B. Riley Initiates Coverage on L.B. Foster (NASDAQ:FSTR)

Research analysts at B. Riley started coverage on shares of L.B. Foster (NASDAQ:FSTR) in a note issued to investors on Thursday. The brokerage set a “neutral” rating and a $25.00 price target on the basic materials company’s stock. B. Riley’s price target would suggest a potential upside of 24.50% from the stock’s previous close. B. Riley also issued estimates for L.B. Foster’s Q3 2025 earnings at $0.63 EPS.

Separately, StockNews.com lowered shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 6th.

L.B. Foster Stock Down 2.4 %

Shares of NASDAQ:FSTR opened at $20.08 on Thursday. L.B. Foster has a fifty-two week low of $14.23 and a fifty-two week high of $30.77. The firm’s 50 day moving average price is $24.98 and its 200 day moving average price is $24.17. The company has a quick ratio of 1.30, a current ratio of 2.27 and a debt-to-equity ratio of 0.37. The stock has a market cap of $215.92 million, a price-to-earnings ratio of 5.16 and a beta of 0.97.

L.B. Foster announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 4th that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire up to 16.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On L.B. Foster

Institutional investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. acquired a new stake in L.B. Foster during the fourth quarter worth approximately $1,784,000. MetLife Investment Management LLC grew its position in shares of L.B. Foster by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company’s stock valued at $109,000 after buying an additional 3,003 shares during the last quarter. De Lisle Partners LLP raised its stake in L.B. Foster by 11.9% during the 3rd 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. BNP Paribas Financial Markets raised its stake in L.B. Foster by 197.2% during the 4th quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company’s stock worth $171,000 after acquiring an additional 4,225 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in L.B. Foster in the fourth quarter valued at $349,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

About L.B. Foster

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.