L.B. Foster (NASDAQ:FSTR) Coverage Initiated by Analysts at B. Riley

B. Riley started coverage on shares of L.B. Foster (NASDAQ:FSTR - Free Report) in a report released on Thursday. The firm issued a neutral rating and a $25.00 price objective on the basic materials company's stock. B. Riley also issued estimates for L.B. Foster's Q3 2025 earnings at $0.63 EPS.

Separately, StockNews.com cut shares of L.B. Foster from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 6th.

L.B. Foster Stock Up 0.0 %

NASDAQ FSTR traded up $0.00 on Thursday, reaching $20.08. The company had a trading volume of 22,697 shares, compared to its average volume of 54,966. The company's fifty day moving average is $24.98 and its 200-day moving average is $24.24. The firm has a market capitalization of $215.93 million, a price-to-earnings ratio of 5.12 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.27. L.B. Foster has a 1-year low of $14.23 and a 1-year high of $30.77.

L.B. Foster declared that its board has approved a share buyback program on Tuesday, March 4th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the basic materials company to repurchase up to 16.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

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Institutional Trading of L.B. Foster

Hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Management LLC boosted its position in L.B. Foster by 129.1% during the third quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company's stock valued at $109,000 after purchasing an additional 3,003 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of L.B. Foster by 197.2% in the 4th quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company's stock valued at $171,000 after buying an additional 4,225 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of L.B. Foster in the fourth quarter valued at $349,000. De Lisle Partners LLP increased its holdings in L.B. Foster by 11.9% during the third quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company's stock worth $961,000 after buying an additional 5,000 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in L.B. Foster during the fourth quarter worth $1,784,000. Institutional investors and hedge funds own 80.63% of the company's stock.

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.