Morgan Dempsey Capital Management LLC Has $1.65 Million Position in L.B. Foster Company (FSTR)

Morgan Dempsey Capital Management LLC decreased its position in shares of L.B. Foster Company (NASDAQ:FSTR) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,972 shares of the basic materials company’s stock after selling 2,481 shares during the period. Morgan Dempsey Capital Management LLC owned 0.75% of L.B. Foster worth $1,651,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. acquired a new position in shares of L.B. Foster during the first quarter worth about $279,000. Bragg Financial Advisors Inc boosted its position in shares of L.B. Foster by 22.2% in the first quarter. Bragg Financial Advisors Inc now owns 73,208 shares of the basic materials company’s stock worth $915,000 after buying an additional 13,288 shares during the period. Legion Partners Asset Management LLC boosted its position in shares of L.B. Foster by 14.8% in the first quarter. Legion Partners Asset Management LLC now owns 1,512,726 shares of the basic materials company’s stock worth $18,909,000 after buying an additional 195,313 shares during the period. Renaissance Technologies LLC boosted its position in shares of L.B. Foster by 2.5% in the first quarter. Renaissance Technologies LLC now owns 149,200 shares of the basic materials company’s stock worth $1,865,000 after buying an additional 3,700 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of L.B. Foster by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 501,969 shares of the basic materials company’s stock worth $6,275,000 after buying an additional 14,556 shares during the period. 65.54% of the stock is owned by institutional investors.

Shares of L.B. Foster Company (FSTR) traded up 1.67% on Friday, reaching $18.30. 78,537 shares of the company were exchanged. The company’s 50-day moving average is $19.45 and its 200-day moving average is $16.52. The company’s market capitalization is $189.26 million. L.B. Foster Company has a 52 week low of $9.25 and a 52 week high of $22.00.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.32. The company had revenue of $144.86 million during the quarter. L.B. Foster had a negative net margin of 9.83% and a negative return on equity of 27.82%. On average, equities analysts expect that L.B. Foster Company will post ($0.81) EPS for the current fiscal year.

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L.B. Foster Company Profile

L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.

Institutional Ownership by Quarter for L.B. Foster (NASDAQ:FSTR)

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