De Lisle Partners LLP Decreases Position in L.B. Foster Company $FSTR

De Lisle Partners LLP reduced its stake in L.B. Foster Company (NASDAQ:FSTR) by 13.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,675 shares of the basic materials company’s stock after selling 6,269 shares during the period. De Lisle Partners LLP’s holdings in L.B. Foster were worth $889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted 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 buying an additional 963 shares during the last quarter. Marion Wealth Management acquired a new stake in L.B. Foster during the 2nd quarter worth $210,000. Rhumbline Advisers lifted its position in L.B. Foster by 5.7% in the second quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company’s stock valued at $211,000 after acquiring an additional 525 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in L.B. Foster in the second quarter valued at $283,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of L.B. Foster by 29.3% during the second quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company’s stock worth $292,000 after purchasing an additional 3,030 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

L.B. Foster Trading Down 0.3%

Shares of FSTR stock opened at $26.87 on Friday. The company has a market capitalization of $279.21 million, a P/E ratio of 8.09 and a beta of 0.97. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $26.76 and its two-hundred day moving average is $24.13. L.B. Foster Company has a twelve month low of $17.16 and a twelve month high of $29.77.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.21). L.B. Foster had a return on equity of 3.64% and a net margin of 7.19%.The company had revenue of $138.29 million for the quarter, compared to analyst estimates of $154.38 million. L.B. Foster has set its FY 2025 guidance at EPS. Equities analysts forecast that L.B. Foster Company will post 1.16 EPS for the current year.

Analyst Ratings Changes

FSTR has been the subject of several research reports. Zacks Research raised L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of L.B. Foster in a research note on Wednesday, November 19th. Singular Research upgraded shares of L.B. Foster to a “moderate buy” rating in a research report on Monday, November 17th. Finally, Wall Street Zen raised shares of L.B. Foster from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.00.

Insider Buying and Selling at L.B. Foster

In related news, CEO Brian H. Kelly sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $27.15, for a total value of $271,500.00. Following the completion of the sale, the chief executive officer owned 79,027 shares in the company, valued at $2,145,583.05. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Aron R. English sold 1,725 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $26.94, for a total value of $46,471.50. Following the transaction, the insider owned 1,265,804 shares in the company, valued at $34,100,759.76. The trade was a 0.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,317 shares of company stock valued at $1,552,048 in the last 90 days. Company insiders own 4.70% 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.