WealthTrust Axiom LLC maintained its stake in L.B. Foster Company (NASDAQ:FSTR) during the second quarter, Holdings Channel reports. The firm owned 23,086 shares of the basic materials company’s stock at the end of the second quarter. WealthTrust Axiom LLC’s holdings in L.B. Foster were worth $495,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Legion Partners Asset Management LLC boosted its stake in L.B. Foster by 14.8% in the first quarter. Legion Partners Asset Management LLC now owns 1,512,726 shares of the basic materials company’s stock valued at $18,909,000 after buying an additional 195,313 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in L.B. Foster by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 501,969 shares of the basic materials company’s stock valued at $6,275,000 after buying an additional 14,556 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in L.B. Foster by 24.5% in the first quarter. Ameriprise Financial Inc. now owns 449,866 shares of the basic materials company’s stock valued at $5,521,000 after buying an additional 88,661 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its stake in L.B. Foster by 57.2% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 274,943 shares of the basic materials company’s stock valued at $3,436,000 after buying an additional 100,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in L.B. Foster by 2.5% in the first quarter. Renaissance Technologies LLC now owns 149,200 shares of the basic materials company’s stock valued at $1,865,000 after buying an additional 3,700 shares in the last quarter. 65.22% of the stock is owned by institutional investors and hedge funds.
L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.32. L.B. Foster had a negative return on equity of 27.36% and a negative net margin of 9.83%. The company had revenue of $144.86 million for the quarter.
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About L.B. Foster
L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.
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