L.B. Foster Company $FSTR Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its holdings in L.B. Foster Company (NASDAQ:FSTR) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 901,439 shares of the basic materials company’s stock after selling 16,661 shares during the quarter. Gamco Investors INC. ET AL owned about 8.62% of L.B. Foster worth $25,150,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Comerica Bank grew its stake 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 acquiring an additional 1,145 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of L.B. Foster in the 1st quarter valued at approximately $47,000. Tower Research Capital LLC TRC raised its position in shares of L.B. Foster by 189.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 1,395 shares during the last quarter. State of Wyoming acquired a new stake in L.B. Foster in the 2nd quarter worth approximately $122,000. Finally, BNP Paribas Financial Markets boosted its stake in L.B. Foster by 469.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock worth $155,000 after purchasing an additional 4,752 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FSTR shares. Weiss Ratings upgraded shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. 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. Finally, Wall Street Zen upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, L.B. Foster presently has an average rating of “Hold” and an average target price of $32.00.

L.B. Foster Trading Down 0.7%

Shares of NASDAQ:FSTR opened at $42.40 on Friday. L.B. Foster Company has a 52-week low of $21.67 and a 52-week high of $45.81. The stock has a market cap of $443.46 million, a price-to-earnings ratio of 41.17, a PEG ratio of 0.68 and a beta of 1.14. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $41.87 and a 200-day moving average price of $34.63.

L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Monday, May 4th. The basic materials company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $121.14 million for the quarter, compared to analyst estimates of $104.30 million. Equities analysts predict that L.B. Foster Company will post 1.74 EPS for the current year.

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.