Key Points
- Aron English sold 7,562 shares of L.B. Foster on November 11 at an average price of $27.94 for about $211,282, leaving him with 1,305,559 shares — a roughly 0.58% reduction in his stake.
- L.B. Foster missed Q3 expectations, reporting EPS of $0.40 versus the $0.61 consensus and revenue of $138.29M versus $154.38M, with a net margin of 7.19% and ROE of 3.64%.
- The stock was trading down about 0.2% at $26.71, with a market cap of $277.6M and a P/E of 8.05, and Wall Street consensus remains a "Hold" with a $25.00 target.
L.B. Foster Company (NASDAQ:FSTR - Get Free Report) major shareholder Aron English sold 1,600 shares of the company's stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $27.00, for a total value of $43,200.00. Following the completion of the transaction, the insider owned 1,300,591 shares of the company's stock, valued at approximately $35,115,957. This represents a 0.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
L.B. Foster Stock Performance
FSTR stock traded up $0.22 on Friday, reaching $26.97. The company's stock had a trading volume of 5,313 shares, compared to its average volume of 34,450. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 1.43. The firm has a fifty day moving average of $26.92 and a two-hundred day moving average of $23.55. L.B. Foster Company has a 52 week low of $17.16 and a 52 week high of $29.77. The company has a market capitalization of $280.29 million, a P/E ratio of 8.08 and a beta of 0.97.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.21). The business had revenue of $138.29 million during the quarter, compared to analysts' expectations of $154.38 million. L.B. Foster had a return on equity of 3.64% and a net margin of 7.19%. L.B. Foster has set its FY 2025 guidance at EPS. As a group, analysts predict that L.B. Foster Company will post 1.16 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of FSTR. Brandes Investment Partners LP raised its stake in shares of L.B. Foster by 17.1% in the second quarter. Brandes Investment Partners LP now owns 1,179,015 shares of the basic materials company's stock valued at $25,785,000 after acquiring an additional 172,492 shares in the last quarter. Teton Advisors LLC purchased a new stake in shares of L.B. Foster in the third quarter worth about $3,767,000. Bridgeway Capital Management LLC raised its position in shares of L.B. Foster by 161.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company's stock valued at $1,122,000 after purchasing an additional 31,685 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in L.B. Foster during the 3rd quarter valued at approximately $738,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of L.B. Foster in the 2nd quarter worth approximately $489,000. 80.63% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Wall Street Zen upgraded L.B. Foster from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Weiss Ratings restated a "hold (c-)" rating on shares of L.B. Foster in a research note on Thursday. 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, Based on data from MarketBeat.com, L.B. Foster has an average rating of "Hold" and an average price target of $25.00.
Read Our Latest Research Report on L.B. Foster
L.B. Foster Company Profile
(
Get Free Report)
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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