L.B. Foster (NASDAQ:FSTR - Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 260,300 shares, a growth of 10.5% from the September 15th total of 235,500 shares. Based on an average trading volume of 54,100 shares, the days-to-cover ratio is presently 4.8 days. Approximately 2.6% of the shares of the stock are short sold.
Insider Transactions at L.B. Foster
In other L.B. Foster news, CFO William M. Thalman acquired 2,500 shares of the business's stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $16.79 per share, for a total transaction of $41,975.00. Following the transaction, the chief financial officer now owns 58,806 shares in the company, valued at $987,352.74. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO William M. Thalman acquired 2,500 shares of the firm's stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $16.79 per share, with a total value of $41,975.00. Following the acquisition, the chief financial officer now directly owns 58,806 shares in the company, valued at $987,352.74. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Raymond T. Betler acquired 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $17.62 per share, with a total value of $88,100.00. Following the transaction, the director now directly owns 30,893 shares in the company, valued at approximately $544,334.66. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 8,620 shares of company stock valued at $149,231 in the last three months. 6.20% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
An institutional investor recently raised its position in L.B. Foster stock. Lazard Asset Management LLC grew its position in L.B. Foster (NASDAQ:FSTR - Free Report) by 760.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on FSTR shares. StockNews.com downgraded L.B. Foster from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 14th. B. Riley dropped their price objective on L.B. Foster from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, August 14th. Finally, Singular Research raised shares of L.B. Foster to a "strong-buy" rating in a research note on Monday, August 12th.
Get Our Latest Analysis on FSTR
L.B. Foster Trading Down 1.0 %
Shares of FSTR stock traded down $0.21 during trading hours on Tuesday, reaching $19.92. The company had a trading volume of 24,775 shares, compared to its average volume of 58,508. L.B. Foster has a 1-year low of $14.23 and a 1-year high of $30.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.38 and a quick ratio of 1.38. The firm has a market cap of $218.40 million, a price-to-earnings ratio of 27.29 and a beta of 0.81. The company has a 50 day moving average of $19.27 and a 200 day moving average of $22.77.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.16). The company had revenue of $140.80 million during the quarter, compared to analyst estimates of $137.36 million. L.B. Foster had a net margin of 1.35% and a return on equity of 2.69%. During the same period in the previous year, the company posted $0.32 EPS. On average, equities research analysts anticipate that L.B. Foster will post 1.2 EPS for the current year.
About L.B. Foster
(
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.
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