Brokerages Set Federal Signal Corporation (NYSE:FSS) Target Price at $123.00

Shares of Federal Signal Corporation (NYSE:FSS) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $123.00.

FSS has been the topic of several analyst reports. Zacks Research cut Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Federal Signal in a research report on Monday.

Insider Buying and Selling at Federal Signal

In other news, COO Mark Weber sold 51,187 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $111.56, for a total value of $5,710,421.72. Following the completion of the sale, the chief operating officer owned 73,874 shares in the company, valued at approximately $8,241,383.44. This trade represents a 40.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FSS. EverSource Wealth Advisors LLC lifted its holdings in Federal Signal by 140.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after buying an additional 142 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Federal Signal by 3,100.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 248 shares during the period. Physician Wealth Advisors Inc. raised its stake in shares of Federal Signal by 47.0% during the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 93 shares in the last quarter. MAI Capital Management raised its stake in shares of Federal Signal by 1,003.8% during the second quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 261 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in shares of Federal Signal by 50.0% in the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after purchasing an additional 100 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Trading Down 1.6%

FSS stock opened at $109.50 on Monday. The firm has a fifty day moving average price of $114.38 and a 200 day moving average price of $115.22. Federal Signal has a fifty-two week low of $66.47 and a fifty-two week high of $132.89. The firm has a market cap of $6.66 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.25 and a current ratio of 2.61.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $555.00 million during the quarter, compared to analysts’ expectations of $545.19 million. Federal Signal had a net margin of 11.47% and a return on equity of 19.50%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted $0.87 EPS. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Sell-side analysts anticipate that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th were given a dividend of $0.14 per share. The ex-dividend date was Friday, November 14th. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s payout ratio is 14.62%.

About Federal Signal

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.