L.B. Foster (NASDAQ:FSTR) Short Interest Update

L.B. Foster (NASDAQ:FSTR) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 106,200 shares, a growth of 9.0% from the May 31st total of 97,400 shares. Based on an average daily trading volume, of 53,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FSTR. B. Riley raised their price target on shares of L.B. Foster from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. StockNews.com raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 30th.

Institutional Investors Weigh In On L.B. Foster

An institutional investor recently raised its position in L.B. Foster stock. Lazard Asset Management LLC boosted its stake in L.B. Foster (NASDAQ:FSTR) by 760.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,789 shares of the basic materials company’s stock after acquiring an additional 1,581 shares during the quarter. Lazard Asset Management LLC’s holdings in L.B. Foster were worth $48,000 as of its most recent filing with the SEC. 80.63% of the stock is owned by institutional investors.

L.B. Foster Price Performance

Shares of NASDAQ FSTR opened at $21.27 on Tuesday. The stock has a market capitalization of $233.20 million, a price-to-earnings ratio of 29.14 and a beta of 0.86. L.B. Foster has a 12 month low of $13.76 and a 12 month high of $30.77. The firm’s 50 day simple moving average is $25.59 and its 200-day simple moving average is $24.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.17 and a quick ratio of 1.15.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.24. L.B. Foster had a net margin of 1.46% and a return on equity of 3.19%. The firm had revenue of $124.32 million for the quarter, compared to analysts’ expectations of $110.34 million. Analysts expect that L.B. Foster will post 1.4 EPS for the current year.

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.