Janney Montgomery Scott LLC Invests $489,000 in L.B. Foster Company $FSTR

Key Points

• Janney Montgomery Scott LLC has invested approximately $489,000 in L.B. Foster Company, acquiring 22,357 shares, representing about 0.21% ownership as of the latest SEC disclosure.
• Recent analyst ratings for L.B. Foster have been mostly positive, with Zacks Research upgrading the stock from "strong sell" to "hold" and Wall Street Zen moving it from "hold" to "buy." The consensus rating now is "Hold" with an average price target of $25.00.
• L.B. Foster reported earnings of $0.27 per share for the last quarter, falling short of the expected $0.52, with revenue of $143.56 million, below analyst estimates of $147.76 million.

Janney Montgomery Scott LLC purchased a new position in shares of L.B. Foster Company (NASDAQ:FSTR - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 22,357 shares of the basic materials company's stock, valued at approximately $489,000. Janney Montgomery Scott LLC owned approximately 0.21% of L.B. Foster at the end of the most recent reporting period.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Zacks Research raised L.B. Foster from a "strong sell" rating to a "hold" rating in a research note on Monday, October 13th. Wall Street Zen raised L.B. Foster from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of L.B. Foster in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $25.00.

L.B. Foster Stock Performance

Shares of NASDAQ FSTR opened at $26.18 on Friday. L.B. Foster Company has a 12 month low of $17.16 and a 12 month high of $29.77. The company has a market cap of $277.51 million, a P/E ratio of 7.89 and a beta of 0.96. The business's 50 day moving average is $25.96 and its two-hundred day moving average is $22.54. The company has a quick ratio of 1.43, a current ratio of 2.53 and a debt-to-equity ratio of 0.46.

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

L.B. Foster Profile

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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