Sound View Wealth Advisors Group LLC Sells 1,000 Shares of Federal Signal Corporation $FSS

Sound View Wealth Advisors Group LLC decreased its position in Federal Signal Corporation (NYSE:FSS) by 14.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,140 shares of the conglomerate’s stock after selling 1,000 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Federal Signal were worth $653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. grew its position in shares of Federal Signal by 47.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after buying an additional 93 shares during the period. Signaturefd LLC boosted its stake in Federal Signal by 46.3% during the second quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock worth $70,000 after acquiring an additional 209 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in Federal Signal by 29.3% in the second quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock worth $91,000 after purchasing an additional 193 shares during the period. Farther Finance Advisors LLC grew its holdings in Federal Signal by 280.9% in the second quarter. Farther Finance Advisors LLC now owns 1,135 shares of the conglomerate’s stock worth $121,000 after purchasing an additional 837 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Federal Signal by 41.2% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,580 shares of the conglomerate’s stock valued at $168,000 after purchasing an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Down 0.4%

Shares of Federal Signal stock opened at $110.55 on Monday. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $132.89. The company’s 50 day moving average is $121.32 and its 200 day moving average is $111.19.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The business had revenue of $555.00 million for the quarter, compared to analysts’ expectations of $545.19 million. During the same quarter last year, the company posted $0.87 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Research analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, November 14th. This represents a $0.56 annualized dividend and a yield of 0.5%. Federal Signal’s payout ratio is 14.62%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Federal Signal in a research note on Wednesday, October 8th. CJS Securities reissued a “market perform” rating and issued a $125.00 target price on shares of Federal Signal in a report on Thursday, July 31st. DA Davidson raised their price target on Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.