Gamco Investors INC. ET AL Lowers Holdings in L.B. Foster Company $FSTR

Gamco Investors INC. ET AL lowered its stake in shares of L.B. Foster Company (NASDAQ:FSTR) by 1.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 901,439 shares of the basic materials company’s stock after selling 16,661 shares during the period. Gamco Investors INC. ET AL owned about 0.09% of L.B. Foster worth $25,150,000 at the end of the most recent quarter.

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

L.B. Foster Stock Down 0.7%

FSTR stock opened at $42.40 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average of $41.87 and a two-hundred day moving average of $34.63. L.B. Foster Company has a 12 month low of $21.67 and a 12 month high of $45.81. The company has a market cap of $443.46 million, a price-to-earnings ratio of 41.17, a PEG ratio of 0.68 and a beta of 1.14.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on FSTR shares. Weiss Ratings upgraded shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wall Street Zen upgraded L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Zacks Research lowered 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. According to data from MarketBeat.com, L.B. Foster presently has an average rating of “Hold” and a consensus price target of $32.00.

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.