L.B. Foster (NASDAQ:FSTR – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.
Several other equities analysts have also commented on FSTR. B. Riley decreased their price target on L.B. Foster from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Singular Research upgraded L.B. Foster to a “strong-buy” rating in a report on Monday, August 12th.
View Our Latest Report on FSTR
L.B. Foster Trading Up 6.4 %
L.B. Foster (NASDAQ:FSTR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.16). L.B. Foster had a net margin of 1.35% and a return on equity of 2.69%. The business had revenue of $140.80 million during the quarter, compared to analyst estimates of $137.36 million. During the same period last year, the company earned $0.32 EPS. Research analysts forecast that L.B. Foster will post 1.2 EPS for the current year.
Institutional Investors Weigh In On L.B. Foster
An institutional investor recently raised its position in L.B. Foster stock. Lazard Asset Management LLC lifted its position in L.B. Foster (NASDAQ:FSTR – Free Report) by 760.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,789 shares of the basic materials company’s stock after buying an additional 1,581 shares during the quarter. Lazard Asset Management LLC’s holdings in L.B. Foster were worth $48,000 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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