Key Points
- Aron English sold 1,307 shares on Nov. 28 at an average price of $27.09 for $35,406.63, trimming his stake by 0.10% to 1,264,497 shares valued about $34.26M (SEC filing).
- L.B. Foster missed recent quarterly estimates, reporting $0.40 EPS versus $0.61 expected and $138.29M revenue versus $154.38M, with a reported net margin of 0.96% and ROE of 2.79%.
- Institutional ownership is high (~80.6%) and analyst consensus is a "Hold" (one Buy, three Holds) with an average target price of $25.00.
L.B. Foster Company (NASDAQ:FSTR - Get Free Report) major shareholder Aron English sold 1,307 shares of the business's stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $27.09, for a total transaction of $35,406.63. Following the sale, the insider directly owned 1,264,497 shares in the company, valued at $34,255,223.73. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
L.B. Foster Price Performance
FSTR stock opened at $26.04 on Wednesday. The company has a market capitalization of $270.56 million, a P/E ratio of 57.87 and a beta of 1.00. The company has a fifty day moving average price of $26.72 and a 200-day moving average price of $24.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.21 and a current ratio of 2.21. L.B. Foster Company has a 52-week low of $17.16 and a 52-week high of $29.77.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last announced its earnings results 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 company had revenue of $138.29 million for the quarter, compared to the consensus estimate of $154.38 million. L.B. Foster had a return on equity of 2.79% and a net margin of 0.96%. As a group, equities analysts expect that L.B. Foster Company will post 1.16 EPS for the current year.
Institutional Trading of L.B. Foster
Several large investors have recently modified their holdings of FSTR. Brandes Investment Partners LP lifted its position in shares of L.B. Foster by 17.1% during 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 acquiring an additional 172,492 shares during the period. Gamco Investors INC. ET AL increased its stake in L.B. Foster by 2.0% in the second quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company's stock valued at $20,782,000 after purchasing an additional 18,272 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of L.B. Foster by 7.4% during the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company's stock valued at $5,207,000 after purchasing an additional 16,320 shares during the period. Teton Advisors LLC bought a new position in shares of L.B. Foster during the 3rd quarter worth about $3,767,000. Finally, Minerva Advisors LLC grew its stake in shares of L.B. Foster by 5.2% in the 2nd quarter. Minerva Advisors LLC now owns 83,965 shares of the basic materials company's stock valued at $1,831,000 after buying an additional 4,167 shares during the period. Institutional investors and hedge funds own 80.63% of the company's stock.
Analyst Ratings Changes
FSTR has been the topic of a number of recent analyst reports. Wall Street Zen raised L.B. Foster from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Zacks Research upgraded shares of L.B. Foster from a "strong sell" rating to a "hold" rating in a research report on Monday, October 13th. Singular Research upgraded shares of L.B. Foster to a "moderate buy" rating in a research report on Monday, November 17th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of L.B. Foster in a research note on Monday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $25.00.
Check Out Our Latest Report on FSTR
About L.B. Foster
(
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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