L.B. Foster (NASDAQ:FSTR) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• L.B. Foster's stock rating has been downgraded from "buy" to "hold" by Wall Street Zen, following a similar downgrade to "strong sell" by Zacks Research.
• The company reported earnings of $0.27 per share for the last quarter, missing the consensus estimate of $0.52, and generated revenue of $143.56 million, which fell short of the expected $147.76 million.
• Currently, institutional investors own approximately 80.63% of L.B. Foster's stock, indicating strong institutional interest despite the unfavorable outlook from analysts.

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

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

L.B. Foster Price Performance

FSTR opened at $24.43 on Friday. The stock's 50 day simple moving average is $22.77 and its 200 day simple moving average is $21.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 1.43. L.B. Foster has a 1 year low of $17.16 and a 1 year high of $29.77. The firm has a market cap of $258.96 million, a price-to-earnings ratio of 7.36 and a beta of 0.98.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last posted 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). L.B. Foster had a return on equity of 3.64% and a net margin of 7.19%.The company had revenue of $143.56 million for the quarter, compared to the consensus estimate of $147.76 million. L.B. Foster has set its FY 2025 guidance at EPS. As a group, analysts predict that L.B. Foster will post 1.16 earnings per share for the current year.

Institutional Investors Weigh In On L.B. Foster

A number of large investors have recently made changes to their positions in FSTR. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 4,225 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of L.B. Foster in the 4th quarter valued at approximately $349,000. Janney Montgomery Scott LLC purchased a new position in shares of L.B. Foster in the 2nd quarter valued at approximately $489,000. Envestnet Asset Management Inc. lifted its stake in shares of L.B. Foster by 29.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company's stock valued at $292,000 after purchasing an additional 3,030 shares during the period. Finally, Marion Wealth Management purchased a new position in shares of L.B. Foster in the 2nd quarter valued at approximately $210,000. 80.63% of the stock is currently owned by institutional investors.

L.B. Foster Company 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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