Shares of L.B. Foster Co. (NASDAQ:FSTR) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokers have set a 12-month consensus target price of $11.00 for the company and are predicting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also given L.B. Foster an industry rank of 199 out of 265 based on the ratings given to related companies.
In other news, Director Bradley Vizi bought 19,401 shares of L.B. Foster stock in a transaction dated Friday, September 23rd. The stock was acquired at an average cost of $11.65 per share, with a total value of $226,021.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert P. Bauer bought 3,000 shares of L.B. Foster stock in a transaction dated Thursday, August 11th. The stock was purchased at an average cost of $9.56 per share, with a total value of $28,680.00. Following the completion of the acquisition, the insider now directly owns 68,850 shares in the company, valued at approximately $658,206. The disclosure for this purchase can be found here. 15.20% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Kennedy Capital Management Inc. increased its stake in L.B. Foster by 6.0% in the first quarter. Kennedy Capital Management Inc. now owns 324,599 shares of the company’s stock valued at $5,895,000 after buying an additional 18,469 shares during the last quarter. State Street Corp increased its stake in L.B. Foster by 38.2% in the first quarter. State Street Corp now owns 238,595 shares of the company’s stock valued at $4,332,000 after buying an additional 65,897 shares during the last quarter. Springbok Capital Management LLC increased its stake in L.B. Foster by 21.2% in the first quarter. Springbok Capital Management LLC now owns 10,300 shares of the company’s stock valued at $187,000 after buying an additional 1,800 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in L.B. Foster by 80.0% in the first quarter. Envestnet Asset Management Inc. now owns 6,521 shares of the company’s stock valued at $118,000 after buying an additional 2,898 shares during the last quarter. Finally, Virginia Retirement System purchased a new stake in L.B. Foster during the first quarter valued at $585,000. 58.27% of the stock is owned by institutional investors and hedge funds.
Shares of L.B. Foster (NASDAQ:FSTR) traded down 0.17% during trading on Friday, reaching $11.98. The company’s stock had a trading volume of 28,327 shares. L.B. Foster has a 52 week low of $8.80 and a 52 week high of $20.77. The company has a 50 day moving average price of $11.50 and a 200 day moving average price of $13.06. The firm’s market capitalization is $124.39 million.
L.B. Foster (NASDAQ:FSTR) last posted its earnings results on Tuesday, August 9th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.30. L.B. Foster had a negative net margin of 25.79% and a positive return on equity of 1.90%. The firm earned $136 million during the quarter, compared to analysts’ expectations of $152.65 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The firm’s revenue for the quarter was down 20.7% on a year-over-year basis. On average, equities research analysts expect that L.B. Foster will post ($0.36) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, September 7th. L.B. Foster’s payout ratio is currently -1.10%.
About L.B. Foster
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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