L.B. Foster (NASDAQ:FSTR) Cut 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.

Wall Street Zen cut shares of L.B. Foster (NASDAQ:FSTR - Free Report) from a buy rating to a hold rating in a research report report published on Sunday morning.

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 analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $25.00.

L.B. Foster Price Performance

NASDAQ FSTR traded down $0.77 during trading on Friday, reaching $26.03. The company's stock had a trading volume of 43,030 shares, compared to its average volume of 34,452. 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 stock has a market capitalization of $275.92 million, a PE ratio of 7.84 and a beta of 0.98. The firm has a fifty day moving average of $23.37 and a 200 day moving average of $21.68. L.B. Foster has a one year low of $17.16 and a one year high of $29.77.

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 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 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. Analysts expect that L.B. Foster will post 1.16 EPS for the current fiscal year.

Institutional Trading of L.B. Foster

Large investors have recently modified their holdings of the company. First Trust Advisors LP lifted its position in L.B. Foster by 1.5% during the second quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company's stock valued at $701,000 after purchasing an additional 461 shares in the last quarter. Rhumbline Advisers lifted its position in L.B. Foster by 5.7% during the second quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company's stock valued at $211,000 after purchasing an additional 525 shares in the last quarter. First Horizon Advisors Inc. lifted its position in L.B. Foster by 250.1% during the second quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 963 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in L.B. Foster by 189.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 1,395 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in L.B. Foster by 29.3% during the second 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 in the last quarter. Institutional investors own 80.63% of the company's stock.

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.