Guess Who Just Picked Up Foster L B Co. (NASDAQ:FSTR) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Foster L B Co. (NASDAQ:FSTR) reported that Legion Partners Asset Management, Llc. has picked up 924,480 of common stock as of 2017-03-10.

The acquisition brings the aggregate amount owned by Legion Partners Asset Management, Llc. to a total of 924,480 representing a 8.96% stake in the company.

For those not familiar with the company, 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.

A glance at Foster L B Co. (NASDAQ:FSTR)’s key stats reveals a current market capitalization of 143.95 Million based on 10.32 Million shares outstanding and a price at last close of $13.80 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-09, Vizi picked up 9,553 at a purchase price of $13.94. This brings their total holding to 924,480 as of the date of the filing.

On the sell side, the most recent transaction saw Fisher unload 2,000 shares at a sale price of $53.36. This brings their total holding to 11,227.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Foster L B Co. (NASDAQ:FSTR) as things move forward to see if its progress aligns with these transactions.

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