Systematic Financial Management LP Takes $152,000 Position in L.B. Foster Co (FSTR)

Systematic Financial Management LP acquired a new stake in L.B. Foster Co (NASDAQ:FSTR) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,100 shares of the basic materials company’s stock, valued at approximately $152,000.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in L.B. Foster by 676.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,113 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,841 shares during the period. Ramsey Quantitative Systems increased its position in shares of L.B. Foster by 80.2% during the fourth quarter. Ramsey Quantitative Systems now owns 7,144 shares of the basic materials company’s stock valued at $114,000 after buying an additional 3,180 shares during the period. First Midwest Bank Trust Division bought a new stake in shares of L.B. Foster during the first quarter valued at about $268,000. Bank of America Corp DE increased its position in shares of L.B. Foster by 10.1% during the fourth quarter. Bank of America Corp DE now owns 15,700 shares of the basic materials company’s stock valued at $249,000 after buying an additional 1,444 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of L.B. Foster by 16.0% during the fourth quarter. Two Sigma Investments LP now owns 16,582 shares of the basic materials company’s stock valued at $264,000 after buying an additional 2,291 shares during the period. Institutional investors and hedge funds own 66.55% of the company’s stock.

Shares of FSTR traded down $0.23 during midday trading on Wednesday, hitting $24.29. 19 shares of the company traded hands, compared to its average volume of 43,495. L.B. Foster Co has a one year low of $13.91 and a one year high of $26.48. The stock has a market cap of $259.32 million, a PE ratio of 20.77 and a beta of 2.13. The company has a quick ratio of 0.82, a current ratio of 1.88 and a debt-to-equity ratio of 0.78.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.22. L.B. Foster had a positive return on equity of 11.45% and a negative net margin of 4.21%. The firm had revenue of $150.47 million for the quarter, compared to analysts’ expectations of $132.25 million. Analysts expect that L.B. Foster Co will post 1.94 earnings per share for the current fiscal year.

FSTR has been the topic of several analyst reports. ValuEngine upgraded L.B. Foster from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. B. Riley initiated coverage on L.B. Foster in a research report on Wednesday, March 6th. They set a “buy” rating and a $25.00 price target on the stock. Zacks Investment Research upgraded L.B. Foster from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, May 7th. Finally, BidaskClub upgraded L.B. Foster from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th.

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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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Institutional Ownership by Quarter for L.B. Foster (NASDAQ:FSTR)

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