L.B. Foster (FSTR) Upgraded by BidaskClub to Strong-Buy

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

Shares of L.B. Foster (NASDAQ FSTR) opened at $26.00 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 2.10 and a debt-to-equity ratio of 0.89. L.B. Foster has a twelve month low of $11.80 and a twelve month high of $26.75. The stock has a market capitalization of $268.86, a PE ratio of -7.22 and a beta of 2.32.

L.B. Foster (NASDAQ:FSTR) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter. L.B. Foster had a negative return on equity of 27.11% and a negative net margin of 7.38%. The company had revenue of $131.49 million for the quarter.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legion Partners Asset Management LLC lifted its stake in L.B. Foster by 4.7% in the 2nd quarter. Legion Partners Asset Management LLC now owns 1,584,223 shares of the basic materials company’s stock worth $33,982,000 after purchasing an additional 71,497 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of L.B. Foster by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 531,038 shares of the basic materials company’s stock valued at $11,391,000 after buying an additional 29,069 shares during the period. Kennedy Capital Management Inc. raised its position in shares of L.B. Foster by 1.5% during the 2nd quarter. Kennedy Capital Management Inc. now owns 309,765 shares of the basic materials company’s stock valued at $6,644,000 after buying an additional 4,537 shares during the period. Northern Trust Corp raised its position in shares of L.B. Foster by 219.5% during the 2nd quarter. Northern Trust Corp now owns 109,137 shares of the basic materials company’s stock valued at $2,341,000 after buying an additional 74,981 shares during the period. Finally, State Street Corp raised its position in shares of L.B. Foster by 452.5% during the 2nd quarter. State Street Corp now owns 92,197 shares of the basic materials company’s stock valued at $1,978,000 after buying an additional 75,509 shares during the period. 71.51% of the stock is currently owned by institutional investors and hedge funds.

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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.

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