L.B. Foster (NASDAQ:FSTR) Lifted to “Strong-Buy” at Singular Research

Singular Research upgraded shares of L.B. Foster (NASDAQ:FSTR) to a strong-buy rating in a research report report published on Monday morning, Zacks.com reports. Singular Research also issued estimates for L.B. Foster’s Q3 2024 earnings at $0.46 EPS, Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $1.23 EPS, Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.47 EPS and FY2025 earnings at $1.73 EPS.

Other research analysts have also issued research reports about the company. StockNews.com lowered L.B. Foster from a strong-buy rating to a buy rating in a research report on Wednesday. B. Riley raised their price objective on L.B. Foster from $23.00 to $27.00 and gave the company a neutral rating in a research report on Friday, May 10th.

L.B. Foster Stock Up 3.7 %

Shares of NASDAQ:FSTR opened at $18.58 on Monday. L.B. Foster has a 52-week low of $14.23 and a 52-week high of $30.77. The firm has a market capitalization of $203.71 million, a P/E ratio of 25.45 and a beta of 0.86. The stock has a 50 day moving average price of $22.11 and a 200-day moving average price of $24.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.15 and a current ratio of 2.17.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). L.B. Foster had a net margin of 1.46% and a return on equity of 3.19%. The company had revenue of $140.80 million for the quarter, compared to the consensus estimate of $137.36 million. During the same period last year, the business earned $0.32 EPS. As a group, equities research analysts anticipate that L.B. Foster will post 1.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other L.B. Foster news, Director Raymond T. Betler bought 5,000 shares of L.B. Foster stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $17.62 per share, with a total value of $88,100.00. Following the acquisition, the director now owns 30,893 shares in the company, valued at $544,334.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Raymond T. Betler purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $17.62 per share, for a total transaction of $88,100.00. Following the purchase, the director now directly owns 30,893 shares in the company, valued at approximately $544,334.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William M. Thalman purchased 2,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $16.79 per share, for a total transaction of $41,975.00. Following the completion of the purchase, the chief financial officer now owns 58,806 shares in the company, valued at $987,352.74. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,620 shares of company stock valued at $149,231. Corporate insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. Lazard Asset Management LLC boosted its stake in shares of L.B. Foster (NASDAQ:FSTR) by 760.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,789 shares of the basic materials company’s stock after purchasing an additional 1,581 shares during the period. Lazard Asset Management LLC’s holdings in L.B. Foster were worth $48,000 at the end of the most recent quarter. 80.63% of the stock is currently owned by institutional investors.

About L.B. Foster

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.