Separately, B. Riley boosted their target price on shares of L.B. Foster from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th.
L.B. Foster Trading Down 0.4 %
Institutional Inflows and Outflows
An institutional investor recently raised its position in L.B. Foster stock. Systematic Financial Management LP raised its position in L.B. Foster (NASDAQ:FSTR – Free Report) by 31.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 102,005 shares of the basic materials company’s stock after purchasing an additional 24,182 shares during the period. Systematic Financial Management LP owned 0.93% of L.B. Foster worth $987,000 as of its most recent filing with the SEC. 75.53% 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 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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