Kennedy Capital Management Inc. reduced its holdings in L.B. Foster Co (NASDAQ:FSTR) by 12.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 280,866 shares of the basic materials company’s stock after selling 41,011 shares during the quarter. Kennedy Capital Management Inc. owned approximately 2.72% of L.B. Foster worth $7,626,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC bought a new stake in L.B. Foster in the 2nd quarter valued at about $312,000. TIAA CREF Investment Management LLC bought a new stake in shares of L.B. Foster during the 2nd quarter worth about $471,000. New York State Common Retirement Fund bought a new stake in shares of L.B. Foster during the 2nd quarter worth about $191,000. Northern Trust Corp raised its position in shares of L.B. Foster by 219.5% during the 2nd quarter. Northern Trust Corp now owns 109,137 shares of the basic materials company’s stock worth $2,341,000 after buying an additional 74,981 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of L.B. Foster by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 531,038 shares of the basic materials company’s stock worth $11,391,000 after buying an additional 29,069 shares in the last quarter. Institutional investors own 72.03% of the company’s stock.
A number of research firms have commented on FSTR. TheStreet upgraded shares of L.B. Foster from a “d+” rating to a “c” rating in a research report on Wednesday, February 28th. ValuEngine raised shares of L.B. Foster from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, BidaskClub cut shares of L.B. Foster from a “buy” rating to a “hold” rating in a research note on Friday, January 19th.
L.B. Foster (NASDAQ:FSTR) last released its earnings results on Tuesday, February 27th. The basic materials company reported $0.48 earnings per share for the quarter. L.B. Foster had a net margin of 0.77% and a return on equity of 6.37%. The business had revenue of $141.32 million for the quarter.
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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