Zacks Research Downgrades L.B. Foster (NASDAQ:FSTR) to Hold

L.B. Foster (NASDAQ:FSTR) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also commented on the stock. Wall Street Zen raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Monday, June 8th. Weiss Ratings upgraded shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.00.

L.B. Foster Stock Performance

NASDAQ:FSTR opened at $42.25 on Monday. The company has a market cap of $441.94 million, a price-to-earnings ratio of 41.02 and a beta of 1.14. L.B. Foster has a fifty-two week low of $21.67 and a fifty-two week high of $45.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.28 and a current ratio of 2.22. The stock has a fifty day moving average price of $40.70 and a 200-day moving average price of $33.37.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings results on Monday, May 4th. The basic materials company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.36. The company had revenue of $121.14 million for the quarter, compared to analysts’ expectations of $104.30 million. L.B. Foster had a return on equity of 6.36% and a net margin of 1.98%. As a group, equities analysts anticipate that L.B. Foster will post 1.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Brandes Investment Partners LP lifted its holdings 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 last quarter. Geode Capital Management LLC grew its holdings in shares of L.B. Foster by 7.4% during the 2nd quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock valued at $5,207,000 after purchasing an additional 16,320 shares during the last quarter. State Street Corp grew its holdings in shares of L.B. Foster by 2.4% during the 4th quarter. State Street Corp now owns 145,647 shares of the basic materials company’s stock valued at $3,925,000 after purchasing an additional 3,349 shares during the last quarter. Bragg Financial Advisors Inc increased its position in 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 in the last quarter. Finally, Wealthspire Advisors LLC increased its position in 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 purchasing an additional 58,988 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

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.