Aron English Sells 2,716 Shares of L.B. Foster (NASDAQ:FSTR) Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 2,716 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $28.09, for a total transaction of $76,292.44. Following the transaction, the insider owned 1,078,903 shares in the company, valued at $30,306,385.27. The trade was a 0.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

L.B. Foster Stock Performance

Shares of NASDAQ:FSTR traded down $0.01 on Wednesday, hitting $28.04. 33,973 shares of the company were exchanged, compared to its average volume of 25,484. The company has a current ratio of 1.87, a quick ratio of 1.15 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $29.92 and its 200 day moving average price is $28.13. L.B. Foster Company has a 1-year low of $17.16 and a 1-year high of $32.63. The firm has a market capitalization of $289.09 million, a P/E ratio of 40.64 and a beta of 0.99.

L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Tuesday, March 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.44). The firm had revenue of $160.37 million during the quarter, compared to analysts’ expectations of $158.83 million. L.B. Foster had a return on equity of 4.32% and a net margin of 1.40%. Sell-side analysts predict that L.B. Foster Company will post 1.16 EPS for the current year.

Institutional Trading of L.B. Foster

A number of hedge funds have recently added to or reduced their stakes in FSTR. Comerica Bank grew its position in L.B. Foster by 356.7% during the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,145 shares during the period. Tower Research Capital LLC TRC raised its position in shares of L.B. Foster by 189.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 1,395 shares during the period. State of Wyoming purchased a new stake in shares of L.B. Foster during the 2nd quarter worth about $122,000. BNP Paribas Financial Markets boosted its stake in shares of L.B. Foster by 469.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock worth $155,000 after acquiring an additional 4,752 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of L.B. Foster during the 4th quarter valued at about $180,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on FSTR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 29th. Wall Street Zen cut L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Zacks Research downgraded L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Finally, B. Riley Financial raised their target price on L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.00.

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.