Heartwood Wealth Advisors LLC Invests $266,000 in Federal Signal Corporation $FSS

Key Points

• Heartwood Wealth Advisors LLC invested approximately $266,000 in Federal Signal Corporation, acquiring 2,500 shares in the second quarter.
• Federal Signal reported $1.17 earnings per share (EPS) for the last quarter, exceeding analysts' expectations by $0.11 and reflecting a 15.1% year-over-year revenue growth.
• The company has a current market capitalization of $7.63 billion and recently declared a quarterly dividend of $0.14 per share, representing an annualized yield of 0.4%.

Heartwood Wealth Advisors LLC acquired a new stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,500 shares of the conglomerate's stock, valued at approximately $266,000.

A number of other large investors have also added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Federal Signal in the first quarter worth $29,000. Bessemer Group Inc. boosted its stake 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 purchasing an additional 185 shares in the last quarter. Harbor Investment Advisory LLC grew 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 valued at $48,000 after purchasing an additional 440 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in Federal Signal by 16.9% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock valued at $82,000 after purchasing an additional 162 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in Federal Signal by 21.4% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the conglomerate's stock valued at $125,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Trading Down 1.8%

NYSE:FSS opened at $125.54 on Monday. The company has a market cap of $7.63 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 2.23 and a beta of 1.32. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $119.85 and a two-hundred day simple moving average of $98.60. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.11. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The firm had revenue of $564.60 million for the quarter, compared to the consensus estimate of $537.24 million. During the same period last year, the business posted $0.95 EPS. The company's revenue for the quarter was up 15.1% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Research analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Friday, August 15th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, August 15th. Federal Signal's payout ratio is currently 15.60%.

Analysts Set New Price Targets

FSS has been the topic of several analyst reports. CJS Securities reiterated a "market perform" rating and issued a $125.00 target price on shares of Federal Signal in a research note on Thursday, July 31st. Wall Street Zen raised Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. DA Davidson increased their target price on Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Finally, Raymond James Financial upped their price target on Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $123.00.

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.

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