Insider Selling: L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells 38,431 Shares of Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 38,431 shares of L.B. Foster stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $28.05, for a total value of $1,077,989.55. Following the completion of the transaction, the insider owned 1,027,255 shares in the company, valued at approximately $28,814,502.75. This represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

L.B. Foster Price Performance

Shares of FSTR stock traded down $0.01 on Thursday, reaching $27.99. The company had a trading volume of 54,194 shares, compared to its average volume of 40,914. The stock has a market capitalization of $288.58 million, a PE ratio of 40.57 and a beta of 1.01. The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 0.24. L.B. Foster Company has a one year low of $17.16 and a one year high of $32.63. The business’s 50-day moving average is $29.76 and its 200 day moving average is $28.16.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Teton Advisors LLC bought a new stake in shares of L.B. Foster in the 3rd quarter valued at about $3,767,000. Wealthspire Advisors LLC increased its stake in shares of L.B. Foster by 593.7% in the fourth quarter. Wealthspire Advisors LLC now owns 68,923 shares of the basic materials company’s stock valued at $1,857,000 after buying an additional 58,988 shares during the period. Bridgeway Capital Management LLC raised its position in shares of L.B. Foster by 161.7% during the second quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company’s stock worth $1,122,000 after acquiring an additional 31,685 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of L.B. Foster in the third quarter worth approximately $738,000. Finally, Brandes Investment Partners LP lifted its stake in shares of L.B. Foster by 1.5% in the fourth quarter. Brandes Investment Partners LP now owns 1,360,415 shares of the basic materials company’s stock worth $36,663,000 after acquiring an additional 20,371 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FSTR has been the topic of a number of research reports. Zacks Research cut shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of L.B. Foster in a research note on Monday, December 29th. Wall Street Zen downgraded L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Finally, B. Riley Financial boosted their price objective on L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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.