L.B. Foster (NASDAQ:FSTR) Stock Price Expected to Rise, B. Riley Analyst Says

L.B. Foster (NASDAQ:FSTR) had its target price increased by B. Riley from $21.00 to $25.00 in a report published on Wednesday morning,Benzinga reports. B. Riley currently has a neutral rating on the basic materials company’s stock. B. Riley also issued estimates for L.B. Foster’s Q4 2024 earnings at $0.32 EPS and FY2024 earnings at $1.19 EPS.

A number of other equities research analysts also recently weighed in on the company. StockNews.com raised L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th. Singular Research raised L.B. Foster to a “strong-buy” rating in a research report on Monday, August 12th.

L.B. Foster Stock Performance

Shares of L.B. Foster stock opened at $26.49 on Wednesday. The firm has a market cap of $286.89 million, a P/E ratio of 6.81 and a beta of 0.83. The company has a current ratio of 2.27, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. L.B. Foster has a 12 month low of $14.23 and a 12 month high of $30.77. The stock’s fifty day moving average price is $20.25 and its 200-day moving average price is $22.05.

Institutional Investors Weigh In On L.B. Foster

Institutional investors have recently added to or reduced their stakes in the stock. De Lisle Partners LLP boosted its holdings in L.B. Foster by 11.9% in the third quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company’s stock worth $961,000 after acquiring an additional 5,000 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in L.B. Foster by 129.1% in the third quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 3,003 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in L.B. Foster by 760.1% in the first quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,581 shares in the last quarter. Institutional investors 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.