L.B. Foster (NASDAQ:FSTR) Research Coverage Started at B. Riley

B. Riley started coverage on shares of L.B. Foster (NASDAQ:FSTR) in a research report report published on Thursday morning. The firm issued a neutral rating and a $25.00 target price on the basic materials company’s stock. 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 research report on Thursday, March 6th.

L.B. Foster Trading Down 2.4 %

NASDAQ:FSTR opened at $20.08 on Thursday. L.B. Foster has a 12 month low of $14.23 and a 12 month high of $30.77. The company has a current ratio of 2.27, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $24.98 and its 200 day moving average is $24.20. The stock has a market capitalization of $215.92 million, a PE ratio of 5.16 and a beta of 0.97.

L.B. Foster announced that its board has initiated a share repurchase plan on Tuesday, March 4th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to repurchase up to 16.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Trading of L.B. Foster

Institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. bought a new stake in shares of L.B. Foster during the fourth quarter valued at about $1,784,000. De Lisle Partners LLP increased its holdings 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 during the period. Lazard Asset Management LLC purchased a new stake in L.B. Foster in the 4th quarter worth approximately $349,000. BNP Paribas Financial Markets boosted its holdings in L.B. Foster by 197.2% in the 4th quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 4,225 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in 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 purchasing an additional 3,003 shares during the period. Hedge funds and other 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.