L.B. Foster (NASDAQ:FSTR) Short Interest Update

L.B. Foster (NASDAQ:FSTR) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 169,700 shares, a decline of 20.7% from the October 15th total of 213,900 shares. Based on an average trading volume of 46,700 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.7% of the company’s stock are short sold.

Analysts Set New Price Targets

Several research firms have commented on FSTR. B. Riley boosted their target price on L.B. Foster from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com raised L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Singular Research upgraded L.B. Foster to a “strong-buy” rating in a research report on Monday, August 12th.

Institutional Trading of L.B. Foster

Several institutional investors have recently made changes to their positions in the business. De Lisle Partners LLP boosted its stake in L.B. Foster by 11.9% during the third quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company’s stock valued at $961,000 after buying an additional 5,000 shares during the last quarter. MetLife Investment Management LLC increased its holdings in L.B. Foster by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 3,003 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of L.B. Foster by 760.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company’s stock worth $48,000 after buying an additional 1,581 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

L.B. Foster Stock Performance

FSTR traded up $2.72 during midday trading on Friday, reaching $26.49. The company had a trading volume of 119,854 shares, compared to its average volume of 56,975. The company has a quick ratio of 1.30, a current ratio of 2.27 and a debt-to-equity ratio of 0.37. L.B. Foster has a 1 year low of $14.23 and a 1 year high of $30.77. The business has a 50-day moving average of $20.09 and a two-hundred day moving average of $22.04. The company has a market cap of $286.89 million, a P/E ratio of 6.11 and a beta of 0.83.

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.