10 Best Industrial Stocks to Buy for the 2026 Infrastructure Boom

7. L.B. Foster Company (NASDAQ:FSTR)

Short % of Shares Outstanding: 1.09%

L.B. Foster Company (NASDAQ:FSTR) reaffirmed its fiscal 2026 adjusted EBITDA guidance of $41 million to $46 million on May 4 as management expressed optimism regarding the company’s operating momentum and project pipeline. CEO John Kasel stated that although first-quarter backlog declined year over year, order rates improved significantly during the latter half of the quarter, resulting in sequential backlog growth. Management also highlighted robust project bidding activity, continued support from government infrastructure funding programs, and early signs of operational improvements within the company’s UK Rail business. The company further noted that its guidance assumes the current geopolitical environment does not materially disrupt the broader domestic economy.

Earlier, on March 4, B. Riley analyst Liam Burke raised the firm’s price target on L.B. Foster Company (NASDAQ:FSTR) to $32 from $27 while maintaining a Neutral rating on the shares. The analyst noted that fourth-quarter revenue of $160.4 million and adjusted EBITDA of $13.7 million benefited from disciplined cost controls that helped offset pressure from lower gross margins. The revised target reflects improving confidence in the company’s operational execution and infrastructure-related end-market exposure.

L.B. Foster Company (NASDAQ:FSTR) is a global technology solutions provider focused on manufacturing, fabricating, and distributing products serving rail, construction, energy, and utility infrastructure markets. Founded in 1902 and headquartered in Pittsburgh, the company supplies engineered products and services designed to support transportation systems, civil infrastructure, and industrial operations. Its long operating history and diversified infrastructure exposure position it as a key supplier within critical industrial markets.

Continued infrastructure spending activity and strengthening order trends could support earnings growth and backlog expansion throughout 2026.