Weiss Ratings Reaffirms Hold (C) Rating for L.B. Foster (NASDAQ:FSTR)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for L.B. Foster (NASDAQ:FSTR) after recent earnings results that missed analyst estimates.
• A divergence in ratings exists as Zacks Research downgraded L.B. Foster to "strong sell," while Wall Street Zen upgraded it to "buy."
• L.B. Foster's stock has a 52-week high of $29.77, and it has recently seen a 1.6% increase, opening at $26.42.

L.B. Foster (NASDAQ:FSTR - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

FSTR has been the topic of a number of other research reports. Zacks Research downgraded shares of L.B. Foster from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of L.B. Foster from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $25.00.

L.B. Foster Stock Up 1.6%

Shares of NASDAQ FSTR opened at $26.42 on Wednesday. The company has a market capitalization of $280.05 million, a P/E ratio of 7.96 and a beta of 0.96. L.B. Foster has a 52-week low of $17.16 and a 52-week high of $29.77. 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's 50 day moving average price is $25.42 and its 200-day moving average price is $22.25.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last released its 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). L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. The company had revenue of $143.56 million for the quarter, compared to analyst estimates of $147.76 million. L.B. Foster has set its FY 2025 guidance at EPS. Equities analysts forecast that L.B. Foster will post 1.16 earnings per share for the current year.

Institutional Trading of L.B. Foster

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming bought a new stake in L.B. Foster during the 2nd quarter valued at $122,000. Tower Research Capital LLC TRC grew its stake in shares of L.B. Foster by 189.5% in 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. Bridgeway Capital Management LLC grew its stake in shares of L.B. Foster by 161.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company's stock worth $1,122,000 after acquiring an additional 31,685 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of 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 in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of L.B. Foster by 2.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company's stock worth $20,782,000 after acquiring an additional 18,272 shares in the last quarter. Institutional investors own 80.63% of the company's stock.

About L.B. Foster

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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