Federal Signal (NYSE:FSS - Free Report) had its target price raised by DA Davidson from $84.00 to $96.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the conglomerate's stock.
Several other brokerages have also weighed in on FSS. Raymond James Financial lowered 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. KeyCorp upgraded Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price target for the company in a report on Monday, May 12th. Finally, Wall Street Zen lowered Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.
View Our Latest Stock Report on FSS
Federal Signal Stock Down 0.5%
Shares of FSS traded down $0.57 during trading on Tuesday, reaching $104.32. The company's stock had a trading volume of 309,800 shares, compared to its average volume of 529,395. Federal Signal has a twelve month low of $66.47 and a twelve month high of $106.07. The company has a quick ratio of 1.09, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 1.92 and a beta of 1.26. The company has a fifty day moving average of $92.31 and a two-hundred day moving average of $89.48.
Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, beating analysts' consensus estimates 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 firm's revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. On average, sell-side analysts predict that Federal Signal will post 3.34 EPS for the current fiscal year.
Federal Signal declared that its Board of Directors has approved 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 stock is undervalued.
Federal Signal Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid 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 0.54%. Federal Signal's dividend payout ratio (DPR) is 16.37%.
Hedge Funds Weigh In On Federal Signal
Several institutional investors have recently made changes to their positions in FSS. CoreCap Advisors LLC boosted its position in Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after purchasing an additional 145 shares during the period. Arizona State Retirement System lifted its stake in Federal Signal by 0.9% in the fourth quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock valued at $1,640,000 after buying an additional 152 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Federal Signal by 16.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock valued at $82,000 after acquiring an additional 162 shares during the period. Signaturefd LLC grew its position in shares of Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after acquiring an additional 165 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Federal Signal by 15.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after acquiring an additional 181 shares during the period. 92.73% of the stock is owned by institutional investors.
About Federal Signal
(
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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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