30,495 Shares in L.B. Foster Company $FSTR Purchased by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP purchased 30,495 shares of L.B. Foster worth approximately $1.38 million, representing about 0.29% of the company. Institutional investors collectively own 80.63% of FSTR.
• Analyst sentiment has weakened, with Wall Street Zen and Zacks Research downgrading the stock to “hold.” The consensus rating is “Hold,” with a price target of $32.00.
• L.B. Foster reported quarterly earnings of $0.29 per share, missing estimates of $0.41, although revenue of $138.55 million exceeded expectations. The stock opened at $38.08 and has traded between $22.60 and $45.81 over the past year.

De Lisle Partners LLP purchased a new stake in shares of L.B. Foster Company (NASDAQ:FSTR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,495 shares of the basic materials company's stock, valued at approximately $1,378,000. De Lisle Partners LLP owned about 0.29% of L.B. Foster at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of L.B. Foster by 7.4% during the 2nd quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company's stock worth $5,207,000 after acquiring an additional 16,320 shares in the last quarter. Rhumbline Advisers boosted its position in shares of L.B. Foster by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company's stock valued at $211,000 after acquiring an additional 525 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of L.B. Foster in the second quarter valued at $201,000. First Trust Advisors LP grew its holdings in shares of L.B. Foster by 1.5% in the second quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company's stock valued at $701,000 after purchasing an additional 461 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in L.B. Foster by 15.2% in the second quarter. Ameriprise Financial Inc. now owns 52,527 shares of the basic materials company's stock worth $1,149,000 after purchasing an additional 6,920 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FSTR shares. Wall Street Zen downgraded shares of L.B. Foster from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 15th. Zacks Research cut shares of L.B. Foster from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of L.B. Foster in a report on Friday, August 7th. 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 stock presently has an average rating of "Hold" and a consensus price target of $32.00.

L.B. Foster Price Performance

NASDAQ:FSTR opened at $38.08 on Friday. The firm has a market capitalization of $400.60 million, a price-to-earnings ratio of 36.27, a PEG ratio of 0.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.00 and a quick ratio of 1.15. The business has a 50 day simple moving average of $41.67 and a 200-day simple moving average of $36.18. L.B. Foster Company has a 1 year low of $22.60 and a 1 year high of $45.81.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last released its earnings results on Monday, August 10th. The basic materials company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). L.B. Foster had a net margin of 2.04% and a return on equity of 7.61%. The company had revenue of $138.55 million for the quarter, compared to the consensus estimate of $134.49 million. Equities analysts forecast that L.B. Foster Company will post 1.81 EPS for the current year.

About L.B. Foster

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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