Aron English Sells 11,248 Shares of L.B. Foster (NASDAQ:FSTR) Stock

by · The Markets Daily

L.B. Foster Company (NASDAQ:FSTR – Get Free Report) major shareholder Aron English sold 11,248 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $26.83, for a total transaction of $301,783.84. Following the transaction, the insider owned 1,238,583 shares in the company, valued at $33,231,181.89. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

L.B. Foster Trading Up 2.2%

NASDAQ:FSTR traded up $0.59 during mid-day trading on Wednesday, hitting $26.87. 51,353 shares of the stock traded hands, compared to its average volume of 22,194. The company has a quick ratio of 1.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $279.18 million, a price-to-earnings ratio of 59.71 and a beta of 1.00. L.B. Foster Company has a 52 week low of $17.16 and a 52 week high of $29.77. The firm’s 50 day moving average is $26.71 and its two-hundred day moving average is $24.56.

L.B. Foster (NASDAQ:FSTR – Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.21). The business had revenue of $138.29 million during the quarter, compared to analysts’ expectations of $154.38 million. L.B. Foster had a return on equity of 2.79% and a net margin of 0.96%. On average, equities research analysts predict that L.B. Foster Company will post 1.16 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. First Horizon Advisors Inc. lifted its position in L.B. Foster by 250.1% during the second 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 during the last quarter. Comerica Bank lifted its holdings in shares of L.B. Foster by 356.7% during the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,145 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 valued at $47,000 after purchasing an additional 1,395 shares during the last quarter. State of Wyoming acquired a new stake in shares of L.B. Foster in the 2nd quarter worth $122,000. Finally, BNP Paribas Financial Markets raised its stake in L.B. Foster by 469.1% in the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock valued at $155,000 after buying an additional 4,752 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FSTR. Weiss Ratings reiterated a “hold (c)” rating on shares of L.B. Foster in a report on Monday. Wall Street Zen upgraded L.B. Foster from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Zacks Research upgraded L.B. Foster from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Singular Research raised shares of L.B. Foster to a “moderate buy” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, L.B. Foster currently has a consensus rating of “Hold” and a consensus price target of $25.00.

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L.B. Foster Company Profile

(Get Free Report)

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.

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