De Lisle Partners LLP Has $961,000 Position in L.B. Foster (NASDAQ:FSTR)

De Lisle Partners LLP increased its stake in shares of L.B. Foster (NASDAQ:FSTR) by 11.9% in the third quarter, Holdings Channel.com reports. The firm owned 46,944 shares of the basic materials company’s stock after buying an additional 5,000 shares during the quarter. De Lisle Partners LLP’s holdings in L.B. Foster were worth $961,000 at the end of the most recent reporting period.

Separately, Lazard Asset Management LLC grew its stake in shares of L.B. Foster by 760.1% during the first 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. Institutional investors own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FSTR shares. B. Riley increased their price target on L.B. Foster from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Singular Research upgraded L.B. Foster to a “strong-buy” rating in a research report on Monday, August 12th. Finally, StockNews.com upgraded L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th.

L.B. Foster Trading Down 0.1 %

Shares of NASDAQ FSTR opened at $28.30 on Friday. The firm has a 50 day moving average price of $21.46 and a two-hundred day moving average price of $22.12. The stock has a market cap of $306.49 million, a P/E ratio of 7.28 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 debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.27.

About L.B. Foster

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.