L.B. Foster (FSTR) Upgraded at BidaskClub

BidaskClub upgraded shares of L.B. Foster (NASDAQ:FSTR) from a hold rating to a buy rating in a research note published on Saturday morning.

Separately, ValuEngine raised L.B. Foster from a sell rating to a hold rating in a research report on Friday, February 2nd.

L.B. Foster (FSTR) opened at $25.55 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.10 and a quick ratio of 1.15. L.B. Foster has a 1 year low of $11.80 and a 1 year high of $28.00. The firm has a market capitalization of $266.79, a price-to-earnings ratio of -7.10 and a beta of 2.30.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of L.B. Foster by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 531,038 shares of the basic materials company’s stock valued at $11,391,000 after buying an additional 29,069 shares during the last quarter. BlackRock Inc. lifted its position in shares of L.B. Foster by 2.6% during the 4th quarter. BlackRock Inc. now owns 517,811 shares of the basic materials company’s stock valued at $14,058,000 after buying an additional 12,969 shares during the last quarter. Northern Trust Corp lifted its position in shares of L.B. Foster by 219.5% during the 2nd quarter. Northern Trust Corp now owns 109,137 shares of the basic materials company’s stock valued at $2,341,000 after buying an additional 74,981 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of L.B. Foster by 110.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,406 shares of the basic materials company’s stock valued at $2,590,000 after buying an additional 50,177 shares during the last quarter. Finally, State Street Corp lifted its position in shares of L.B. Foster by 452.5% during the 2nd quarter. State Street Corp now owns 92,197 shares of the basic materials company’s stock valued at $1,978,000 after buying an additional 75,509 shares during the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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