StockNews.com equity researchers have launched coverage on the shares of LB Foster (NASDAQ:FSTR – Get a Rating) in a research report delivered Saturday to clients and investors. The company has set a “conservation” rating on shares of the basic materials company.
Separately, B. Riley raised his price target on LB Foster from $14.00 to $15.00 and gave the company a “neutral” rating in a Wednesday, August 17 research report.
LB Foster trades up 1.1%
FSTR shares 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. LB Foster has a 1-year low of $9.67 and a 1-year high of $17.48. The company has a 50-day moving average of $13.40 and a 200-day moving average of $13.71. The company has a debt ratio of 0.27, a current ratio of 2.10 and a quick ratio of 1.34.
Insider Buying and Selling at LB Foster
In other LB Foster news, CFO William M. Thalman purchased 3,000 shares in a trade on Monday, September 12. The shares were acquired at an average price of $12.36 per share, with a total value of $37,080.00. As a result of the transaction, the CFO now directly owns 27,723 shares of the company, valued at approximately $342,656.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. 8.60% of the shares are currently held by company insiders.
Institutional entries and exits
Several institutional investors have recently changed their positions in the company. Rutabaga Capital Management LLC MA increased its position in LB Foster shares by 2.3% in the second quarter. Rutabaga Capital Management LLC MA now owns 398,813 shares of the basic materials company worth $5,133,000 after acquiring 8,950 additional shares in the last quarter. Castleview Partners LLC purchased a new equity position from LB Foster in Q4 for a value of approximately $24,663,000. Systematic Financial Management LP raised its position in LB Foster shares by 98.8% in the first quarter. Systematic Financial Management LP now owns 71,148 shares of the basic materials company worth $1,094,000 after acquiring 35,360 additional shares last quarter. Finally, Russell Investments Group Ltd. increased its position in LB Foster by 72.7% during the 1st quarter. Russell Investments Group Ltd. now owns 52,434 shares of the basic materials company valued at $805,000 after purchasing an additional 22,076 shares last quarter. Institutional investors hold 69.29% of the company’s shares.
LB Foster Company Profile
(Get a rating)
LB Foster Company provides products and services designed and manufactured for construction and infrastructure projects worldwide. The Company’s Rail, Technologies and Services segment provides new rails to short-haul passenger and freight railways, industrial companies and rail contractors; used rails; railway accessories, including track spikes and anchors, bolts, angles, rail saddles and other products; power rail, direct fasteners, cover panels and special accessories; and track products, as well as designs and manufactures insulated rail joints and related accessories.
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