L.B. Foster (FSTR) Stock Rating Upgraded by ValuEngine

L.B. Foster (NASDAQ:FSTR) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

Several other brokerages have also commented on FSTR. Zacks Investment Research upgraded L.B. Foster from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, May 7th. B. Riley set a $30.00 target price on L.B. Foster and gave the company a “buy” rating in a research report on Tuesday, March 19th.

Shares of L.B. Foster stock traded up $0.40 on Tuesday, hitting $24.39. 137,500 shares of the company’s stock traded hands, compared to its average volume of 42,511. L.B. Foster has a one year low of $13.91 and a one year high of $26.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.83 and a quick ratio of 0.82. The firm has a market cap of $258.39 million, a price-to-earnings ratio of 20.85 and a beta of 2.13.

L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Thursday, May 9th. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.13 by $0.22. L.B. Foster had a positive return on equity of 11.15% and a negative net margin of 4.21%. The company had revenue of $150.47 million for the quarter, compared to analyst estimates of $132.25 million. On average, sell-side analysts expect that L.B. Foster will post 1.69 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in L.B. Foster by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 688,466 shares of the basic materials company’s stock worth $12,957,000 after buying an additional 26,018 shares during the period. BlackRock Inc. raised its stake in L.B. Foster by 4.0% during the 1st quarter. BlackRock Inc. now owns 664,596 shares of the basic materials company’s stock worth $12,509,000 after buying an additional 25,632 shares during the period. Vanguard Group Inc raised its stake in L.B. Foster by 13.4% during the 3rd quarter. Vanguard Group Inc now owns 447,044 shares of the basic materials company’s stock worth $9,187,000 after buying an additional 52,772 shares during the period. Vanguard Group Inc. raised its stake in L.B. Foster by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 447,044 shares of the basic materials company’s stock worth $9,187,000 after buying an additional 52,772 shares during the period. Finally, Kennedy Capital Management Inc. raised its stake in L.B. Foster by 4.1% during the 1st quarter. Kennedy Capital Management Inc. now owns 264,046 shares of the basic materials company’s stock worth $4,969,000 after buying an additional 10,483 shares during the period. 66.59% of the stock is currently owned by institutional investors and hedge funds.

About L.B. Foster

L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products 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, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and other accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.

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