Investment analysts at StockNews.com started coverage on shares of L.B. Foster (NASDAQ:FSTR – Get Rating) in a report issued on Tuesday. The firm set a "hold" rating on the basic materials company's stock.
Separately, B. Riley upped their price objective on shares of L.B. Foster from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Wednesday, August 17th.
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L.B. Foster Trading Up 0.8 %
Shares of NASDAQ:FSTR opened at $14.52 on Tuesday. The stock has a market capitalization of $158.69 million, a PE ratio of 66.00 and a beta of 0.94. L.B. Foster has a 1 year low of $12.04 and a 1 year high of $17.86. The firm has a fifty day moving average price of $13.87 and a 200 day moving average price of $14.22. The company has a current ratio of 2.10, a quick ratio of 1.34 and a debt-to-equity ratio of 0.27.
Hedge Funds Weigh In On L.B. Foster
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Castleview Partners LLC acquired a new stake in shares of L.B. Foster during the fourth quarter worth $24,663,000. Rutabaga Capital Management LLC MA boosted its holdings in shares of L.B. Foster by 59.5% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 389,863 shares of the basic materials company's stock worth $5,992,000 after buying an additional 145,446 shares during the period. Systematic Financial Management LP boosted its holdings in shares of L.B. Foster by 98.8% during the 1st quarter. Systematic Financial Management LP now owns 71,148 shares of the basic materials company's stock worth $1,094,000 after buying an additional 35,360 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of L.B. Foster by 72.7% during the 1st quarter. Russell Investments Group Ltd. now owns 52,434 shares of the basic materials company's stock worth $805,000 after buying an additional 22,076 shares during the period. 76.61% of the stock is owned by institutional investors.
L.B. Foster Company Profile
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L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects worldwide. The company's Rail, Technologies, 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 and anchors, bolts, angle bars, tie plates, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and manufactures insulated rail joints and related accessories.
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