Key Points
- Major shareholder Aron English sold 9,765 shares on December 8 at an average price of $27.28 for $266,389.20, reducing his stake by 0.77% to 1,254,631 shares (≈$34.23M), as disclosed in an SEC filing.
- Earnings miss: L.B. Foster reported $0.40 EPS versus $0.61 expected and revenue of $138.29M versus $154.38M, with a net margin of 0.96% and ROE of 2.79%.
- The stock has a market cap of $279.18M and a P/E of 59.71 with a 52‑week range of $17.16–$29.77; analysts have a consensus "Hold" rating (average target $25.00) and institutional investors own 80.63% of the shares.
L.B. Foster Company (NASDAQ:FSTR - Get Free Report) major shareholder Aron English sold 4,800 shares of L.B. Foster stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $26.93, for a total transaction of $129,264.00. Following the completion of the transaction, the insider directly owned 1,249,831 shares of the company's stock, valued at $33,657,948.83. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
L.B. Foster Trading Up 2.7%
Shares of NASDAQ FSTR opened at $27.00 on Thursday. The firm's 50 day moving average price is $26.71 and its 200-day moving average price is $24.56. L.B. Foster Company has a 52-week low of $17.16 and a 52-week high of $29.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.21 and a current ratio of 2.21. The company has a market cap of $280.48 million, a PE ratio of 59.99 and a beta of 1.00.
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 for the quarter, missing analysts' consensus estimates of $0.61 by ($0.21). The firm 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 2.79% and a net margin of 0.96%. On average, equities research analysts expect that L.B. Foster Company will post 1.16 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on FSTR. Singular Research upgraded L.B. Foster to a "moderate buy" rating in a research note on Monday, November 17th. Zacks Research upgraded L.B. Foster from a "strong sell" rating to a "hold" rating in a report on Monday, October 13th. Weiss Ratings restated a "hold (c)" rating on shares of L.B. Foster in a research note on Monday. Finally, Wall Street Zen raised shares of L.B. Foster from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $25.00.
Read Our Latest Analysis on FSTR
Institutional Trading of L.B. Foster
Several large investors have recently modified their holdings of the company. Brandes Investment Partners LP boosted its position in 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 worth $25,785,000 after purchasing an additional 172,492 shares during the last quarter. Marion Wealth Management purchased a new stake in shares of L.B. Foster during the 2nd quarter valued at about $210,000. Janney Montgomery Scott LLC bought a new position in shares of L.B. Foster in the 2nd quarter worth approximately $489,000. Envestnet Asset Management Inc. lifted its stake in shares of L.B. Foster by 29.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company's stock worth $292,000 after purchasing an additional 3,030 shares during the period. Finally, Minerva Advisors LLC boosted its holdings in shares of L.B. Foster by 5.2% in the second quarter. Minerva Advisors LLC now owns 83,965 shares of the basic materials company's stock worth $1,831,000 after buying an additional 4,167 shares during the last quarter. Institutional investors own 80.63% of the company's stock.
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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