The L.B. Foster Co. (FSTR) Shares Gap Up Following Insider Buying Activity

The L.B. Foster Co. (FSTR) Shares Gap Up  Following Insider Buying Activity

L.B. Foster Co. (NASDAQ:FSTR)’s share price gapped up prior to trading on Monday after an insider bought additional shares in the company. The stock had previously closed at $12.06, but opened at $12.10. L.B. Foster shares last traded at $12.85, with a volume of 37,029 shares.

Specifically, Director Robert S. Purgason purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were bought at an average price of $11.24 per share, with a total value of $112,400.00. Following the completion of the transaction, the director now directly owns 27,915 shares in the company, valued at approximately $313,764.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bradley Vizi purchased 13,397 shares of the business’s stock in a transaction on Friday, October 14th. The shares were purchased at an average cost of $11.99 per share, for a total transaction of $160,630.03. The disclosure for this purchase can be found here. Corporate insiders own 15.20% of the company’s stock.

The stock’s market cap is $133.42 million. The company has a 50-day moving average of $11.86 and a 200-day moving average of $12.71.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.30. The firm had revenue of $136 million for the quarter, compared to analyst estimates of $152.65 million. L.B. Foster had a positive return on equity of 1.90% and a negative net margin of 25.79%. The business’s revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. On average, equities research analysts expect that L.B. Foster Co. will post ($0.36) EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.32%. L.B. Foster’s dividend payout ratio (DPR) is currently -1.10%.

Large investors have recently bought and sold shares of the stock. Algert Global LLC bought a new stake in L.B. Foster during the third quarter worth about $129,000. Numeric Investors LLC bought a new stake in L.B. Foster during the second quarter worth about $583,000. AQR Capital Management LLC raised its stake in L.B. Foster by 199.2% in the second quarter. AQR Capital Management LLC now owns 84,001 shares of the company’s stock worth $915,000 after buying an additional 55,927 shares during the period. Parametric Portfolio Associates LLC raised its stake in L.B. Foster by 2.8% in the second quarter. Parametric Portfolio Associates LLC now owns 308,097 shares of the company’s stock worth $3,355,000 after buying an additional 8,270 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in L.B. Foster during the second quarter worth about $127,000. Institutional investors and hedge funds own 58.28% of the company’s stock.

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