Shares of L.B. Foster (NASDAQ:FSTR - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.41 and traded as high as $28.40. L.B. Foster shares last traded at $28.19, with a volume of 26,335 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on FSTR. B. Riley lifted their price objective on L.B. Foster from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of L.B. Foster from a "buy" rating to a "strong-buy" rating in a report on Friday, November 8th.
Get Our Latest Analysis on FSTR
L.B. Foster Trading Down 2.9 %
The stock has a market capitalization of $290.79 million, a P/E ratio of 6.90 and a beta of 0.96. The company has a current ratio of 2.27, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $27.38 and a 200 day moving average price of $23.56.
Hedge Funds Weigh In On L.B. Foster
A number of large investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. acquired a new position in shares of L.B. Foster during the fourth quarter worth $1,784,000. De Lisle Partners LLP increased its position in L.B. Foster by 11.9% during the 3rd quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company's stock valued at $961,000 after buying an additional 5,000 shares in the last quarter. Lazard Asset Management LLC acquired a new position in L.B. Foster during the 4th quarter valued at about $349,000. BNP Paribas Financial Markets increased its holdings in shares of L.B. Foster by 197.2% during the fourth quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company's stock valued at $171,000 after acquiring an additional 4,225 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of 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 acquiring an additional 3,003 shares in the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.
L.B. Foster Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider L.B. Foster, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and L.B. Foster wasn't on the list.
While L.B. Foster currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
