L.B. Foster (NASDAQ:FSTR – Get Rating) CFO William M. Thalman bought 3,000 shares of the firm's stock in a transaction that occurred on Monday, September 12th. The shares were purchased at an average cost of $12.36 per share, with a total value of $37,080.00. Following the transaction, the chief financial officer now directly owns 27,723 shares of the company's stock, valued at $342,656.28. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
L.B. Foster Stock Performance
Shares of L.B. Foster stock opened at $11.55 on Thursday. The company has a 50 day moving average price of $13.81 and a 200 day moving average price of $13.94. The firm has a market capitalization of $126.23 million, a P/E ratio of 52.50 and a beta of 0.96. The company has a quick ratio of 1.34, a current ratio of 2.10 and a debt-to-equity ratio of 0.27. L.B. Foster has a 52 week low of $11.29 and a 52 week high of $17.48.
Get L.B. Foster alerts:Analyst Ratings Changes
Several analysts have recently commented on FSTR shares. B. Riley increased their price objective on L.B. Foster from $14.00 to $15.00 and gave the company a "neutral" rating in a report on Wednesday, August 17th. StockNews.com started coverage on L.B. Foster in a research report on Thursday, September 8th. They set a "hold" rating on the stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of FSTR. Systematic Financial Management LP grew its holdings in shares of L.B. Foster by 8.6% during the fourth quarter. Systematic Financial Management LP now owns 35,788 shares of the basic materials company's stock valued at $492,000 after buying an additional 2,835 shares during the last quarter. Russell Investments Group Ltd. lifted 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 acquiring an additional 22,076 shares during the period. Castleview Partners LLC purchased a new stake in L.B. Foster during the 4th quarter valued at about $24,663,000. Finally, Rutabaga Capital Management LLC MA grew its stake in 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 valued at $5,992,000 after purchasing an additional 145,446 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.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.
Recommended Stories
- Get a free copy of the StockNews.com research report on L.B. Foster (FSTR)
- Is This Medical Gear Maker Ready To Continue Its Rally?
- The Five (5) Hottest Stocks To Watch Ahead Of Q3 Earnings
- Has Take-Two Interactive Devolved into a One-Trick Pony?
- Four Cheap Stocks With Interesting Insider Activity
- Can Health Drink Maker Celsius Outrun Its Monster Rival?
Receive News & Ratings for L.B. Foster Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L.B. Foster and related companies with MarketBeat.com's FREE daily email newsletter.