L.B. Foster (NASDAQ:FSTR) Upgraded at StockNews.com

StockNews.com upgraded shares of L.B. Foster (NASDAQ:FSTR) from a buy rating to a strong-buy rating in a research report released on Tuesday.

Separately, B. Riley raised their target price on shares of L.B. Foster from $23.00 to $27.00 and gave the stock a neutral rating in a research note on Friday, May 10th.

L.B. Foster Stock Performance

FSTR opened at $28.15 on Tuesday. The company has a current ratio of 2.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.54. The company has a market cap of $308.52 million, a price-to-earnings ratio of 38.56 and a beta of 0.80. The company’s 50 day moving average is $26.22 and its 200 day moving average is $23.39. L.B. Foster has a 12-month low of $12.28 and a 12-month high of $30.77.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings data on Tuesday, March 5th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $134.88 million during the quarter, compared to analysts’ expectations of $127.65 million. L.B. Foster had a return on equity of 3.19% and a net margin of 1.46%. During the same period in the previous year, the business posted $0.03 EPS.

Institutional Investors Weigh In On L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. Lazard Asset Management LLC boosted its position in shares of L.B. Foster (NASDAQ:FSTR) by 760.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,789 shares of the basic materials company’s stock after acquiring 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.

About L.B. Foster

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.