L.B. Foster (FSTR) Downgraded by ValuEngine

L.B. Foster (NASDAQ:FSTR) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday, February 4th.

L.B. Foster stock traded up $0.31 during midday trading on Monday, reaching $17.62. The company’s stock had a trading volume of 18,345 shares, compared to its average volume of 20,972. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.90 and a current ratio of 1.83. L.B. Foster has a 52-week low of $13.91 and a 52-week high of $26.75. The stock has a market cap of $186.07 million, a PE ratio of 14.66 and a beta of 2.11.

Several hedge funds have recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of L.B. Foster by 0.8% in the fourth quarter. Northern Trust Corp now owns 122,962 shares of the basic materials company’s stock valued at $1,955,000 after purchasing an additional 1,025 shares during the period. Bank of America Corp DE increased its holdings in shares of L.B. Foster by 10.1% in the fourth quarter. Bank of America Corp DE now owns 15,700 shares of the basic materials company’s stock valued at $249,000 after purchasing an additional 1,444 shares during the period. Two Sigma Investments LP increased its holdings in shares of L.B. Foster by 16.0% in the fourth quarter. Two Sigma Investments LP now owns 16,582 shares of the basic materials company’s stock valued at $264,000 after purchasing an additional 2,291 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of L.B. Foster by 4.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,775 shares of the basic materials company’s stock valued at $807,000 after purchasing an additional 2,300 shares during the period. Finally, Ramsey Quantitative Systems increased its holdings in shares of L.B. Foster by 80.2% in the fourth quarter. Ramsey Quantitative Systems now owns 7,144 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 3,180 shares during the period. 65.98% of the stock is currently owned by institutional investors and hedge funds.

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 for passenger and shortline freight railroads, industrial companies, and rail contractors; used rail; rail accessories, such as track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.

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