The stock of L.B. Foster Co (NASDAQ:FSTR) is a huge mover today! About 200,018 shares traded hands or 320.44% up from the average. L.B. Foster Co (NASDAQ:FSTR) has declined 25.82% since April 6, 2016 and is downtrending. It has underperformed by 27.77% the S&P500.
The move comes after 5 months negative chart setup for the $99.94 million company. It was reported on Nov, 8 by Barchart.com. We have $8.27 PT which if reached, will make NASDAQ:FSTR worth $13.99M less.
Analysts await L.B. Foster Co (NASDAQ:FSTR) to report earnings on November, 14. They expect $0.15 earnings per share, down 77.61% or $0.52 from last year’s $0.67 per share. FSTR’s profit will be $1.56M for 16.03 P/E if the $0.15 EPS becomes a reality. After $-0.11 actual earnings per share reported by L.B. Foster Co for the previous quarter, Wall Street now forecasts -236.36% EPS growth.
L.B. Foster Co (NASDAQ:FSTR) Ratings Coverage
Out of 3 analysts covering LB Foster Co (NASDAQ:FSTR), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. LB Foster Co has been the topic of 3 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by DA Davidson given on Wednesday, May 4. Macquarie Research downgraded the stock to “Neutral” rating in Friday, September 11 report.
According to Zacks Investment Research, “L. B. Foster Company is engaged in the manufacture, fabrication and distribution of rail and trackwork, piling, highway products and tubular products. For rail markets, Foster provides a full line of new and used rail, trackwork and accessories to railroads, mines and industry. Foster also sells and rents steel sheet piling and H-bearing pile for foundation and earth retention requirements for the construction industry. For tubular markets, foster supplies pipe and pipe coatings for pipelines and produces pipe-related products for special markets.”
Insitutional Activity: The institutional sentiment decreased to 0.84 in Q2 2016. Its down 0.74, from 1.58 in 2016Q1. The ratio turned negative, as 20 funds sold all L.B. Foster Co shares owned while 31 reduced positions. 20 funds bought stakes while 23 increased positions. They now own 5.69 million shares or 17.36% less from 6.88 million shares in 2016Q1.
Citigroup has 6,273 shares for 0% of their US portfolio. Da Davidson And Company last reported 0% of its portfolio in the stock. The Germany-based Deutsche State Bank Ag has invested 0% in L.B. Foster Co (NASDAQ:FSTR). Bogle Inv Mngmt L P De accumulated 21,689 shares or 0.02% of the stock. Lsv Asset Mngmt holds 0.01% or 325,347 shares in its portfolio. Blackrock Advsrs, a Delaware-based fund reported 1,479 shares. Clarivest Asset Management Ltd Llc has invested 0% of its portfolio in L.B. Foster Co (NASDAQ:FSTR). Moreover, Blackrock Fund Advsrs has 0% invested in L.B. Foster Co (NASDAQ:FSTR) for 24,276 shares. New York State Common Retirement Fund holds 2,800 shares or 0% of its portfolio. Morgan Stanley last reported 199,247 shares in the company. Numeric Ltd Liability holds 53,561 shares or 0.01% of its portfolio. Shell Asset Mngmt Communications accumulated 9,707 shares or 0% of the stock. Virginia Retirement Et Al owns 31,000 shares or 0% of their US portfolio. Pub Employees Retirement Association Of Colorado owns 5,900 shares or 0% of their US portfolio. Minerva Advsrs Ltd last reported 106,132 shares in the company.
Insider Transactions: Since August 11, 2016, the stock had 12 insider purchases, and 0 insider sales for $2.99 million net activity. $420,917 worth of L.B. Foster Co (NASDAQ:FSTR) was bought by Vizi Bradley. 3,000 shares were bought by Bauer Robert P, worth $28,690 on Thursday, August 11. The insider Purgason Robert S bought 10,000 shares worth $112,400.
More recent L.B. Foster Co (NASDAQ:FSTR) news were published by: Seekingalpha.com which released: “L.B. Foster Co. (FSTR) CEO Robert Bauer on Q3 2016 Results – Earnings Call …” on November 08, 2016. Also Globenewswire.com published the news titled: “L.B. Foster Company Declares Quarterly Dividend” on July 28, 2016. Globenewswire.com‘s news article titled: “L.B. Foster Company Amends Credit Agreement” with publication date: July 01, 2016 was also an interesting one.
FSTR Company Profile
L.B. Foster Company (Foster), incorporated on April 15, 1998, is a manufacturer, fabricator and distributor of services and products for the rail, construction, energy and utility markets. The Company’s divisions include Rail Products and Services, Construction Products, and Tubular and Energy Services. The Company’s Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry. The Rail segment also creates and produces concrete railroad ties, insulated rail joints, power rail, track fasteners, coverboards and special accessories for mass transit and other rail systems. The Construction Products segment sells and rents steel sheet piling, H-bearing pile and other piling products for foundation and earth retention requirements. The Tubular and Energy Services segment supplies pipe coatings for natural gas pipelines and utilities, blending, injection and metering equipment for the gas and oil market, and produces threaded pipe products for industrial water well and irrigation markets. The Firm is a member of a joint venture, LB Pipe & Coupling Products, LLC (LB Pipe JV), in which it has ownership interest. The LB Pipe JV makes, markets and sells various precision couplings and other tubular products for the energy, utility and construction markets.
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