Aron English Sells 1,500 Shares of L.B. Foster (NASDAQ:FSTR) Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 1,500 shares of L.B. Foster stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $28.02, for a total transaction of $42,030.00. Following the completion of the sale, the insider owned 1,065,686 shares of the company’s stock, valued at $29,860,521.72. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

L.B. Foster Stock Performance

Shares of FSTR opened at $27.99 on Friday. The firm has a market cap of $288.58 million, a price-to-earnings ratio of 40.57 and a beta of 1.01. The company’s fifty day moving average is $29.74 and its 200-day moving average is $28.16. The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 0.24. L.B. Foster Company has a 12 month low of $17.16 and a 12 month high of $32.63.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data on Tuesday, March 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.44). The business had revenue of $160.37 million during the quarter, compared to analyst estimates of $158.83 million. L.B. Foster had a net margin of 1.40% and a return on equity of 4.32%. Equities analysts expect that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FSTR has been the subject of several recent analyst reports. Zacks Research downgraded L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Wall Street Zen lowered L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. B. Riley Financial upped their target price on L.B. Foster from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of L.B. Foster in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.00.

Institutional Investors Weigh In On L.B. Foster

A number of institutional investors have recently added to or reduced their stakes in the company. Teton Advisors LLC bought a new position in L.B. Foster during the third quarter valued at about $3,767,000. Wealthspire Advisors LLC lifted its position in shares of L.B. Foster by 593.7% in the 4th quarter. Wealthspire Advisors LLC now owns 68,923 shares of the basic materials company’s stock worth $1,857,000 after acquiring an additional 58,988 shares during the period. Bridgeway Capital Management LLC grew its holdings in shares of L.B. Foster by 161.7% during the 2nd quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company’s stock worth $1,122,000 after purchasing an additional 31,685 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of L.B. Foster during the 3rd quarter worth approximately $738,000. Finally, Brandes Investment Partners LP increased its position in shares of L.B. Foster by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 1,360,415 shares of the basic materials company’s stock valued at $36,663,000 after purchasing an additional 20,371 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

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.