TIAA CREF Investment Management LLC bought a new stake in L.B. Foster Company (NASDAQ:FSTR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,958 shares of the basic materials company’s stock, valued at approximately $471,000. TIAA CREF Investment Management LLC owned about 0.21% of L.B. Foster as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of L.B. Foster by 8.2% during the 1st quarter. JPMorgan Chase & Co. now owns 23,636 shares of the basic materials company’s stock worth $295,000 after purchasing an additional 1,795 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 purchasing an additional 14,556 shares in the last quarter. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 3,700 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of L.B. Foster during the 1st quarter worth approximately $279,000. Finally, US Bancorp DE grew its holdings in shares of L.B. Foster by 10.8% during the 2nd quarter. US Bancorp DE now owns 33,459 shares of the basic materials company’s stock worth $718,000 after purchasing an additional 3,269 shares in the last quarter. 71.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of L.B. Foster Company (FSTR) traded down $0.35 during trading hours on Tuesday, hitting $22.90. The stock had a trading volume of 30,944 shares, compared to its average volume of 58,970. L.B. Foster Company has a one year low of $11.80 and a one year high of $26.30. The company has a current ratio of 2.10, a quick ratio of 1.15 and a debt-to-equity ratio of 0.89.
L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.31 earnings per share for the quarter. L.B. Foster had a negative return on equity of 27.11% and a negative net margin of 7.38%. The company had revenue of $131.49 million for the quarter.
WARNING: This article was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/05/tiaa-cref-investment-management-llc-buys-new-stake-in-l-b-foster-company-fstr.html.
L.B. Foster Profile
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.
Receive News & Ratings for L.B. Foster Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L.B. Foster Company and related companies with MarketBeat.com's FREE daily email newsletter.