L.B. Foster Company $FSTR Position Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in L.B. Foster Company (NASDAQ:FSTR) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,382 shares of the basic materials company’s stock after selling 14,200 shares during the quarter. Renaissance Technologies LLC owned approximately 3.02% of L.B. Foster worth $8,827,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Comerica Bank raised its holdings in shares of L.B. Foster by 356.7% during the third quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,145 shares during the period. Fifth Third Bancorp acquired a new stake in shares of L.B. Foster in the first quarter worth $47,000. Tower Research Capital LLC TRC grew its holdings 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 valued at $47,000 after buying an additional 1,395 shares in the last quarter. State of Wyoming acquired a new position in L.B. Foster during the second quarter valued at $122,000. Finally, BNP Paribas Financial Markets lifted its stake in L.B. Foster by 469.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock worth $155,000 after acquiring an additional 4,752 shares in the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research lowered L.B. Foster from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings upgraded shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, L.B. Foster presently has an average rating of “Hold” and an average price target of $32.00.

L.B. Foster Price Performance

L.B. Foster stock opened at $41.13 on Monday. The company has a market capitalization of $430.22 million, a P/E ratio of 39.93, a P/E/G ratio of 0.66 and a beta of 1.15. The firm’s fifty day simple moving average is $42.19 and its 200-day simple moving average is $35.14. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 0.34. L.B. Foster Company has a 1-year low of $21.67 and a 1-year high of $45.81.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data on Monday, May 4th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.36. The firm had revenue of $121.14 million during the quarter, compared to analysts’ expectations of $104.30 million. L.B. Foster had a net margin of 1.98% and a return on equity of 6.36%. Sell-side analysts forecast that L.B. Foster Company will post 1.74 earnings per share for the current fiscal year.

L.B. Foster Company Profile

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.