L.B. Foster (NASDAQ:FSTR) CFO Acquires $41,975.00 in Stock

L.B. Foster (NASDAQ:FSTR) CFO William M. Thalman purchased 2,500 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $16.79 per share, with a total value of $41,975.00. Following the completion of the transaction, the chief financial officer now owns 58,806 shares of the company’s stock, valued at $987,352.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

L.B. Foster Stock Performance

Shares of L.B. Foster stock traded down $0.40 on Monday, hitting $17.83. 43,328 shares of the company’s stock were exchanged, compared to its average volume of 61,094. 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 has a 1 year low of $14.23 and a 1 year high of $30.77. The company has a 50-day simple moving average of $22.60 and a 200-day simple moving average of $24.30. The stock 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 announced 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 company had revenue of $140.80 million during the quarter, compared to the consensus estimate of $137.36 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. As a group, equities analysts anticipate that L.B. Foster will post 1.4 EPS for the current year.

Hedge Funds Weigh In On L.B. Foster

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

Wall Street Analysts Forecast Growth

FSTR has been the subject of a number of research reports. StockNews.com raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. B. Riley raised their price target on shares of L.B. Foster from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, May 10th.

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.