L.B. Foster (NASDAQ:FSTR) Stock Rating Lowered by Zacks Research

L.B. Foster (NASDAQ:FSTR) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. Weiss Ratings raised shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.00.

L.B. Foster Stock Performance

NASDAQ FSTR opened at $42.25 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.34. L.B. Foster has a twelve month low of $21.67 and a twelve month high of $45.81. The business has a 50-day moving average price of $40.70 and a 200-day moving average price of $33.37. The firm has a market cap of $441.94 million, a price-to-earnings ratio of 41.02 and a beta of 1.14.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings results on Monday, May 4th. The basic materials company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.36. L.B. Foster had a return on equity of 6.36% and a net margin of 1.98%.The company had revenue of $121.14 million for the quarter, compared to analysts’ expectations of $104.30 million. As a group, equities research analysts predict that L.B. Foster will post 1.74 EPS for the current fiscal year.

Hedge Funds Weigh In On L.B. Foster

Several institutional investors have recently bought and sold shares of FSTR. Brandes Investment Partners LP increased its holdings in shares of L.B. Foster by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,360,415 shares of the basic materials company’s stock worth $36,663,000 after buying an additional 20,371 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of L.B. Foster by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock valued at $5,207,000 after acquiring an additional 16,320 shares during the last quarter. State Street Corp grew its position in L.B. Foster by 2.4% in the fourth quarter. State Street Corp now owns 145,647 shares of the basic materials company’s stock worth $3,925,000 after acquiring an additional 3,349 shares in the last quarter. Bragg Financial Advisors Inc grew its position in L.B. Foster by 0.4% in the fourth quarter. Bragg Financial Advisors Inc now owns 113,765 shares of the basic materials company’s stock worth $3,066,000 after acquiring an additional 416 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its stake in L.B. Foster by 593.7% during the fourth 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 last quarter. Institutional investors own 80.63% of the company’s stock.

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.