L.B. Foster (NASDAQ:FSTR) Announces Quarterly Earnings Results, Misses Estimates By $0.11 EPS

L.B. Foster (NASDAQ:FSTR) issued its earnings results on Monday. The basic materials company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11), FiscalAI reports. L.B. Foster had a return on equity of 6.36% and a net margin of 1.98%.The firm had revenue of $138.55 million during the quarter, compared to the consensus estimate of $134.49 million.

L.B. Foster Price Performance

FSTR opened at $41.27 on Monday. The firm has a 50-day simple moving average of $42.38 and a two-hundred day simple moving average of $35.59. L.B. Foster has a 52 week low of $21.67 and a 52 week high of $45.81. The company has a market capitalization of $431.68 million, a PE ratio of 40.07, a price-to-earnings-growth ratio of 0.66 and a beta of 1.15. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.34.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen upgraded L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 8th. Zacks Research cut L.B. Foster from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of L.B. Foster in a research note on Friday. One 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, L.B. Foster has a consensus rating of “Hold” and an average price target of $32.00.

Institutional Investors Weigh In On L.B. Foster

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in L.B. Foster by 7.4% during the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock valued at $5,207,000 after buying an additional 16,320 shares during the last quarter. State Street Corp increased its stake in L.B. Foster by 2.4% in the 4th 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. Bragg Financial Advisors Inc raised its holdings 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 acquiring an additional 416 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in shares of L.B. Foster by 593.7% during the 4th quarter. Wealthspire Advisors LLC now owns 68,923 shares of the basic materials company’s stock worth $1,857,000 after acquiring an additional 58,988 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in shares of L.B. Foster by 8.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 63,033 shares of the basic materials company’s stock valued at $1,699,000 after acquiring an additional 4,784 shares during the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.