L.B. Foster (NASDAQ:FSTR) Stock Price Expected to Rise, B. Riley Analyst Says

L.B. Foster (NASDAQ:FSTR) had its target price hoisted by B. Riley from $21.00 to $25.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock. B. Riley also issued estimates for L.B. Foster’s Q4 2024 earnings at $0.32 EPS and FY2024 earnings at $1.19 EPS.

FSTR has been the subject of several other reports. StockNews.com upgraded L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th. Singular Research upgraded L.B. Foster to a “strong-buy” rating in a research report on Monday, August 12th.

L.B. Foster Trading Up 11.4 %

L.B. Foster stock opened at $26.49 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 2.27 and a debt-to-equity ratio of 0.37. L.B. Foster has a 52 week low of $14.23 and a 52 week high of $30.77. The company has a market capitalization of $286.89 million, a price-to-earnings ratio of 6.81 and a beta of 0.83. The stock has a 50-day moving average price of $20.25 and a 200 day moving average price of $22.05.

Institutional Trading of L.B. Foster

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its stake in shares of L.B. Foster by 760.1% in the first quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,581 shares during the last quarter. MetLife Investment Management LLC lifted 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 worth $109,000 after acquiring an additional 3,003 shares in the last quarter. Finally, De Lisle Partners LLP raised its position in L.B. Foster by 11.9% in the 3rd quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company’s stock valued at $961,000 after purchasing an additional 5,000 shares in the last quarter. 80.63% of the stock is currently owned by hedge funds and other 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.