B. Riley Has Positive Outlook of L.B. Foster FY2024 Earnings

L.B. Foster (NASDAQ:FSTR) – Investment analysts at B. Riley lifted their FY2024 earnings per share estimates for L.B. Foster in a research report issued to clients and investors on Wednesday, November 13th. B. Riley analyst A. Rygiel now forecasts that the basic materials company will post earnings of $1.19 per share for the year, up from their previous forecast of $1.17. B. Riley currently has a “Neutral” rating and a $25.00 price objective on the stock. The consensus estimate for L.B. Foster’s current full-year earnings is $1.20 per share. B. Riley also issued estimates for L.B. Foster’s Q4 2024 earnings at $0.32 EPS.

FSTR has been the subject of several other reports. StockNews.com raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a 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 Price Performance

Shares of NASDAQ:FSTR opened at $26.49 on Friday. The company has a 50-day moving average price of $20.25 and a two-hundred day moving average price of $22.05. L.B. Foster has a twelve month low of $14.23 and a twelve month high of $30.77. The company has a quick ratio of 1.30, a current ratio of 2.27 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $286.89 million, a PE ratio of 6.81 and a beta of 0.83.

Institutional Trading of L.B. Foster

Several institutional investors and hedge funds have recently bought and sold shares of FSTR. De Lisle Partners LLP grew its position in shares of 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 purchasing an additional 5,000 shares in the last quarter. MetLife Investment Management LLC grew its position in 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 worth $109,000 after buying an additional 3,003 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in L.B. Foster by 760.1% in the 1st 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. 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.