L.B. Foster (NASDAQ:FSTR) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of L.B. Foster (NASDAQ:FSTR) from a strong-buy rating to a hold rating in a research note issued to investors on Saturday.

FSTR has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of L.B. Foster in a report on Friday, August 7th. Zacks Research lowered shares of L.B. Foster from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.00.

L.B. Foster Price Performance

Shares of FSTR opened at $38.74 on Friday. The business’s fifty day moving average is $42.06 and its 200 day moving average is $35.87. L.B. Foster has a 12-month low of $22.32 and a 12-month high of $45.81. The company has a quick ratio of 1.28, a current ratio of 2.00 and a debt-to-equity ratio of 0.27. The stock has a market cap of $407.54 million, a P/E ratio of 36.90, a P/E/G ratio of 0.59 and a beta of 1.15.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results on Monday, August 10th. The basic materials company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). L.B. Foster had a net margin of 2.04% and a return on equity of 7.61%. The business had revenue of $138.55 million for the quarter, compared to the consensus estimate of $134.49 million. Sell-side analysts anticipate that L.B. Foster will post 1.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On L.B. Foster

Large investors have recently bought and sold shares of the stock. Comerica Bank boosted its holdings in L.B. Foster by 356.7% during the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 1,145 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of L.B. Foster in the 1st quarter worth $47,000. Tower Research Capital LLC TRC raised its holdings in shares of L.B. Foster by 189.5% in 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 purchasing an additional 1,395 shares during the last quarter. State of Wyoming purchased a new stake in shares of L.B. Foster in the second quarter valued at about $122,000. Finally, BNP Paribas Financial Markets lifted its position in shares of L.B. Foster by 469.1% during the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 4,752 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

About L.B. Foster

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.