L.B. Foster Company (NASDAQ:FSTR - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.58 and traded as high as $27.10. L.B. Foster shares last traded at $26.70, with a volume of 25,689 shares changing hands.
Wall Street Analysts Forecast Growth
FSTR has been the topic of several analyst reports. Zacks Research cut L.B. Foster from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. Wall Street Zen cut shares of L.B. Foster from a "buy" rating to a "hold" rating in a research report on Sunday, August 24th. One equities 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.com, L.B. Foster currently has an average rating of "Reduce" and an average target price of $25.00.
Get Our Latest Report on FSTR
L.B. Foster Price Performance
The company has a quick ratio of 1.43, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. The stock has a market cap of $283.02 million, a P/E ratio of 8.04 and a beta of 0.99. The firm's fifty day moving average price is $24.06 and its 200-day moving average price is $21.58.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last issued its 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 firm had revenue of $143.56 million during the quarter, compared to the consensus estimate of $147.76 million. L.B. Foster has set its FY 2025 guidance at EPS. Analysts forecast that L.B. Foster Company will post 1.16 earnings per share for the current year.
Institutional Trading of L.B. Foster
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSTR. BNP Paribas Financial Markets lifted its stake in L.B. Foster by 197.2% in the fourth quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company's stock worth $171,000 after acquiring an additional 4,225 shares during the period. Lazard Asset Management LLC purchased a new position in L.B. Foster during the fourth quarter valued at $349,000. Janney Montgomery Scott LLC purchased a new position in L.B. Foster during the second quarter valued at $489,000. 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 buying an additional 3,030 shares during the period. Finally, Marion Wealth Management purchased a new position in L.B. Foster during the second quarter valued at $210,000. Hedge funds and other institutional investors own 80.63% of the company's stock.
About L.B. Foster
(
Get Free Report)
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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