L.B. Foster Trades Close to 52-Week High; Backlog Figure Draws Traders’ Attention
L.B. Foster closed Thursday at $40.40, up 1.08% and near its 52-week high after more than doubling from its low. First-quarter net sales rose 23.9% to $121.1 million, with rail revenue up 38.4%. Recent filings include a Form SD and insider ownership updates posted this week. Analysts flagged freight and fuel costs but noted strong rail momentum.