L.B. Foster Company (NASDAQ:FSTR - Get Free Report)'s share price 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.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Zacks Research cut L.B. Foster from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded L.B. Foster from a "hold" rating to a "buy" rating in a report on Saturday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $25.00.
View Our Latest Stock Analysis on L.B. Foster
L.B. Foster Stock Up 1.0%
The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 2.53. The company has a market cap of $293.73 million, a price-to-earnings ratio of 8.35 and a beta of 0.99. The business has a 50-day simple moving average of $24.33 and a 200-day simple moving average of $21.56.
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 analysts' consensus estimates of $0.52 by ($0.25). The company had revenue of $143.56 million during the quarter, compared to analyst estimates 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, equities analysts anticipate that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.
Institutional Investors Weigh In On L.B. Foster
Hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. raised its position in shares of L.B. Foster by 250.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company's stock worth $29,000 after acquiring an additional 963 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of L.B. Foster by 189.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company's stock worth $47,000 after acquiring an additional 1,395 shares in the last quarter. State of Wyoming acquired a new stake in shares of L.B. Foster during the 2nd quarter worth about $122,000. BNP Paribas Financial Markets raised its position in shares of L.B. Foster by 197.2% during the 4th 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of L.B. Foster during the 2nd quarter worth about $201,000. Institutional investors and hedge funds 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.
Read More
Before you consider L.B. Foster, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and L.B. Foster wasn't on the list.
While L.B. Foster currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
