B. Riley Increases L.B. Foster (NASDAQ:FSTR) Price Target to $25.00

L.B. Foster (NASDAQ:FSTR) had its target price boosted by stock analysts at B. Riley from $21.00 to $25.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. B. Riley’s target price points to a potential upside of 5.17% from the stock’s previous close.

FSTR has been the subject of a number of other research reports. StockNews.com raised L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th. Singular Research upgraded shares of L.B. Foster to a “strong-buy” rating in a research report on Monday, August 12th.

L.B. Foster Stock Up 1.1 %

FSTR opened at $23.77 on Wednesday. The company has a fifty day moving average of $20.09 and a two-hundred day moving average of $22.04. The stock has a market capitalization of $257.43 million, a price-to-earnings ratio of 6.11 and a beta of 0.83. L.B. Foster has a fifty-two week low of $14.23 and a fifty-two week high of $30.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.27.

Institutional Trading of L.B. Foster

Several large investors have recently made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of 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 valued at $48,000 after buying an additional 1,581 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of 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 valued at $109,000 after purchasing an additional 3,003 shares in the last quarter. Finally, De Lisle Partners LLP increased its holdings in shares of 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 valued at $961,000 after purchasing an additional 5,000 shares during the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.