JPMorgan Chase & Co. Raises Position in L.B. Foster Company (NASDAQ:FSTR)

JPMorgan Chase & Co. boosted its position in L.B. Foster Company (NASDAQ:FSTR) by 133.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,084 shares of the basic materials company’s stock after purchasing an additional 31,448 shares during the quarter. JPMorgan Chase & Co. owned about 0.53% of L.B. Foster worth $1,182,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FSTR. Dimensional Fund Advisors LP raised its position in shares of L.B. Foster by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 501,969 shares of the basic materials company’s stock worth $6,275,000 after buying an additional 14,556 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of L.B. Foster by 24.5% during the 1st quarter. Ameriprise Financial Inc. now owns 449,866 shares of the basic materials company’s stock worth $5,521,000 after buying an additional 88,661 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of L.B. Foster by 2.5% during the 1st quarter. Renaissance Technologies LLC now owns 149,200 shares of the basic materials company’s stock worth $1,865,000 after buying an additional 3,700 shares in the last quarter. Bragg Financial Advisors Inc raised its position in shares of L.B. Foster by 22.2% during the 1st quarter. Bragg Financial Advisors Inc now owns 73,208 shares of the basic materials company’s stock worth $915,000 after buying an additional 13,288 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of L.B. Foster by 94.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,655 shares of the basic materials company’s stock worth $872,000 after buying an additional 19,717 shares in the last quarter. Hedge funds and other institutional investors own 71.23% of the company’s stock.

Shares of L.B. Foster Company (NASDAQ:FSTR) opened at 25.60 on Friday. The company’s market capitalization is $264.76 million. L.B. Foster Company has a 52-week low of $9.25 and a 52-week high of $26.30. The firm’s 50 day moving average is $22.74 and its 200-day moving average is $19.32.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.32. The business had revenue of $144.86 million for the quarter. L.B. Foster had a negative net margin of 9.83% and a negative return on equity of 27.82%. Equities research analysts anticipate that L.B. Foster Company will post ($0.81) earnings per share for the current fiscal year.

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About L.B. Foster

L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.

Institutional Ownership by Quarter for L.B. Foster (NASDAQ:FSTR)

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