L.B. Foster (NASDAQ:FSTR – Get Free Report) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.
Separately, B. Riley lifted their price objective on L.B. Foster from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th.
Read Our Latest Stock Report on FSTR
L.B. Foster Stock Performance
L.B. Foster (NASDAQ:FSTR – Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $134.88 million for the quarter, compared to the consensus estimate of $127.65 million. L.B. Foster had a net margin of 0.27% and a return on equity of 2.18%. During the same period last year, the company posted $0.03 earnings per share. Research analysts predict that L.B. Foster will post 1.07 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in L.B. Foster stock. EAM Investors LLC bought a new position in shares of L.B. Foster (NASDAQ:FSTR – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 94,529 shares of the basic materials company’s stock, valued at approximately $1,788,000. EAM Investors LLC owned approximately 0.85% of L.B. Foster at the end of the most recent reporting period. Institutional investors and hedge funds own 80.63% of the company’s stock.
L.B. Foster Company Profile
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.
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