Goldman Sachs Group Inc. Has $567,000 Stock Position in L.B. Foster Company $FSTR

Key Points

• Goldman Sachs Group Inc. reduced its stake in L.B. Foster Company by 54.7% in Q1, owning 28,823 shares valued at $567,000 as of the latest SEC filing.
• BNP Paribas Financial Markets increased its holdings in L.B. Foster by 197.2%, now owning 6,368 shares worth $171,000, highlighting growing institutional interest with 80.63% of the stock owned by institutional investors.
• L.B. Foster reported a missed earnings estimate for Q2, with an EPS of $0.27 compared to a consensus estimate of $0.52, leading to a current stock consensus rating of "Reduce."

Goldman Sachs Group Inc. trimmed its position in L.B. Foster Company (NASDAQ:FSTR - Free Report) by 54.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,823 shares of the basic materials company's stock after selling 34,835 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.27% of L.B. Foster worth $567,000 at the end of the most recent quarter.

Separately, BNP Paribas Financial Markets boosted its stake in L.B. Foster by 197.2% in the 4th quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company's stock worth $171,000 after purchasing an additional 4,225 shares during the period. 80.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Zacks Research cut L.B. Foster from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded L.B. Foster from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $25.00.

L.B. Foster Price Performance

FSTR opened at $26.71 on Friday. The stock has a market cap of $283.13 million, a price-to-earnings ratio of 8.05 and a beta of 0.99. L.B. Foster Company has a 1 year low of $17.16 and a 1 year high of $29.77. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $24.89 and a 200 day moving average price of $21.86.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.25). The firm had revenue of $143.56 million for the quarter, compared to analyst estimates of $147.76 million. L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. L.B. Foster has set its FY 2025 guidance at EPS. Analysts forecast that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

About L.B. Foster

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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