Shares of L.B. Foster Co (NASDAQ:FSTR) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price objective of $30.00 for the company and are predicting that the company will post $0.51 earnings per share for the current quarter, according to Zacks. Zacks has also assigned L.B. Foster an industry rank of 206 out of 256 based on the ratings given to related companies.
A number of brokerages have issued reports on FSTR. BidaskClub lowered shares of L.B. Foster from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. ValuEngine raised shares of L.B. Foster from a “hold” rating to a “buy” rating in a report on Friday, June 28th. B. Riley set a $30.00 price objective on shares of L.B. Foster and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Zacks Investment Research raised shares of L.B. Foster from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, May 7th.
Hedge funds have recently bought and sold shares of the stock. Northern Trust Corp grew its holdings in shares of L.B. Foster by 0.8% in the fourth quarter. Northern Trust Corp now owns 122,962 shares of the basic materials company’s stock valued at $1,955,000 after purchasing an additional 1,025 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of L.B. Foster by 31.0% in the fourth quarter. Segall Bryant & Hamill LLC now owns 30,208 shares of the basic materials company’s stock valued at $480,000 after purchasing an additional 7,156 shares in the last quarter. Rutabaga Capital Management LLC MA purchased a new position in shares of L.B. Foster in the first quarter valued at $1,391,000. Morgan Stanley grew its holdings in shares of L.B. Foster by 5.8% in the third quarter. Morgan Stanley now owns 77,909 shares of the basic materials company’s stock valued at $1,601,000 after purchasing an additional 4,246 shares in the last quarter. Finally, Bragg Financial Advisors Inc grew its holdings in shares of L.B. Foster by 10.4% in the first quarter. Bragg Financial Advisors Inc now owns 97,710 shares of the basic materials company’s stock valued at $1,839,000 after purchasing an additional 9,203 shares in the last quarter. 68.35% of the stock is owned by hedge funds and other institutional investors.
NASDAQ FSTR traded down $0.45 on Wednesday, reaching $26.32. 5,681 shares of the stock were exchanged, compared to its average volume of 47,318. L.B. Foster has a one year low of $13.91 and a one year high of $27.74. The firm has a market cap of $279.45 million, a price-to-earnings ratio of 22.87 and a beta of 1.83. The firm’s 50-day moving average price is $24.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.88 and a quick ratio of 0.85.
L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.22. L.B. Foster had a negative net margin of 4.21% and a positive return on equity of 11.45%. The business had revenue of $150.47 million during the quarter, compared to analyst estimates of $132.25 million. As a group, research analysts predict that L.B. Foster will post 1.94 earnings per share for the current year.
About L.B. Foster
L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and other accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.
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