L.B. Foster (NASDAQ:FSTR) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of L.B. Foster (NASDAQ:FSTR) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of L.B. Foster in a research note on Monday, December 29th. Zacks Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Singular Research raised shares of L.B. Foster to a “moderate buy” rating in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

L.B. Foster Stock Performance

FSTR opened at $31.63 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.21 and a current ratio of 2.21. The stock has a market capitalization of $328.73 million, a price-to-earnings ratio of 70.29 and a beta of 1.01. The company has a fifty day moving average of $28.90 and a 200 day moving average of $27.02. L.B. Foster has a fifty-two week low of $17.16 and a fifty-two week high of $32.63.

Insider Buying and Selling at L.B. Foster

In other news, major shareholder Aron R. English sold 13,512 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $26.79, for a total transaction of $361,986.48. Following the transaction, the insider owned 1,191,046 shares in the company, valued at approximately $31,908,122.34. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders sold 107,298 shares of company stock valued at $2,883,327. 4.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On L.B. Foster

Several hedge funds have recently modified their holdings of FSTR. Bragg Financial Advisors Inc lifted its stake in shares of L.B. Foster by 0.4% during the 4th quarter. Bragg Financial Advisors Inc now owns 113,765 shares of the basic materials company’s stock worth $3,066,000 after purchasing an additional 416 shares during the last quarter. State Street Corp grew its stake in shares of L.B. Foster by 2.4% during the fourth quarter. State Street Corp now owns 145,647 shares of the basic materials company’s stock worth $3,925,000 after acquiring an additional 3,349 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of L.B. Foster by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 11,315 shares of the basic materials company’s stock valued at $305,000 after acquiring an additional 3,577 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in L.B. Foster by 593.7% in the 4th quarter. Wealthspire Advisors LLC now owns 68,923 shares of the basic materials company’s stock worth $1,857,000 after purchasing an additional 58,988 shares in the last quarter. Finally, Empowered Funds LLC grew its position in L.B. Foster by 9.1% during the 4th quarter. Empowered Funds LLC now owns 15,433 shares of the basic materials company’s stock worth $416,000 after purchasing an additional 1,284 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

L.B. Foster Company Profile

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.