Hillsdale Investment Management Inc. Purchases New Shares in L.B. Foster Company $FSTR

Hillsdale Investment Management Inc. acquired a new stake in L.B. Foster Company (NASDAQ:FSTR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,700 shares of the basic materials company’s stock, valued at approximately $354,000. Hillsdale Investment Management Inc. owned about 0.12% of L.B. Foster as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of FSTR. Comerica Bank grew its holdings in shares of L.B. Foster by 356.7% during the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,145 shares during the last quarter. Fifth Third Bancorp acquired a new position in L.B. Foster during the 1st quarter worth about $47,000. Tower Research Capital LLC TRC lifted its position in L.B. Foster by 189.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock worth $47,000 after buying an additional 1,395 shares in the last quarter. State of Wyoming bought a new stake in L.B. Foster during the 2nd quarter worth about $122,000. Finally, BNP Paribas Financial Markets grew its holdings in 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 during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

L.B. Foster Stock Performance

Shares of L.B. Foster stock opened at $41.93 on Friday. The firm has a fifty day moving average of $41.66 and a two-hundred day moving average of $34.10. 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 market capitalization of $438.59 million, a price-to-earnings ratio of 40.71 and a beta of 1.14. L.B. Foster Company has a 52 week low of $21.67 and a 52 week high of $45.81.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Zacks Research downgraded shares of L.B. Foster from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Weiss Ratings upgraded L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.00.

L.B. Foster 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.