Equities researchers at StockNews.com initiated coverage on shares of L.B. Foster (NASDAQ:FSTR – Get Rating) in a research report issued to clients and investors on Saturday. The firm set a "hold" rating on the basic materials company's stock.
Separately, B. Riley upped their price target on L.B. Foster from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Wednesday, August 17th.
Get L.B. Foster alerts:L.B. Foster Trading Up 1.1 %
Shares of FSTR stock opened at $9.96 on Friday. The stock has a market capitalization of $108.85 million, a PE ratio of 45.27 and a beta of 0.96. L.B. Foster has a 1-year low of $9.67 and a 1-year high of $17.48. The business has a 50-day moving average of $13.40 and a 200 day moving average of $13.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.10 and a quick ratio of 1.34.
Insider Buying and Selling at L.B. Foster
In other L.B. Foster news, CFO William M. Thalman purchased 3,000 shares of the stock in a transaction on Monday, September 12th. The stock was acquired at an average price 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 approximately $342,656.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by corporate insiders.Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Rutabaga Capital Management LLC MA raised its position in shares of L.B. Foster by 2.3% in 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 acquiring an additional 8,950 shares in the last quarter. Castleview Partners LLC bought a new position in shares of L.B. Foster in the 4th quarter worth approximately $24,663,000. Systematic Financial Management LP raised its position in shares of L.B. Foster by 98.8% in the 1st quarter. Systematic Financial Management LP now owns 71,148 shares of the basic materials company's stock worth $1,094,000 after acquiring an additional 35,360 shares in the last quarter. Finally, 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 valued at $805,000 after buying an additional 22,076 shares in the last quarter. Institutional investors own 69.29% of the company's stock.
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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