WealthTrust Axiom LLC reduced its position in L.B. Foster Co. (NASDAQ:FSTR) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,083 shares of the company’s stock after selling 548 shares during the period. WealthTrust Axiom LLC’s holdings in L.B. Foster were worth $251,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of FSTR. Royal Bank of Canada boosted its position in L.B. Foster by 26.9% in the first quarter. Royal Bank of Canada now owns 7,261 shares of the company’s stock worth $132,000 after buying an additional 1,538 shares in the last quarter. Springbok Capital Management LLC boosted its position in L.B. Foster by 21.2% in the first quarter. Springbok Capital Management LLC now owns 10,300 shares of the company’s stock worth $187,000 after buying an additional 1,800 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in L.B. Foster by 80.0% in the first quarter. Envestnet Asset Management Inc. now owns 6,521 shares of the company’s stock worth $118,000 after buying an additional 2,898 shares in the last quarter. Renaissance Technologies LLC boosted its position in L.B. Foster by 0.9% in the first quarter. Renaissance Technologies LLC now owns 146,400 shares of the company’s stock worth $2,659,000 after buying an additional 1,300 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its position in L.B. Foster by 6.0% in the first quarter. Kennedy Capital Management Inc. now owns 324,599 shares of the company’s stock worth $5,895,000 after buying an additional 18,469 shares in the last quarter. Institutional investors own 58.27% of the company’s stock.
L.B. Foster Co. (NASDAQ:FSTR) traded up 0.09% on Monday, reaching $11.51. The company had a trading volume of 31,671 shares. The stock’s market capitalization is $119.51 million. The stock’s 50 day moving average price is $11.35 and its 200-day moving average price is $13.11. L.B. Foster Co. has a 12-month low of $8.80 and a 12-month high of $20.77.
L.B. Foster (NASDAQ:FSTR) last posted its earnings results on Tuesday, August 9th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.30. L.B. Foster had a positive return on equity of 1.90% and a negative net margin of 25.79%. The company earned $136 million during the quarter, compared to the consensus estimate of $152.65 million. During the same period last year, the firm posted $0.52 EPS. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. Equities analysts expect that L.B. Foster Co. will post ($0.36) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Wednesday, September 7th. L.B. Foster’s dividend payout ratio (DPR) is presently -1.10%.
In other L.B. Foster news, Director Bradley Vizi acquired 19,401 shares of the business’s stock in a transaction dated Friday, September 23rd. The stock was purchased at an average price of $11.65 per share, with a total value of $226,021.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert S. Purgason acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were acquired at an average cost of $11.24 per share, with a total value of $112,400.00. Following the transaction, the director now owns 27,915 shares in the company, valued at $313,764.60. The disclosure for this purchase can be found here. 15.20% of the stock is currently owned by company insiders.
About L.B. Foster
L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.
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