L.B. Foster (NASDAQ:FSTR) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• L.B. Foster stock crossed above its 200-day moving average, trading as high as $32.48 and last at $31.81 (200‑day MA $28.54) on volume of 88,651 shares.
• Analyst sentiment is mixed: the consensus rating is Hold with a consensus target price of $32.00, while individual ratings range from Buy to Strong Sell (B. Riley lifted its target to $32; Zacks cut to Strong Sell).
• The company missed quarterly EPS ($0.22 vs. $0.66 expected) despite a slight revenue beat, and insiders have been selling shares (78,414 by a major shareholder; 152,074 sold over the quarter).

L.B. Foster Company (NASDAQ:FSTR - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.54 and traded as high as $32.48. L.B. Foster shares last traded at $31.81, with a volume of 88,651 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FSTR. Weiss Ratings reissued a "hold (c-)" rating on shares of L.B. Foster in a research report on Monday, December 29th. Wall Street Zen lowered L.B. Foster from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 7th. B. Riley Financial lifted their price target on L.B. Foster from $27.00 to $32.00 and gave the company a "neutral" rating in a report on Wednesday, March 4th. Finally, Zacks Research cut L.B. Foster from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $32.00.

L.B. Foster Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.87 and a quick ratio of 1.15. The stock has a market capitalization of $332.73 million, a P/E ratio of 46.10 and a beta of 1.01. The stock's fifty day moving average is $29.57 and its 200-day moving average is $28.54.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last posted its earnings results on Tuesday, March 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.44). The company had revenue of $160.37 million for the quarter, compared to the consensus estimate of $158.83 million. L.B. Foster had a net margin of 1.40% and a return on equity of 4.32%. On average, equities analysts anticipate that L.B. Foster Company will post 1.66 earnings per share for the current year.

Insider Buying and Selling at L.B. Foster

In related news, major shareholder Aron R. English sold 78,414 shares of the business's stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $28.51, for a total value of $2,235,583.14. Following the completion of the sale, the insider directly owned 1,107,508 shares in the company, valued at approximately $31,575,053.08. The trade was a 6.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 152,074 shares of company stock valued at $4,325,623. 7.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On L.B. Foster

A number of institutional investors have recently modified their holdings of FSTR. Geode Capital Management LLC lifted its stake in shares of L.B. Foster by 7.4% in the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company's stock worth $5,207,000 after buying an additional 16,320 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of L.B. Foster by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company's stock worth $211,000 after buying an additional 525 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in L.B. Foster in the 2nd quarter valued at $201,000. First Trust Advisors LP grew its stake in L.B. Foster by 1.5% in the 2nd quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company's stock valued at $701,000 after buying an additional 461 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in L.B. Foster by 15.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 52,527 shares of the basic materials company's stock worth $1,149,000 after acquiring an additional 6,920 shares during the period. Institutional investors own 80.63% of the company's stock.

About L.B. Foster

L.B. Foster Company is a diversified infrastructure solutions provider offering products and services to the transportation, energy, and construction markets. Founded in 1902 and headquartered in Pittsburgh, Pennsylvania, the company has built a reputation for delivering specialty materials and engineering solutions that support critical infrastructure projects across various industries.

The company's operations are organized into three primary segments: Rail Products & Services, Construction Products, and Tubular & Energy Products.

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