L.B. Foster (NASDAQ:FSTR) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of L.B. Foster (NASDAQ:FSTR) from a strong-buy rating to a hold rating in a research report released on Saturday morning.

Several other equities research analysts also recently weighed in on FSTR. Zacks Research downgraded L.B. Foster from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of L.B. Foster in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, L.B. Foster has a consensus rating of “Hold” and an average target price of $32.00.

L.B. Foster Stock Performance

Shares of FSTR stock opened at $38.48 on Friday. The firm has a 50 day moving average of $42.00 and a two-hundred day moving average of $35.99. The stock has a market capitalization of $404.81 million, a PE ratio of 36.65, a P/E/G ratio of 0.59 and a beta of 1.15. The company has a quick ratio of 1.15, a current ratio of 2.00 and a debt-to-equity ratio of 0.27. L.B. Foster has a 52 week low of $22.32 and a 52 week high of $45.81.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Monday, August 10th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $138.55 million during the quarter, compared to analyst estimates of $134.49 million. L.B. Foster had a net margin of 2.04% and a return on equity of 7.61%. On average, research analysts predict that L.B. Foster will post 1.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FSTR. Comerica Bank increased its holdings in shares of L.B. Foster by 356.7% in the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,145 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of L.B. Foster during the 1st quarter worth about $47,000. Tower Research Capital LLC TRC lifted its stake in L.B. Foster by 189.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 1,395 shares during the last quarter. State of Wyoming purchased a new stake in L.B. Foster during the second quarter worth approximately $122,000. Finally, BNP Paribas Financial Markets boosted its holdings in L.B. Foster by 469.1% in the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 4,752 shares in the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.

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.