L.B. Foster (NASDAQ:FSTR) Raised to Hold at B. Riley

L.B. Foster (NASDAQ:FSTR) was upgraded by equities researchers at B. Riley to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports. B. Riley also issued estimates for L.B. Foster’s Q3 2025 earnings at $0.63 EPS.

Separately, StockNews.com downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 6th.

L.B. Foster Trading Down 1.2 %

NASDAQ:FSTR opened at $20.58 on Wednesday. The stock has a fifty day simple moving average of $25.14 and a 200 day simple moving average of $24.16. The company has a quick ratio of 1.30, a current ratio of 2.27 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $221.30 million, a price-to-earnings ratio of 5.29 and a beta of 0.97. L.B. Foster has a 1-year low of $14.23 and a 1-year high of $30.77.

L.B. Foster declared that its Board of Directors has authorized a share repurchase plan on Tuesday, March 4th that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the basic materials company to reacquire up to 16.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of L.B. Foster

A number of hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in L.B. Foster in the 4th quarter valued at approximately $349,000. BNP Paribas Financial Markets increased its stake in shares of L.B. Foster by 197.2% in the fourth quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company’s stock worth $171,000 after acquiring an additional 4,225 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of L.B. Foster during the fourth quarter worth $1,784,000. De Lisle Partners LLP boosted its position in L.B. Foster by 11.9% during the third quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company’s stock valued at $961,000 after purchasing an additional 5,000 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in L.B. Foster by 129.1% during the third quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 3,003 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

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.