L.B. Foster (NASDAQ:FSTR) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded L.B. Foster from “strong buy” to “hold,” following a similar downgrade by Zacks Research. MarketBeat’s consensus is now “hold,” with a $32.00 target price.
• L.B. Foster reported quarterly EPS of $0.29, missing the $0.41 consensus estimate, although revenue of $138.55 million exceeded expectations of $134.49 million.
• Shares opened at $38.74, near the upper end of their 52-week range, while institutional investors own approximately 80.63% of the company’s stock.

L.B. Foster (NASDAQ:FSTR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "hold" rating in a report issued on Saturday.

Other equities research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of L.B. Foster from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of L.B. Foster in a research 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $32.00.

L.B. Foster Price Performance

Shares of FSTR opened at $38.74 on Friday. The stock has a 50 day simple moving average of $42.06 and a 200 day simple moving average of $35.87. L.B. Foster has a 52-week low of $22.32 and a 52-week high of $45.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 2.00. The firm has a market capitalization of $407.54 million, a PE ratio of 36.90, a P/E/G ratio of 0.59 and a beta of 1.15.

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

Institutional Investors Weigh In On L.B. Foster

Several institutional investors have recently bought and sold shares of FSTR. Brandes Investment Partners LP boosted its position in L.B. Foster by 1.5% during the 4th quarter. Brandes Investment Partners LP now owns 1,360,415 shares of the basic materials company's stock worth $36,663,000 after acquiring an additional 20,371 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of L.B. Foster by 7.4% in the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company's stock valued at $5,207,000 after purchasing an additional 16,320 shares during the last quarter. State Street Corp lifted its position in shares of L.B. Foster by 2.4% in the fourth quarter. State Street Corp now owns 145,647 shares of the basic materials company's stock worth $3,925,000 after purchasing an additional 3,349 shares in the last quarter. Bragg Financial Advisors Inc lifted its position in shares of L.B. Foster by 0.4% in the fourth quarter. Bragg Financial Advisors Inc now owns 113,765 shares of the basic materials company's stock worth $3,066,000 after purchasing an additional 416 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings in L.B. Foster by 593.7% during the fourth quarter. Wealthspire Advisors LLC now owns 68,923 shares of the basic materials company's stock worth $1,857,000 after purchasing an additional 58,988 shares during the last quarter. Institutional investors own 80.63% of the company's stock.

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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