Key Points
- Aron English sold 1,725 shares of L.B. Foster at an average price of $26.94 for $46,471.50, leaving him with 1,265,804 shares (a 0.14% reduction) valued at about $34.1 million.
- Q3 results missed expectations: the company reported $0.40 EPS versus a $0.61 consensus and revenue of $138.29 million versus $154.38 million, with analysts on average forecasting about $1.16 EPS for the fiscal year.
- Key stock metrics: market capitalization ~$275.1M, P/E ~7.97, 52-week range $17.16–$29.77, institutional ownership ~80.6%, and a consensus analyst rating of Hold with a $25 target.
L.B. Foster Company (NASDAQ:FSTR - Get Free Report) major shareholder Aron English sold 1,725 shares of the business's stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $26.94, for a total value of $46,471.50. Following the completion of the transaction, the insider owned 1,265,804 shares of the company's stock, valued at $34,100,759.76. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
L.B. Foster Stock Performance
Shares of FSTR stock opened at $26.47 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 2.53. L.B. Foster Company has a 52 week low of $17.16 and a 52 week high of $29.77. The company's 50 day moving average price is $26.82 and its two-hundred day moving average price is $24.00. The company has a market capitalization of $275.10 million, a P/E ratio of 7.97 and a beta of 0.97.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 company 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. On average, analysts expect that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.
Institutional Investors Weigh In On L.B. Foster
A number of institutional investors and hedge funds have recently modified their holdings of the company. Brandes Investment Partners LP lifted its stake in L.B. Foster by 17.1% in the 2nd quarter. Brandes Investment Partners LP now owns 1,179,015 shares of the basic materials company's stock valued at $25,785,000 after purchasing an additional 172,492 shares during the last quarter. Teton Advisors LLC acquired a new stake in shares of L.B. Foster in the third quarter valued at approximately $3,767,000. Bridgeway Capital Management LLC lifted its position in shares of L.B. Foster by 161.7% in the second quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company's stock valued at $1,122,000 after buying an additional 31,685 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of L.B. Foster during the 3rd quarter worth approximately $738,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of L.B. Foster during the 2nd quarter worth approximately $489,000. 80.63% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently commented on FSTR shares. Weiss Ratings restated a "hold (c-)" rating on shares of L.B. Foster in a report on Wednesday, November 19th. Zacks Research upgraded shares of L.B. Foster from a "strong sell" rating to a "hold" rating in a report on Monday, October 13th. Singular Research raised shares of L.B. Foster to a "moderate buy" rating in a research report on Monday, November 17th. Finally, Wall Street Zen upgraded shares of L.B. Foster from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $25.00.
Get Our Latest Stock Report on FSTR
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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