L.B. Foster (NASDAQ:FSTR) Downgraded by B. Riley

L.B. Foster (NASDAQ:FSTRGet Rating) was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating in a report issued on Monday, Marketbeat.com reports.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 10th. StockNews.com downgraded L.B. Foster from a “buy” rating to a “hold” rating in a research report on Monday, May 30th.

Shares of L.B. Foster stock opened at $13.24 on Monday. The company has a current ratio of 2.08, a quick ratio of 1.33 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $13.87 and its two-hundred day simple moving average is $14.52. The company has a market cap of $144.18 million, a P/E ratio of 42.71 and a beta of 0.93. L.B. Foster has a 12-month low of $12.04 and a 12-month high of $19.39.

L.B. Foster (NASDAQ:FSTRGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The basic materials company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The firm had revenue of $98.79 million during the quarter, compared to the consensus estimate of $103.41 million. L.B. Foster had a return on equity of 0.66% and a net margin of 0.67%. During the same quarter in the previous year, the firm earned ($0.12) EPS. Analysts predict that L.B. Foster will post 0.65 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Rutabaga Capital Management LLC MA increased its stake in shares of L.B. Foster by 59.5% during the first quarter. Rutabaga Capital Management LLC MA now owns 389,863 shares of the basic materials company’s stock valued at $5,992,000 after buying an additional 145,446 shares during the period. Castleview Partners LLC purchased a new position in shares of L.B. Foster during the fourth quarter valued at $24,663,000. Systematic Financial Management LP increased its stake in shares of L.B. Foster by 98.8% during the first quarter. Systematic Financial Management LP now owns 71,148 shares of the basic materials company’s stock valued at $1,094,000 after buying an additional 35,360 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of L.B. Foster by 72.7% during the first quarter. Russell Investments Group Ltd. now owns 52,434 shares of the basic materials company’s stock valued at $805,000 after buying an additional 22,076 shares during the period. Hedge funds and other institutional investors own 76.61% of the company’s stock.

L.B. Foster Company Profile (Get Rating)

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects worldwide. The company's Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes and anchors, bolts, angle bars, tie plates, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and manufactures insulated rail joints and related accessories.

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