Shares of Federal Signal Co. (NYSE:FSS - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $102.44 and last traded at $102.15, with a volume of 81403 shares traded. The stock had previously closed at $100.73.
Analysts Set New Price Targets
FSS has been the subject of several research reports. Wall Street Zen lowered Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James decreased their price objective on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, April 14th. DA Davidson boosted their target price on shares of Federal Signal from $82.00 to $84.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, KeyCorp raised shares of Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 target price on the stock in a research report on Monday, May 12th.
View Our Latest Stock Report on FSS
Federal Signal Stock Up 0.3%
The company has a market cap of $6.07 billion, a P/E ratio of 28.84, a P/E/G ratio of 1.85 and a beta of 1.26. The company's 50-day moving average is $86.73 and its two-hundred day moving average is $89.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.
Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $463.80 million during the quarter, compared to analyst estimates of $462.63 million. During the same quarter last year, the company earned $0.64 EPS. The company's quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, May 16th. Federal Signal's payout ratio is currently 16.37%.
Federal Signal announced that its Board of Directors has approved a share buyback plan on Tuesday, April 22nd that allows the company to buyback $150.00 million in shares. This buyback authorization allows the conglomerate to purchase up to 3.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.
Institutional Investors Weigh In On Federal Signal
Hedge funds and other institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in Federal Signal in the first quarter worth about $29,000. Bessemer Group Inc. increased its holdings in Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after acquiring an additional 185 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Federal Signal by 201.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after acquiring an additional 440 shares in the last quarter. Signaturefd LLC raised its stake in Federal Signal by 37.4% during the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after acquiring an additional 165 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after purchasing an additional 145 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
About Federal Signal
(
Get Free Report)
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.
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