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L.B. Foster (NASDAQ:FSTR - Get Rating) insider John F. Kasel acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average price of $11.51 per share, for a total transaction of $11,510.00. Following the purchase, the insider now owns 82,411 shares of the company's stock, valued at approximately $948,550.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. L.B. Foster Stock Performance
FSTR stock traded down $0.12 during midday trading on Wednesday, reaching $11.55. 21,604 shares of the company's stock traded hands, compared to its average volume of 19,488. The company has a 50-day moving average price of $13.83 and a two-hundred day moving average price of $13.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.34 and a current ratio of 2.10. L.B. Foster has a 52 week low of $11.29 and a 52 week high of $17.48. The firm has a market capitalization of $126.23 million, a PE ratio of 53.50 and a beta of 0.96. Institutional Investors Weigh In On L.B. Foster
A number of hedge funds and other institutional investors have recently bought and sold shares of FSTR. Castleview Partners LLC bought a new stake in L.B. Foster during the 4th quarter valued at $24,663,000. Rutabaga Capital Management LLC MA raised its position in shares of L.B. Foster by 59.5% in the first quarter. Rutabaga Capital Management LLC MA now owns 389,863 shares of the basic materials company's stock worth $5,992,000 after buying an additional 145,446 shares in the last quarter. Systematic Financial Management LP boosted its stake in L.B. Foster by 98.8% during the first quarter. Systematic Financial Management LP now owns 71,148 shares of the basic materials company's stock valued at $1,094,000 after buying an additional 35,360 shares during the period. Finally, Russell Investments Group Ltd. grew its position in L.B. Foster by 72.7% during the first quarter. Russell Investments Group Ltd. now owns 52,434 shares of the basic materials company's stock worth $805,000 after buying an additional 22,076 shares in the last quarter. Institutional investors own 69.29% of the company's stock. Analysts Set New Price Targets
FSTR has been the topic of several research analyst reports. B. Riley upped their price objective on L.B. Foster from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Wednesday, August 17th. StockNews.com began coverage on shares of L.B. Foster in a report on Thursday, September 8th. They set a "hold" rating on the stock.About L.B. Foster (Get Rating)
L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects worldwide. The company's Rail, Technologies, 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 and anchors, bolts, angle bars, tie plates, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and manufactures insulated rail joints and related accessories.Further ReadingGet a free copy of the StockNews.com research report on L.B. Foster (FSTR)Four Cheap Stocks With Interesting Insider Activity Can Health Drink Maker Celsius Outrun Its Monster Rival?Is Lyft Going To Make It As Acquisition Rumors Swirl?It’s Time To Embrace Another 25% Decline In The S&P 500Is Five Below Trying to Punch Too High?
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