services to the transportation, energy, and construction markets. Founded in 1902 and headquartered in Pittsburgh, Pennsylvania, the company has built a reputation for delivering specialty materials and engineering solutions that support critical infrastructure projects across various industries.

The company’s operations are organized into three primary segments: Rail Products & Services, Construction Products, and Tubular & Energy Products.