L.B. Foster (NASDAQ:FSTR – Get Rating) CFO William M. Thalman acquired 3,000 shares of the company's stock in a transaction dated Monday, September 12th. The shares were bought at an average cost of $12.36 per share, with a total value of $37,080.00. Following the purchase, the chief financial officer now owns 27,723 shares in the company, valued at $342,656.28. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
L.B. Foster Trading Up 1.2 %
NASDAQ FSTR opened at $11.69 on Friday. The company has a 50-day moving average of $13.79 and a 200-day moving average of $13.91. The company has a market cap of $127.76 million, a P/E ratio of 53.14 and a beta of 0.96. L.B. Foster has a 12 month low of $11.29 and a 12 month high of $17.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.10 and a quick ratio of 1.34.
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Analysts Set New Price Targets
A number of research analysts have recently commented on FSTR shares. StockNews.com started coverage on shares of L.B. Foster in a research note on Friday. They set a "hold" rating for the company. 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 note on Wednesday, August 17th.
Institutional Trading of L.B. Foster
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rutabaga Capital Management LLC MA increased its position in L.B. Foster by 2.3% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 398,813 shares of the basic materials company's stock worth $5,133,000 after purchasing an additional 8,950 shares in the last quarter. Systematic Financial Management LP increased its position in 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 purchasing an additional 35,360 shares in the last quarter. Russell Investments Group Ltd. increased its position in 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 purchasing an additional 22,076 shares in the last quarter. Finally, Castleview Partners LLC acquired a new stake in L.B. Foster during the 4th quarter worth approximately $24,663,000. Institutional investors and hedge funds own 69.29% of the company's stock.
About L.B. Foster
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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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