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

Key Points

• L.B. Foster shares crossed above their 200-day moving average, reaching $38.37 before closing at $37.30, although the stock remained below its 50-day moving average of $39.50.
• Analyst sentiment has weakened, with several firms downgrading the stock to “Hold.” The consensus rating is “Hold,” with an average price target of $32.00—below the recent share price.
• The company’s latest quarterly EPS of $0.29 missed expectations of $0.41, despite revenue exceeding estimates; institutional investors own approximately 80.63% of outstanding shares.

L.B. Foster Company (NASDAQ:FSTR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.04 and traded as high as $38.37. L.B. Foster shares last traded at $37.30, with a volume of 46,859 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FSTR shares. Weiss Ratings cut L.B. Foster from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, September 4th. Zacks Research lowered L.B. Foster from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Finally, Wall Street Zen cut shares of L.B. Foster from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $32.00.

L.B. Foster Stock Down 0.1%

The company has a market cap of $392.40 million, a P/E ratio of 35.52, a P/E/G ratio of 0.57 and a beta of 1.15. The company's 50-day moving average is $39.50 and its two-hundred day moving average is $37.04. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.00 and a quick ratio of 1.15.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). The business had revenue of $138.55 million during the quarter, compared to the consensus estimate of $134.49 million. L.B. Foster had a net margin of 2.04% and a return on equity of 7.61%. As a group, equities analysts predict that L.B. Foster Company will post 1.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On L.B. Foster

Several institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC increased its position in shares of L.B. Foster by 2.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,763 shares of the basic materials company's stock valued at $635,000 after purchasing an additional 482 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of L.B. Foster by 8.0% in the first quarter. Empowered Funds LLC now owns 16,665 shares of the basic materials company's stock worth $465,000 after buying an additional 1,232 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of L.B. Foster in the first quarter worth approximately $47,000. Bank of America Corp DE boosted its holdings in shares of L.B. Foster by 13.3% in the first quarter. Bank of America Corp DE now owns 15,941 shares of the basic materials company's stock worth $445,000 after buying an additional 1,869 shares during the last quarter. Finally, Royal Bank of Canada grew its position in L.B. Foster by 74.3% during the first quarter. Royal Bank of Canada now owns 21,558 shares of the basic materials company's stock valued at $601,000 after buying an additional 9,191 shares during the period. 80.63% of the stock is owned by hedge funds and other institutional investors.

L.B. Foster Company Profile

L.B. Foster Company NASDAQ: FSTR is an infrastructure products and services provider serving the rail, construction and related industrial markets. Founded in 1902 and headquartered in Pittsburgh, Pennsylvania, the company supplies products and technical solutions used to build, maintain and improve transportation and civil infrastructure.

Its rail business offers products and services for railway track and maintenance operations, including rail joints and related track components, rail lubricating systems, track tools, inspection and monitoring solutions, and other equipment and services designed to support rail infrastructure reliability and safety.

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