B. Riley Begins Coverage on L.B. Foster (NASDAQ:FSTR)

B. Riley started coverage on shares of L.B. Foster (NASDAQ:FSTR) in a research note issued to investors on Thursday. The brokerage set a “neutral” rating and a $25.00 price target on the basic materials company’s stock. B. Riley’s target price would suggest a potential upside of 24.50% from the stock’s current price. B. Riley also issued estimates for L.B. Foster’s Q3 2025 earnings at $0.63 EPS.

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

L.B. Foster Stock Performance

Shares of FSTR opened at $20.08 on Thursday. The company’s 50 day simple moving average is $24.98 and its 200-day simple moving average is $24.17. The firm has a market cap of $215.92 million, a PE ratio of 5.16 and a beta of 0.97. L.B. Foster has a 12-month low of $14.23 and a 12-month high of $30.77. The company has a current ratio of 2.27, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37.

L.B. Foster announced that its board has authorized a share repurchase program on Tuesday, March 4th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the basic materials company to purchase up to 16.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FSTR. Hillsdale Investment Management Inc. acquired a new stake in shares of L.B. Foster during the fourth quarter worth $1,784,000. Lazard Asset Management LLC acquired a new position in L.B. Foster in the 4th quarter valued at $349,000. De Lisle Partners LLP raised its position in L.B. Foster by 11.9% during 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 last quarter. BNP Paribas Financial Markets lifted its stake in shares of 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 acquiring an additional 4,225 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of L.B. Foster by 129.1% in the third quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 3,003 shares in the last quarter. Institutional investors and hedge funds 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.