L.B. Foster (NASDAQ:FSTR) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• L.B. Foster's share price recently crossed above its 200-day moving average, trading as high as $26.81 before closing at $26.03.
• Wall Street analysts have downgraded L.B. Foster's rating, with Zacks Research moving from a "hold" to a "strong sell," while the consensus rating has dropped to "Reduce."
• The company reported Q2 earnings that missed estimates, with an EPS of $0.27 compared to the expected $0.52, and revenue of $143.56 million versus the forecast of $147.76 million.

L.B. Foster Company (NASDAQ:FSTR - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.58 and traded as high as $26.81. L.B. Foster shares last traded at $26.03, with a volume of 43,030 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of L.B. Foster from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Wall Street Zen downgraded shares of L.B. Foster from a "buy" rating to a "hold" rating in a report on Sunday, August 24th. One research 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 a consensus rating of "Reduce" and a consensus price target of $25.00.

L.B. Foster Trading Down 2.4%

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 cap of $281.22 million, a price-to-earnings ratio of 7.99 and a beta of 0.99. The company's fifty day moving average price is $23.87 and its 200-day moving average price is $21.58.

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). L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. The company 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, research analysts expect that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On L.B. Foster

Several hedge funds have recently modified their holdings of FSTR. BNP Paribas Financial Markets increased its holdings in shares of L.B. Foster by 197.2% during the fourth quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company's stock valued at $171,000 after acquiring an additional 4,225 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in L.B. Foster in the fourth quarter valued at approximately $349,000. Janney Montgomery Scott LLC purchased a new stake in L.B. Foster in the second quarter valued at approximately $489,000. Envestnet Asset Management Inc. boosted its position in L.B. Foster by 29.3% in the second quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company's stock valued at $292,000 after buying an additional 3,030 shares during the last quarter. Finally, Marion Wealth Management purchased a new stake in L.B. Foster in the second quarter valued at approximately $210,000. Institutional investors and hedge funds 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.