L.B. Foster (NASDAQ:FSTR) Stock Rating Upgraded by Wall Street Zen

Key Points

• L.B. Foster's rating was upgraded from "hold" to "buy" by Wall Street Zen, highlighting a positive shift in analyst sentiment.
• Conversely, Zacks Research downgraded the stock from "hold" to a "strong sell," indicating mixed perspectives among analysts.
• The company's recent quarterly earnings showed a miss on EPS estimates, reporting $0.27 versus the expected $0.52, with revenue also falling short of expectations.

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

Separately, Zacks Research lowered L.B. Foster from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $25.00.

L.B. Foster Stock Performance

Shares of L.B. Foster stock traded up $0.15 during trading hours on Friday, reaching $27.99. The company had a trading volume of 52,644 shares, compared to its average volume of 29,769. L.B. Foster has a one year low of $17.16 and a one year high of $29.77. The business has a fifty day simple moving average of $24.54 and a 200 day simple moving average of $21.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 1.43. The firm has a market cap of $296.69 million, a PE ratio of 8.43 and a beta of 0.99.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $143.56 million for the quarter, compared to the consensus estimate 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. On average, analysts anticipate that L.B. Foster will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Brandes Investment Partners LP boosted its position in L.B. Foster by 17.1% during the 2nd quarter. Brandes Investment Partners LP now owns 1,179,015 shares of the basic materials company's stock valued at $25,785,000 after acquiring an additional 172,492 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of L.B. Foster by 161.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company's stock worth $1,122,000 after purchasing an additional 31,685 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of L.B. Foster in the 2nd quarter worth approximately $489,000. Gamco Investors INC. ET AL boosted its position in shares of L.B. Foster by 2.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company's stock worth $20,782,000 after purchasing an additional 18,272 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in L.B. Foster by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company's stock valued at $5,207,000 after acquiring an additional 16,320 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company's stock.

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.