Federal Signal Corporation (NYSE:FSS - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $111.08 and last traded at $110.00, with a volume of 104062 shares. The stock had previously closed at $110.79.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. KeyCorp raised Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price target for the company in a research report on Monday, May 12th. DA Davidson upped their price target on Federal Signal from $84.00 to $96.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 24th. Finally, Raymond James Financial set a $120.00 price objective on Federal Signal and gave the stock an "outperform" rating in a research note on Monday, June 30th.
View Our Latest Report on FSS
Federal Signal Trading Up 0.7%
The company has a market cap of $6.76 billion, a P/E ratio of 32.41, a PEG ratio of 2.07 and a beta of 1.27. The company has a current ratio of 2.39, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $97.16 and a 200-day moving average price of $90.09.
Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. Federal Signal had a return on equity of 18.44% and a net margin of 11.10%. The company had revenue of $463.80 million for the quarter, compared to analysts' expectations of $462.63 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business's revenue was up 9.2% compared to the same quarter last year. Analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.
Federal Signal Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, May 16th. Federal Signal's dividend payout ratio (DPR) is presently 16.37%.
Federal Signal announced that its board has authorized a share repurchase plan on Tuesday, April 22nd that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the conglomerate to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.
Institutional Investors Weigh In On Federal Signal
A number of large investors have recently added to or reduced their stakes in FSS. Opal Wealth Advisors LLC bought a new stake in Federal Signal in the 1st quarter valued at $29,000. Bessemer Group Inc. increased its position in Federal Signal by 78.4% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after buying an additional 185 shares during the period. Harbor Investment Advisory LLC increased its position in Federal Signal by 201.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after buying an additional 440 shares during the period. Signaturefd LLC increased its position 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 buying an additional 165 shares during the period. Finally, CoreCap Advisors LLC increased its position in Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after buying an additional 145 shares during the period. Institutional investors own 92.73% of the company's stock.
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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