L.B. Foster (NASDAQ:FSTR) Upgraded to Buy at Wall Street Zen

Key Points

• L.B. Foster's stock was upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating optimistic future performance.
• In the latest quarterly earnings report, L.B. Foster posted $0.27 EPS, missing the analysts' consensus of $0.52, with revenue also falling short of expectations.
• Institutional investors have increased their stake in L.B. Foster significantly, with ownership now at 80.63% of the company's stock.

L.B. Foster (NASDAQ:FSTR - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

L.B. Foster Stock Performance

Shares of FSTR opened at $22.56 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $22.41 and a two-hundred day simple moving average of $21.93. The stock has a market cap of $239.14 million, a price-to-earnings ratio of 6.80 and a beta of 0.98. L.B. Foster has a 52 week low of $17.16 and a 52 week high of $29.77.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The basic materials company reported $0.27 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 analysts' expectations of $147.76 million. L.B. Foster had a return on equity of 3.64% and a net margin of 7.19%. On average, analysts expect that L.B. Foster will post 1.16 EPS for the current year.

Institutional Trading of L.B. Foster

Institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. grew its position in shares of 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 worth $29,000 after purchasing an additional 963 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of 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 worth $47,000 after purchasing an additional 1,395 shares in the last quarter. BNP Paribas Financial Markets grew its position 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 worth $171,000 after purchasing an additional 4,225 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of L.B. Foster during the second quarter worth about $201,000. Finally, Marion Wealth Management purchased a new stake in shares of L.B. Foster during the second quarter worth about $210,000. Hedge funds and other 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.

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