Systematic Financial Management LP increased its position in shares of L.B. Foster (NASDAQ:FSTR – Get Rating) by 98.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 71,148 shares of the basic materials company's stock after purchasing an additional 35,360 shares during the quarter. Systematic Financial Management LP's holdings in L.B. Foster were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings 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 during the last quarter. Castleview Partners LLC acquired a new position in L.B. Foster in the 4th quarter valued at $24,663,000. Finally, Rutabaga Capital Management LLC MA raised its holdings in L.B. Foster by 59.5% in the 1st quarter. Rutabaga Capital Management LLC MA now owns 389,863 shares of the basic materials company's stock valued at $5,992,000 after acquiring an additional 145,446 shares in the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.
Get L.B. Foster alerts:Analysts Set New Price Targets
Several equities analysts have recently issued reports on FSTR shares. StockNews.com started coverage on L.B. Foster in a research note on Tuesday. They issued a "hold" rating on the stock. B. Riley boosted their price objective on L.B. Foster from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 17th.
L.B. Foster Trading Down 0.3 %
NASDAQ FSTR opened at $14.48 on Wednesday. The stock's 50-day simple moving average is $13.91 and its two-hundred day simple moving average is $14.22. L.B. Foster has a twelve month low of $12.04 and a twelve month high of $17.86. The company has a quick ratio of 1.34, a current ratio of 2.10 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $158.27 million, a price-to-earnings ratio of 65.82 and a beta of 0.94.L.B. Foster Company Profile
(Get Rating)
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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