De Lisle Partners LLP Purchases New Holdings in L.B. Foster Company $FSTR

De Lisle Partners LLP acquired a new position in L.B. Foster Company (NASDAQ:FSTR) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 30,495 shares of the basic materials company’s stock, valued at approximately $1,378,000.

Several other institutional investors have also added to or reduced their stakes in the company. Comerica Bank boosted its position in shares of L.B. Foster by 356.7% during the third 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 purchased a new stake in shares of L.B. Foster in the first quarter worth approximately $47,000. Tower Research Capital LLC TRC lifted its stake in shares of L.B. Foster by 189.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 1,395 shares during the last quarter. State of Wyoming bought a new stake in shares of L.B. Foster during the 2nd quarter worth approximately $122,000. Finally, BNP Paribas Financial Markets boosted its holdings in L.B. Foster by 469.1% during the 3rd 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 own 80.63% of the company’s stock.

L.B. Foster Trading Up 0.3%

Shares of NASDAQ FSTR opened at $38.08 on Friday. L.B. Foster Company has a twelve month low of $22.60 and a twelve month high of $45.81. The firm has a market cap of $400.60 million, a PE ratio of 36.27, a price-to-earnings-growth ratio of 0.58 and a beta of 1.15. The business has a fifty day simple moving average of $41.67 and a two-hundred day simple moving average of $36.18. The company has a quick ratio of 1.15, a current ratio of 2.00 and a debt-to-equity ratio of 0.27.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings results on Monday, August 10th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). The firm had revenue of $138.55 million for the quarter, compared to the consensus estimate of $134.49 million. L.B. Foster had a return on equity of 7.61% and a net margin of 2.04%. Analysts expect that L.B. Foster Company will post 1.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Zacks Research downgraded L.B. Foster from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of L.B. Foster in a research note on Friday, August 7th. Finally, Wall Street Zen cut shares of L.B. Foster from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, L.B. Foster presently has an average rating of “Hold” and a consensus target price 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.