Key Points
- CEO Brian Kelly sold 10,000 shares on Nov. 7 at an average price of $27.15 for $271,500, reducing his ownership by 11.23% to 79,027 shares, according to an SEC filing.
- L.B. Foster missed recent quarterly estimates with $0.40 EPS vs. $0.61 expected and revenue of $138.29M vs. $154.38M, and the consensus analyst rating is "Hold" with a $25 target.
- Market and ownership snapshot: FSTR is trading up (~3.7%) around $28.10, has a $292M market cap and 8.46 PE, 50/200-day averages of $26.89/$23.45, and roughly 80.6% institutional ownership.
L.B. Foster Company (NASDAQ:FSTR - Get Free Report) CEO Brian Kelly sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $27.15, for a total value of $271,500.00. Following the completion of the sale, the chief executive officer directly owned 79,027 shares of the company's stock, valued at $2,145,583.05. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
L.B. Foster Trading Up 3.7%
Shares of FSTR stock opened at $28.10 on Tuesday. The business's fifty day moving average price is $26.89 and its 200 day moving average price is $23.45. The firm has a market capitalization of $292.04 million, a PE ratio of 8.46 and a beta of 0.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 1.43. L.B. Foster Company has a 1-year low of $17.16 and a 1-year high of $29.77.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last released its earnings results on Monday, November 3rd. The basic materials company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.21). L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. The business had revenue of $138.29 million during the quarter, compared to analyst estimates of $154.38 million. L.B. Foster has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that L.B. Foster Company will post 1.16 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its stake in shares of L.B. Foster by 250.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company's stock worth $29,000 after purchasing an additional 963 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of 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 valued at $47,000 after buying an additional 1,395 shares during the period. State of Wyoming acquired a new stake in L.B. Foster during the second quarter worth approximately $122,000. Arrowstreet Capital Limited Partnership purchased a new stake in L.B. Foster in the 2nd quarter worth approximately $201,000. Finally, Marion Wealth Management purchased a new stake in L.B. Foster in the 2nd quarter worth approximately $210,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on FSTR. Weiss Ratings restated a "hold (c)" rating on shares of L.B. Foster in a research report on Wednesday, October 8th. Wall Street Zen raised L.B. Foster from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, Zacks Research upgraded L.B. Foster from a "strong sell" rating to a "hold" rating in a research report on Monday, October 13th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, L.B. Foster has an average rating of "Hold" and a consensus target price of $25.00.
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About L.B. Foster
(
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L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.
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