According to Zacks, “L. B. Foster Company is engaged in the manufacture, fabrication and distribution of rail and trackwork, piling, highway products and tubular products. For rail markets, Foster provides a full line of new and used rail, trackwork and accessories to railroads, mines and industry. Foster also sells and rents steel sheet piling and H-bearing pile for foundation and earth retention requirements for the construction industry. For tubular markets, foster supplies pipe and pipe coatings for pipelines and produces pipe-related products for special markets. “
Other analysts have also recently issued reports about the company. ValuEngine upgraded L.B. Foster from a sell rating to a hold rating in a research report on Wednesday, May 6th. B. Riley reissued a buy rating and set a $18.00 price target on shares of L.B. Foster in a report on Monday, June 8th.
FSTR stock opened at $14.06 on Wednesday. The stock has a market cap of $150.58 million, a PE ratio of 4.05 and a beta of 1.59. The firm’s 50-day simple moving average is $12.61 and its 200 day simple moving average is $14.12. L.B. Foster has a fifty-two week low of $7.96 and a fifty-two week high of $27.80. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 0.47.
L.B. Foster (NASDAQ:FSTR) last posted its earnings results on Tuesday, May 5th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.52). L.B. Foster had a return on equity of 7.67% and a net margin of 5.84%. The firm had revenue of $128.78 million during the quarter, compared to the consensus estimate of $148.59 million. Equities analysts forecast that L.B. Foster will post 0.26 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FSTR. Citigroup Inc. lifted its holdings in shares of L.B. Foster by 46.2% during the fourth quarter. Citigroup Inc. now owns 2,009 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 635 shares during the period. Goldman Sachs Group Inc. boosted its stake in L.B. Foster by 2.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 30,183 shares of the basic materials company’s stock worth $585,000 after purchasing an additional 751 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of L.B. Foster by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 136,259 shares of the basic materials company’s stock worth $2,640,000 after purchasing an additional 1,182 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of L.B. Foster by 4.5% in the first quarter. Two Sigma Advisers LP now owns 29,882 shares of the basic materials company’s stock valued at $369,000 after buying an additional 1,300 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of L.B. Foster by 11.2% in the fourth quarter. Stifel Financial Corp now owns 17,445 shares of the basic materials company’s stock valued at $337,000 after buying an additional 1,760 shares in the last quarter. Institutional investors own 70.48% of the company’s stock.
About L.B. Foster
L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and other accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for L.B. Foster Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L.B. Foster and related companies with MarketBeat.com's FREE daily email newsletter.