LB Foster (NASDAQ:FSTR) coverage initiated by analysts

0 launched coverage on the shares of LB Foster (NASDAQ:FSTR – Get a Rating) in a research note published Saturday. The company has set a “buy” rating on the shares of the basic materials company.

The FSTR has been the subject of a number of other reports. B. Riley reduced his price target on LB Foster shares from $21.00 to $18.00 and set a “buy” rating on the stock in a Thursday, March 10 research report. Zacks Investment Research downgraded shares of LB Foster from a “held” rating to a “strong sell” rating in a Monday, March 14 research report.

Shares of NASDAQ:FSTR opened at $13.55 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.35 and a debt ratio of 0.17. LB Foster has a 12-month low of $12.62 and a 12-month high of $19.39. The company has a 50-day moving average price of $14.98 and a 200-day moving average price of $15.10. The company has a market capitalization of $147.56 million, a price-earnings ratio of 39.85 and a beta of 0.93.

LB Foster (NASDAQ:FSTR – Get Rating) last announced its quarterly results on Tuesday, March 1. The basic materials company reported ($0.03) EPS for the quarter, missing analyst consensus estimates of $0.16 per ($0.19). LB Foster had a net margin of 0.71% and a return on equity of 0.83%. The company posted revenue of $112.97 million in the quarter, versus a consensus estimate of $127.67 million. During the same period a year earlier, the company posted EPS of $0.24. As a group, equity analysts expect LB Foster to post EPS of 0.65 for the current year.

A number of institutional investors have recently bought and sold shares of FSTR. Systematic Financial Management LP increased its position in LB Foster by 8.6% in the fourth quarter. Systematic Financial Management LP now owns 35,788 shares of the basic materials company worth $492,000 after purchasing an additional 2,835 shares during the period. Russell Investments Group Ltd. increased its position in LB Foster shares by 72.7% during the first quarter. Russell Investments Group Ltd. now owns 52,434 shares of the basic materials company worth $805,000 after acquiring an additional 22,076 shares during the period. Finally, Castleview Partners LLC purchased a new stock position in LB Foster during the fourth quarter worth approximately $24,663,000. 76.61% of the shares are currently held by institutional investors.

About LB Foster (Get a rating)

LB Foster Company provides products and services designed and manufactured for construction and infrastructure projects worldwide. The Company’s Rail, Technologies and Services segment provides new rails to short-haul passenger and freight railways, industrial companies and rail contractors; used rails; railway accessories, including track spikes and anchors, bolts, angles, rail saddles and other products; power rail, direct fasteners, cover panels and special accessories; and track products, as well as designs and manufactures insulated rail joints and related accessories.

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