Homestead Advisers Corp Purchases 4,200 Shares of Federal Signal Corporation (NYSE:FSS)

Homestead Advisers Corp lifted its position in Federal Signal Corporation (NYSE:FSS - Free Report) by 4.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,294 shares of the conglomerate's stock after purchasing an additional 4,200 shares during the quarter. Homestead Advisers Corp owned 0.16% of Federal Signal worth $7,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Federal Signal in the 1st quarter worth about $553,000. GW&K Investment Management LLC boosted its holdings in shares of Federal Signal by 0.7% in the 1st quarter. GW&K Investment Management LLC now owns 544,463 shares of the conglomerate's stock worth $40,045,000 after purchasing an additional 3,734 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Federal Signal by 119.2% during the 1st quarter. Allianz Asset Management GmbH now owns 5,700 shares of the conglomerate's stock valued at $419,000 after acquiring an additional 3,100 shares during the period. MQS Management LLC purchased a new stake in Federal Signal during the 1st quarter valued at about $304,000. Finally, Mutual of America Capital Management LLC boosted its holdings in Federal Signal by 4.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 104,238 shares of the conglomerate's stock valued at $7,667,000 after acquiring an additional 4,684 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FSS shares. Raymond James Financial set a $120.00 target price on Federal Signal and gave the company an "outperform" rating in a report on Monday, June 30th. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Finally, DA Davidson increased their target price on Federal Signal from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday.

Federal Signal Trading Up 0.6%

NYSE FSS traded up $0.65 on Friday, hitting $108.13. The company's stock had a trading volume of 179,314 shares, compared to its average volume of 551,645. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $114.40. 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 company's 50-day simple moving average is $102.59 and its 200 day simple moving average is $91.56. The firm has a market cap of $6.59 billion, a P/E ratio of 31.62, a PEG ratio of 2.02 and a beta of 1.27.

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

Federal Signal declared that its Board of Directors has initiated a stock repurchase program on Tuesday, April 22nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the conglomerate to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Friday, August 15th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, August 15th. Federal Signal's dividend payout ratio (DPR) is currently 16.37%.

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.