L.B. Foster (NASDAQ:FSTR) Stock Rating Upgraded by Singular Research

L.B. Foster (NASDAQ:FSTR) was upgraded by equities researchers at Singular Research to a “strong-buy” rating in a research report issued on Monday, Zacks.com reports. Singular Research also issued estimates for L.B. Foster’s Q3 2024 earnings at $0.46 EPS, Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $1.23 EPS, Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.47 EPS and FY2025 earnings at $1.73 EPS.

FSTR has been the subject of several other research reports. StockNews.com downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. B. Riley lifted their target price on L.B. Foster from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, May 10th.

L.B. Foster Trading Up 3.5 %

NASDAQ FSTR opened at $18.98 on Monday. The company has a market cap of $208.10 million, a price-to-earnings ratio of 26.00 and a beta of 0.86. L.B. Foster has a twelve month low of $14.23 and a twelve month high of $30.77. The company has a quick ratio of 1.15, a current ratio of 2.17 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average is $22.28 and its 200 day moving average is $24.24.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). L.B. Foster had a net margin of 1.46% and a return on equity of 3.19%. The firm had revenue of $140.80 million for the quarter, compared to analyst estimates of $137.36 million. During the same period in the previous year, the business posted $0.32 earnings per share. As a group, sell-side analysts expect that L.B. Foster will post 1.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Raymond T. Betler bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $17.62 per share, with a total value of $88,100.00. Following the completion of the purchase, the director now directly owns 30,893 shares of the company’s stock, valued at $544,334.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other L.B. Foster news, CFO William M. Thalman purchased 2,500 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $16.79 per share, with a total value of $41,975.00. Following the completion of the purchase, the chief financial officer now owns 58,806 shares in the company, valued at $987,352.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Raymond T. Betler purchased 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $17.62 per share, for a total transaction of $88,100.00. Following the completion of the acquisition, the director now directly owns 30,893 shares in the company, valued at approximately $544,334.66. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 8,620 shares of company stock worth $149,231. 6.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in L.B. Foster stock. Lazard Asset Management LLC raised its position in L.B. Foster (NASDAQ:FSTR) by 760.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,789 shares of the basic materials company’s stock after acquiring an additional 1,581 shares during the period. Lazard Asset Management LLC’s holdings in L.B. Foster were worth $48,000 as of its most recent filing with the SEC. Institutional investors own 80.63% of the company’s stock.

About L.B. Foster

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.