B. Riley Boosts L.B. Foster (NASDAQ:FSTR) Price Target to $15.00

L.B. Foster (NASDAQ:FSTRGet Rating) had its price objective raised by equities researchers at B. Riley from $14.00 to $15.00 in a research note issued on Wednesday, The Fly reports. B. Riley’s price objective suggests a potential upside of 2.18% from the stock’s previous close. B. Riley also issued estimates for L.B. Foster’s Q3 2022 earnings at $0.06 EPS, Q4 2022 earnings at $0.01 EPS and FY2022 earnings at $0.11 EPS.

Separately, StockNews.com began coverage on L.B. Foster in a research report on Sunday. They set a “hold” rating on the stock.

L.B. Foster Trading Down 3.2 %

NASDAQ FSTR opened at $14.68 on Wednesday. The company has a market cap of $160.45 million, a price-to-earnings ratio of 66.73 and a beta of 0.94. L.B. Foster has a 52 week low of $12.04 and a 52 week high of $18.13. The business has a 50 day moving average price of $13.75 and a 200-day moving average price of $14.26. The company has a quick ratio of 1.34, a current ratio of 2.10 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Systematic Financial Management LP boosted its position in L.B. Foster by 8.6% in the fourth quarter. Systematic Financial Management LP now owns 35,788 shares of the basic materials company’s stock worth $492,000 after purchasing an additional 2,835 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of L.B. Foster by 72.7% during the 1st 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 last quarter. Rutabaga Capital Management LLC MA lifted its position in shares of L.B. Foster by 2.3% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 398,813 shares of the basic materials company’s stock valued at $5,133,000 after buying an additional 8,950 shares during the last quarter. Finally, Castleview Partners LLC purchased a new position in shares of L.B. Foster during the 4th quarter valued at $24,663,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

About L.B. Foster

(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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