L.B. Foster (NASDAQ:FSTR) Upgraded by B. Riley to "Hold" Rating

B. Riley upgraded shares of L.B. Foster (NASDAQ:FSTR - Free Report) to a hold rating in a research note published on Wednesday,Zacks.com reports. B. Riley also issued estimates for L.B. Foster's Q3 2025 earnings at $0.63 EPS.

Separately, StockNews.com lowered L.B. Foster from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 6th.

L.B. Foster Stock Up 1.9 %

Shares of FSTR stock traded up $0.38 on Wednesday, hitting $20.06. The stock had a trading volume of 11,354 shares, compared to its average volume of 41,043. The stock's 50 day moving average is $24.82 and its 200-day moving average is $24.24. The firm has a market capitalization of $215.71 million, a price-to-earnings ratio of 5.16 and a beta of 0.97. L.B. Foster has a 52-week low of $14.23 and a 52-week high of $30.77. 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 declared that its Board of Directors has initiated a stock buyback program on Tuesday, March 4th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the basic materials company to purchase up to 16.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

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Hedge Funds Weigh In On L.B. Foster

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Management LLC boosted its stake in L.B. Foster by 129.1% during the 3rd 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 period. De Lisle Partners LLP raised its holdings in shares of 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 valued at $961,000 after buying an additional 5,000 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of L.B. Foster during the fourth quarter worth approximately $1,784,000. BNP Paribas Financial Markets grew its holdings in 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 worth $171,000 after buying an additional 4,225 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in L.B. Foster in the 4th quarter valued at approximately $349,000. 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.