L.B. Foster (NASDAQ:FSTR) Issues Earnings Results

L.B. Foster (NASDAQ:FSTR) announced its earnings results on Monday. The basic materials company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.36, FiscalAI reports. The business had revenue of $121.14 million during the quarter, compared to analyst estimates of $104.30 million. L.B. Foster had a net margin of 1.40% and a return on equity of 4.32%.

L.B. Foster Stock Performance

NASDAQ:FSTR opened at $30.70 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.87 and a quick ratio of 1.15. The firm has a market capitalization of $321.12 million, a price-to-earnings ratio of 44.49 and a beta of 1.06. L.B. Foster has a one year low of $17.16 and a one year high of $32.63. The business has a fifty day moving average price of $29.54 and a 200-day moving average price of $28.64.

Insider Activity at L.B. Foster

In other news, major shareholder Aron R. English sold 38,431 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $28.05, for a total value of $1,077,989.55. Following the completion of the sale, the insider directly owned 1,027,255 shares in the company, valued at $28,814,502.75. This represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders sold 152,074 shares of company stock valued at $4,325,623. Corporate insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On L.B. Foster

Several hedge funds and other institutional investors have recently modified their holdings of FSTR. Wealthspire Advisors LLC increased its stake in shares of 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. Bridgeway Capital Management LLC increased its stake in shares of L.B. Foster by 161.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company’s stock worth $1,122,000 after purchasing an additional 31,685 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of L.B. Foster by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock worth $5,207,000 after purchasing an additional 16,320 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of L.B. Foster in the 3rd quarter worth $409,000. Finally, Russell Investments Group Ltd. increased its stake in shares of L.B. Foster by 2,087.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 15,753 shares of the basic materials company’s stock worth $425,000 after purchasing an additional 15,033 shares in the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FSTR shares. Wall Street Zen lowered shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Zacks Research lowered shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Finally, B. Riley Financial boosted their target price on shares of L.B. Foster from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.