L.B. Foster (NASDAQ:FSTR) Share Price Passes Above 200 Day Moving Average – Time to Sell?
by Kim Johansen · The Markets DailyL.B. Foster Company (NASDAQ:FSTR – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.17 and traded as high as $29.38. L.B. Foster shares last traded at $28.97, with a volume of 14,259 shares changing hands.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Singular Research raised L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. Wall Street Zen raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of L.B. Foster in a research note on Monday, December 29th. Finally, Zacks Research cut shares of L.B. Foster from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, L.B. Foster has a consensus rating of “Hold” and a consensus target price of $25.00.
Read Our Latest Stock Analysis on L.B. Foster
L.B. Foster Price Performance
The company has a 50 day moving average of $27.51 and a 200 day moving average of $26.17. The company has a current ratio of 2.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.33. The firm has a market cap of $301.00 million, a price-to-earnings ratio of 64.38 and a beta of 1.00.
L.B. Foster (NASDAQ:FSTR – Get Free Report) last announced its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.21). L.B. Foster had a return on equity of 2.79% and a net margin of 0.96%.The business had revenue of $138.29 million during the quarter, compared to the consensus estimate of $154.38 million. Equities research analysts predict that L.B. Foster Company will post 1.16 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CEO Brian H. Kelly sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $27.15, for a total value of $271,500.00. Following the completion of the transaction, the chief executive officer owned 79,027 shares in the company, valued at $2,145,583.05. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Aron R. English sold 34,025 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $26.79, for a total transaction of $911,529.75. Following the sale, the insider directly owned 1,204,558 shares of the company’s stock, valued at $32,270,108.82. This represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 132,075 shares of company stock worth $3,561,116. Insiders own 4.70% of the company’s stock.
Hedge Funds Weigh In On L.B. Foster
Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in shares of L.B. Foster in the 2nd quarter valued at about $489,000. Envestnet Asset Management Inc. raised its position in L.B. Foster by 29.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company’s stock valued at $292,000 after buying an additional 3,030 shares during the last quarter. Marion Wealth Management acquired a new stake in L.B. Foster in the 2nd quarter valued at approximately $210,000. First Horizon Advisors Inc. lifted its stake in L.B. Foster by 250.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 963 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in L.B. Foster by 7.4% during the 2nd quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock worth $5,207,000 after acquiring an additional 16,320 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.
L.B. Foster Company Profile
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.