State of Wyoming bought a new stake in Federal Signal Corporation (NYSE:FSS – Free Report) during the 2nd quarter, Holdings Channel reports. The fund bought 6,986 shares of the conglomerate’s stock, valued at approximately $898,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of Federal Signal by 140.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 142 shares during the period. Palladiem LLC acquired a new position in Federal Signal during the fourth quarter valued at approximately $27,000. Physician Wealth Advisors Inc. grew its holdings in Federal Signal by 57.2% during the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 91 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Federal Signal by 3,100.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 248 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Federal Signal by 118.0% in the fourth quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 151 shares during the period. Institutional investors own 92.73% of the company’s stock.
Analysts Set New Price Targets
FSS has been the topic of a number of recent analyst reports. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. KeyCorp reiterated an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. Finally, DA Davidson boosted their target price on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Federal Signal presently has a consensus rating of “Moderate Buy” and an average price target of $137.33.
Federal Signal Trading Up 2.3%
Shares of NYSE:FSS opened at $125.90 on Friday. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 1.72 and a beta of 1.24. Federal Signal Corporation has a 12 month low of $101.18 and a 12 month high of $134.51. The company’s fifty day simple moving average is $120.72 and its 200 day simple moving average is $115.78. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30.
Federal Signal (NYSE:FSS – Get Free Report) last announced its earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. The firm had revenue of $670.20 million during the quarter, compared to analyst estimates of $667.04 million. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 EPS. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. As a group, research analysts forecast that Federal Signal Corporation will post 5.23 EPS for the current fiscal year.
Federal Signal Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 14th. Federal Signal’s payout ratio is 12.93%.
Insider Buying and Selling at Federal Signal
In other news, VP Diane Bonina sold 14,856 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the completion of the transaction, the vice president directly owned 15,689 shares of the company’s stock, valued at $2,046,473.16. This represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is owned by corporate insiders.
About Federal Signal
Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
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