Insider Buying: L.B. Foster (NASDAQ:FSTR) Insider Purchases 620 Shares of Stock

L.B. Foster (NASDAQ:FSTR) insider Sean M. Reilly bought 620 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $16.47 per share, for a total transaction of $10,211.40. Following the completion of the acquisition, the insider now directly owns 24,163 shares in the company, valued at $397,964.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

L.B. Foster Trading Down 2.2 %

Shares of L.B. Foster stock traded down $0.40 during trading on Monday, hitting $17.83. The stock had a trading volume of 43,328 shares, compared to its average volume of 61,094. L.B. Foster has a 1 year low of $14.23 and a 1 year high of $30.77. The stock has a 50 day simple moving average of $22.60 and a 200 day simple moving average of $24.30. The company has a quick ratio of 1.15, a current ratio of 2.17 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $195.49 million, a PE ratio of 24.42 and a beta of 0.86.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.26 earnings per share (EPS) 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 firm had revenue of $140.80 million for the quarter, compared to analyst estimates of $137.36 million. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, research analysts expect that L.B. Foster will post 1.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on FSTR shares. StockNews.com upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. B. Riley boosted their target price on shares of L.B. Foster from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, May 10th.

Institutional Investors Weigh In On L.B. Foster

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

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.