L.B. Foster (NASDAQ:FSTR) Now Covered by B. Riley

B. Riley initiated coverage on shares of L.B. Foster (NASDAQ:FSTR) in a research note issued to investors on Thursday. The brokerage issued a neutral rating and a $25.00 price target on the basic materials company’s stock. B. Riley also issued estimates for L.B. Foster’s Q3 2025 earnings at $0.63 EPS.

Separately, StockNews.com cut L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 6th.

L.B. Foster Stock Performance

NASDAQ FSTR opened at $20.08 on Thursday. The company has a 50-day simple moving average of $24.98 and a two-hundred day simple moving average of $24.20. L.B. Foster has a 12-month low of $14.23 and a 12-month high of $30.77. The firm has a market cap of $215.92 million, a price-to-earnings ratio of 5.16 and a beta of 0.97. 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 announced that its Board of Directors has authorized a stock buyback plan on Tuesday, March 4th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the basic materials company to buy up to 16.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On L.B. Foster

A number of large investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its holdings 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 worth $109,000 after purchasing an additional 3,003 shares during the period. BNP Paribas Financial Markets lifted its holdings in L.B. Foster by 197.2% in the 4th quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company’s stock worth $171,000 after buying an additional 4,225 shares during the period. De Lisle Partners LLP lifted its holdings in L.B. Foster by 11.9% in the 3rd quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company’s stock worth $961,000 after buying an additional 5,000 shares during the period. Lazard Asset Management LLC bought a new stake in shares of L.B. Foster in the 4th quarter worth approximately $349,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of L.B. Foster during the fourth quarter valued at approximately $1,784,000. Institutional investors own 80.63% of the company’s stock.

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.