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

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

Institutional Trading of L.B. Foster

A number of large investors have recently modified their holdings of the business. Lazard Asset Management LLC increased its stake in 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 purchasing an additional 1,581 shares during the period. MetLife Investment Management LLC increased its stake in shares of L.B. Foster by 129.1% during the third quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company’s stock valued at $109,000 after buying an additional 3,003 shares during the period. Finally, De Lisle Partners LLP grew its stake in 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 worth $961,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 80.63% of the company’s stock.

Analyst Ratings Changes

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

L.B. Foster Price Performance

FSTR stock traded up $2.72 during mid-day trading on Friday, reaching $26.49. 119,854 shares of the company traded hands, compared to its average volume of 56,975. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30. The company has a market capitalization of $286.89 million, a P/E ratio of 6.11 and a beta of 0.83. L.B. Foster has a 52-week low of $14.23 and a 52-week high of $30.77. The company has a fifty day moving average price of $20.09 and a 200-day moving average price of $22.04.

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.