Key Points
- Major shareholder Aron English sold 38,431 shares of L.B. Foster on April 1 at an average price of $28.05 for about $1.08M, reducing his stake by 3.61% to 1,027,255 shares (≈$28.8M).
- L.B. Foster missed quarterly EPS ($0.22 vs. $0.66 expected) while slightly beating revenue, and analysts hold a consensus "Hold" with a $32 target; the company has a market cap of roughly $288.6M and a P/E of about 40.6.
L.B. Foster Company (NASDAQ:FSTR - Get Free Report) major shareholder Aron English sold 1,500 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $28.02, for a total transaction of $42,030.00. Following the completion of the sale, the insider directly owned 1,065,686 shares in the company, valued at approximately $29,860,521.72. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major 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
Shares of FSTR opened at $27.99 on Friday. L.B. Foster Company has a 12-month low of $17.16 and a 12-month high of $32.63. The stock has a market cap of $288.58 million, a P/E ratio of 40.57 and a beta of 1.01. The company has a current ratio of 1.87, a quick ratio of 1.15 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $29.76 and a two-hundred day moving average of $28.16.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.44). The company had revenue of $160.37 million for the quarter, compared to analyst estimates of $158.83 million. L.B. Foster had a return on equity of 4.32% and a net margin of 1.40%. As a group, research analysts predict that L.B. Foster Company will post 1.16 EPS for the current fiscal year.
Institutional Trading of L.B. Foster
Several institutional investors have recently made changes to their positions in FSTR. Comerica Bank increased its holdings in shares of L.B. Foster by 356.7% during the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company's stock worth $40,000 after buying an additional 1,145 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in 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 worth $47,000 after acquiring an additional 1,395 shares during the last quarter. State of Wyoming purchased a new position in shares of L.B. Foster in the 2nd quarter worth about $122,000. BNP Paribas Financial Markets raised its holdings in shares of L.B. Foster by 469.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company's stock worth $155,000 after purchasing an additional 4,752 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of L.B. Foster in the 4th quarter valued at about $180,000. 80.63% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
FSTR has been the subject of a number of recent research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of L.B. Foster in a research report on Monday, December 29th. Wall Street Zen downgraded shares of L.B. Foster from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 7th. Zacks Research lowered shares of L.B. Foster from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 4th. Finally, B. Riley Financial upped their price objective on shares of L.B. Foster from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, L.B. Foster currently has an average rating of "Hold" and an average price target of $32.00.
Check Out Our Latest Stock Analysis on FSTR
About L.B. Foster
(
Get Free Report)
L.B. Foster Company is a diversified infrastructure solutions provider offering products and services to the transportation, energy, and construction markets. Founded in 1902 and headquartered in Pittsburgh, Pennsylvania, the company has built a reputation for delivering specialty materials and engineering solutions that support critical infrastructure projects across various industries.
The company's operations are organized into three primary segments: Rail Products & Services, Construction Products, and Tubular & Energy Products.
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