Federal Signal (NYSE:FSS) Price Target Raised to $120.00

Federal Signal (NYSE:FSS - Free Report) had its price target boosted by Raymond James Financial from $100.00 to $120.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the conglomerate's stock.

A number of other equities research analysts have also issued reports on FSS. DA Davidson lifted their target price on Federal Signal from $84.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, June 24th. KeyCorp upgraded shares of Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price objective on the stock in a report on Monday, May 12th.

Federal Signal Trading Up 0.3%

Federal Signal stock traded up $0.30 during midday trading on Monday, hitting $106.72. 341,532 shares of the stock were exchanged, compared to its average volume of 453,923. The stock has a market capitalization of $6.51 billion, a PE ratio of 31.20, a P/E/G ratio of 1.95 and a beta of 1.26. The company has a fifty day simple moving average of $93.57 and a two-hundred day simple moving average of $89.49. The company has a quick ratio of 1.09, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. Federal Signal has a 52 week low of $66.47 and a 52 week high of $109.69.

Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, topping the consensus estimate of $0.73 by $0.03. The firm had revenue of $463.80 million for the quarter, compared to the consensus estimate of $462.63 million. Federal Signal had a net margin of 11.10% and a return on equity of 18.44%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. Equities research analysts anticipate that Federal Signal will post 3.34 EPS for the current fiscal year.

Federal Signal declared that its board has authorized a share buyback plan on Tuesday, April 22nd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the conglomerate to purchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.56 annualized dividend and a yield of 0.52%. Federal Signal's dividend payout ratio (DPR) is presently 16.37%.

Institutional Investors Weigh In On Federal Signal

Institutional investors and hedge funds have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new stake in Federal Signal in the first quarter valued at $29,000. Bessemer Group Inc. lifted its stake in Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 185 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in Federal Signal by 201.8% during the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after purchasing an additional 440 shares during the period. Signaturefd LLC increased its position in Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after buying an additional 165 shares during the last quarter. Finally, CoreCap Advisors LLC raised its stake in Federal Signal by 19.9% in the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after buying an additional 145 shares during the period. Institutional investors own 92.73% of the company's stock.

Federal Signal Company 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.