Foster L B Co: Legion Partners Asset Management Disclosed Stake

March 14, 2018 - By Linda Rogers

 Foster L B Co: Legion Partners Asset Management Disclosed Stake

Investors sentiment increased to 1.96 in Q3 2017. Its up 0.08, from 1.88 in 2017Q2. It increased, as 4 investors sold L.B. Foster Company shares while 21 reduced holdings. 19 funds opened positions while 30 raised stakes. 5.49 million shares or 1.58% more from 5.41 million shares in 2017Q2 were reported.

Morgan Dempsey Cap Limited Liability holds 0.6% of its portfolio in L.B. Foster Company (NASDAQ:FSTR) for 79,317 shares. D E Shaw And invested in 0.01% or 148,801 shares. Connor Clark And Lunn Invest Ltd owns 0.01% invested in L.B. Foster Company (NASDAQ:FSTR) for 58,250 shares. Moreover, Sei Invests has 0% invested in L.B. Foster Company (NASDAQ:FSTR) for 469 shares. Wellington Mngmt Grp Inc Ltd Liability Partnership invested 0% of its portfolio in L.B. Foster Company (NASDAQ:FSTR). 10,185 were accumulated by Tudor Et Al. Renaissance Technology Ltd Liability has invested 0.01% of its portfolio in L.B. Foster Company (NASDAQ:FSTR). Federated Invsts Pa stated it has 0% of its portfolio in L.B. Foster Company (NASDAQ:FSTR). Royal Commercial Bank Of Canada reported 0% stake. Teton Advsrs Inc stated it has 0.2% of its portfolio in L.B. Foster Company (NASDAQ:FSTR). Savings Bank Of America Corporation De invested in 35,933 shares or 0% of the stock. Wealthtrust Axiom has invested 0.2% of its portfolio in L.B. Foster Company (NASDAQ:FSTR). Thomson Horstmann & Bryant has 0.37% invested in L.B. Foster Company (NASDAQ:FSTR) for 118,528 shares. Bridgeway holds 123,300 shares or 0.03% of its portfolio. Shell Asset Mngmt invested in 0.01% or 11,553 shares.

The New Legion Partners Asset Management Holding in Foster L B Co

Legion Partners Asset Management reported SC 13D/A form with the SEC for Foster L B Co. Access it here: 000156020718000009. As reported by Legion Partners Asset Management, the filler owns 15.42% or 1,595,621 shares of the Industrials–company.

Foster L B Co stake is new for [reportingPerson]. Date of activity: March 14, 2018. This shows Legion Partners Asset Management’s positive view for Foster L B Co.

Foster L B Co Institutional Sentiment

Filings show 79 investors own Foster L B Co. The ownership in Q3 2017 is high, at 53.08 % of the outstanding shares. This is increased by 309846. 5493694 were owned by these investors. 19 funds opened new Foster L B Co stakes, 30 increased positions. There were 4 that closed positions and 21 reduced them.

Snow Capital Management Lp is an investor bullish on Foster L B Co, owning 142072 shares as of Q3 2017 for 0.16% of its portfolio. Morgan Dempsey Capital Management Llc owns 79317 shares or 0.60% of its portfolio. PA Minerva Advisors Llc have 1.23% of its portfolio for 102232 shares. Further, First Wilshire Securities Management Inc reported stake worth 0.95% of its portfolio. The PA Quaker Capital Investments Llc owns 25000 shares. Foster L B Co is 0.18% of its portfolio.

Business Profile

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. The Rail segment designs and produces concrete railroad ties, insulated rail joints, power rail, track fasteners, coverboards and special accessories for mass transit and other rail systems. The Construction Products segment sells and rents steel sheet piling, H-bearing pile and other piling products for foundation and earth retention requirements. The Tubular and Energy Services segment supplies pipe coatings for natural gas pipelines and utilities, blending, injection and metering equipment for the oil and gas market, and produces threaded pipe products for industrial water well and irrigation markets.

SEC Form 13D.

The stock decreased 3.69% or $0.95 during the last trading session, reaching $24.8. About 71,120 shares traded or 62.50% up from the average. L.B. Foster Company (NASDAQ:FSTR) has risen 54.61% since March 14, 2017 and is uptrending. It has outperformed by 37.91% the S&P500.

L.B. Foster Company manufactures and distributes services and products for the transportation and energy infrastructure worldwide. The company has market cap of $256.59 million. The Company’s Rail Products and Services segment offers new rail primarily for passenger and shortline freight railroads, industrial companies, and rail contractors; used rail; rail accessories, such as track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories. It has a 63.59 P/E ratio. This segment also provides friction management products and application systems, railroad condition monitoring equipment, wheel impact load detection, railroad condition monitoring systems, rail anchors and spikes, and wayside data collection and management systems; and concrete railroad ties, as well as electronic track lubrication and maintenance services.

L.B. Foster Company (NASDAQ:FSTR) Ratings Coverage

Among 3 analysts covering LB Foster Co (NASDAQ:FSTR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. LB Foster Co had 3 analyst reports since September 11, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Macquarie Research given on Friday, September 11. The firm earned “Neutral” rating on Wednesday, May 4 by DA Davidson.

More notable recent L.B. Foster Company (NASDAQ:FSTR) news were published by: which released: “LB Foster: Complete Turnaround” on November 09, 2017, also with their article: “LB Foster’s (FSTR) Q4 Earnings & Revenues Improve Y/Y” published on March 01, 2018, published: “LB Foster names new CFO” on August 24, 2017. More interesting news about L.B. Foster Company (NASDAQ:FSTR) were released by: and their article: “LB Foster’s (FSTR) CEO Robert Bauer on Q3 2017 Results – Earnings Call Transcript” published on November 08, 2017 as well as‘s news article titled: “LB Foster – Prices Have Recovered But Remain Undervalued” with publication date: July 23, 2017.

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