L.B. Foster (NASDAQ:FSTR) Upgraded to "Strong-Buy" at StockNews.com

L.B. Foster (NASDAQ:FSTR - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Friday.

A number of other brokerages have also issued reports on FSTR. Singular Research raised L.B. Foster to a "strong-buy" rating in a research note on Monday, August 12th. B. Riley lowered their price target on L.B. Foster from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 14th.

L.B. Foster Price Performance

Shares of L.B. Foster stock traded up $1.30 on Friday, reaching $21.72. The company's stock had a trading volume of 48,851 shares, compared to its average volume of 56,799. The company has a market capitalization of $237.83 million, a P/E ratio of 32.42 and a beta of 0.83. L.B. Foster has a 52-week low of $14.23 and a 52-week high of $30.77. The stock has a 50-day moving average price of $19.72 and a 200-day moving average price of $22.08. The company has a quick ratio of 1.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.59.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last issued 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). The firm had revenue of $140.80 million during the quarter, compared to analyst estimates of $137.36 million. L.B. Foster had a return on equity of 2.69% and a net margin of 1.35%. During the same period in the prior year, the firm earned $0.32 earnings per share. Analysts expect that L.B. Foster will post 1.2 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 boosted its stake in shares of L.B. Foster (NASDAQ:FSTR - Free Report) by 760.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent quarter. 80.63% of the stock is owned by institutional investors.

L.B. Foster Company Profile

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.

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