Alambic Investment Management L.P. Sells 2,870 Shares of L.B. Foster Co (NASDAQ:FSTR)

Alambic Investment Management L.P. cut its position in L.B. Foster Co (NASDAQ:FSTR) by 19.0% in the first quarter, HoldingsChannel.com reports. The firm owned 12,213 shares of the basic materials company’s stock after selling 2,870 shares during the period. Alambic Investment Management L.P.’s holdings in L.B. Foster were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FSTR. Citigroup Inc. boosted its holdings in shares of L.B. Foster by 46.2% in the 4th quarter. Citigroup Inc. now owns 2,009 shares of the basic materials company’s stock valued at $39,000 after buying an additional 635 shares in the last quarter. UBS Group AG lifted its position in L.B. Foster by 48.9% during the fourth quarter. UBS Group AG now owns 13,818 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 4,536 shares during the last quarter. First Midwest Bank Trust Division acquired a new stake in L.B. Foster in the first quarter valued at approximately $316,000. First Republic Investment Management Inc. grew its holdings in L.B. Foster by 74.0% in the fourth quarter. First Republic Investment Management Inc. now owns 16,895 shares of the basic materials company’s stock worth $327,000 after purchasing an additional 7,183 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in L.B. Foster by 11.2% in the fourth quarter. Stifel Financial Corp now owns 17,445 shares of the basic materials company’s stock worth $337,000 after purchasing an additional 1,760 shares during the last quarter. Institutional investors and hedge funds own 71.65% of the company’s stock.

A number of analysts have recently weighed in on the company. Zacks Investment Research cut L.B. Foster from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded L.B. Foster from a “sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, B. Riley decreased their price objective on shares of L.B. Foster from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th.

Shares of FSTR traded down $0.11 during trading hours on Friday, reaching $11.21. 19,974 shares of the company traded hands, compared to its average volume of 42,766. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average price of $12.76 and a 200-day moving average price of $16.40. L.B. Foster Co has a 12-month low of $7.96 and a 12-month high of $27.80. The stock has a market capitalization of $121.20 million, a P/E ratio of 10.39 and a beta of 1.67.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.52). The firm had revenue of $128.78 million for the quarter, compared to analyst estimates of $148.59 million. L.B. Foster had a return on equity of 7.67% and a net margin of 5.84%. As a group, research analysts predict that L.B. Foster Co will post 0.67 EPS for the current fiscal year.

About L.B. Foster

L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products 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, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and other accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.

See Also: Liquidity

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Institutional Ownership by Quarter for L.B. Foster (NASDAQ:FSTR)

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