12,700 Shares in L.B. Foster Company $FSTR Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new stake in shares of L.B. Foster Company (NASDAQ:FSTR) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 12,700 shares of the basic materials company’s stock, valued at approximately $354,000.

Several other large investors have also recently bought and sold shares of FSTR. Fifth Third Bancorp acquired a new stake in L.B. Foster in the first quarter worth $47,000. Strs Ohio grew its holdings in shares of L.B. Foster by 109.4% in the 1st quarter. Strs Ohio now owns 20,100 shares of the basic materials company’s stock valued at $561,000 after buying an additional 10,500 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of L.B. Foster by 2.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,763 shares of the basic materials company’s stock valued at $635,000 after buying an additional 482 shares during the period. Assenagon Asset Management S.A. increased its position in shares of L.B. Foster by 95.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 28,035 shares of the basic materials company’s stock valued at $782,000 after buying an additional 13,724 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of L.B. Foster by 9.1% in the 4th quarter. Empowered Funds LLC now owns 15,433 shares of the basic materials company’s stock valued at $416,000 after buying an additional 1,284 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings upgraded L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen upgraded L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Zacks Research lowered L.B. Foster from a “strong-buy” rating to a “hold” rating in a research 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, the company currently has an average rating of “Hold” and an average price target of $32.00.

L.B. Foster Stock Down 0.9%

L.B. Foster stock opened at $41.93 on Friday. The stock has a market capitalization of $438.59 million, a PE ratio of 40.71 and a beta of 1.14. L.B. Foster Company has a twelve month low of $21.67 and a twelve month high of $45.81. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $41.66 and a 200-day moving average of $34.10.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data 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 net margin of 1.98% and a return on equity of 6.36%. The business had revenue of $121.14 million for the quarter, compared to analyst estimates of $104.30 million. On average, equities research analysts anticipate that L.B. Foster Company will post 1.74 EPS for the current fiscal year.

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.