Vaughan Nelson Investment Management L.P. Boosts Stock Position in Federal Signal Corporation $FSS

Vaughan Nelson Investment Management L.P. boosted its holdings in Federal Signal Corporation (NYSE:FSS) by 32.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 469,240 shares of the conglomerate’s stock after purchasing an additional 113,790 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.77% of Federal Signal worth $49,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its position in Federal Signal by 47.0% in the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 93 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Federal Signal in the first quarter worth $29,000. Bessemer Group Inc. boosted its position in Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 185 shares during the last quarter. Signaturefd LLC lifted its position in shares of Federal Signal by 46.3% during the 2nd quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock valued at $70,000 after buying an additional 209 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in shares of Federal Signal by 29.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock valued at $91,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FSS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federal Signal in a research report on Saturday, September 27th. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Raymond James Financial upped their price target on Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. DA Davidson upped their price target on Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Finally, CJS Securities reaffirmed a “market perform” rating and set a $125.00 price target on shares of Federal Signal in a research report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Federal Signal currently has an average rating of “Hold” and a consensus target price of $123.00.

Federal Signal Stock Performance

Shares of FSS opened at $118.61 on Friday. The stock’s 50-day simple moving average is $123.92 and its 200 day simple moving average is $102.81. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $130.30.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $564.60 million for the quarter, compared to analysts’ expectations of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Research analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Friday, August 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, August 15th. Federal Signal’s dividend payout ratio is currently 15.60%.

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.