Mutual of America Capital Management LLC Raises Stock Position in Federal Signal Corporation $FSS

Key Points

• Mutual of America Capital Management LLC increased its stake in Federal Signal Corporation by 3.8% during the second quarter, owning 108,230 shares valued at approximately $11.5 million.
• Federal Signal reported earnings per share (EPS) of $1.17 for the last quarter, surpassing analysts' estimates, and achieved a revenue of $564.6 million, up 15.1% compared to the previous year.
• The company declared a quarterly dividend of $0.14 per share, representing an annual yield of 0.5% and a payout ratio of 15.6%.

Mutual of America Capital Management LLC increased its stake in Federal Signal Corporation (NYSE:FSS - Free Report) by 3.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,230 shares of the conglomerate's stock after purchasing an additional 3,992 shares during the quarter. Mutual of America Capital Management LLC owned 0.18% of Federal Signal worth $11,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. boosted its holdings in Federal Signal by 47.0% in the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate's stock worth $31,000 after purchasing an additional 93 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Federal Signal by 0.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 17,918 shares of the conglomerate's stock worth $1,907,000 after acquiring an additional 106 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Federal Signal by 16.9% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock worth $82,000 after acquiring an additional 162 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of 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 acquiring an additional 185 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Federal Signal by 29.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate's stock worth $91,000 after acquiring an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Stock Up 0.7%

Shares of FSS stock opened at $120.54 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.14 and a beta of 1.29. The company's fifty day moving average price is $123.41 and its 200-day moving average price is $106.12. Federal Signal Corporation has a one year low of $66.47 and a one year high of $130.30.

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

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Friday, August 15th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, August 15th. Federal Signal's payout ratio is currently 15.60%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FSS. DA Davidson lifted their price target on shares of Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Raymond James Financial lifted their price target on shares of Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. CJS Securities reiterated a "market perform" rating and set a $125.00 price target on shares of Federal Signal in a research note on Thursday, July 31st. Finally, Zacks Research cut shares of Federal Signal from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $123.00.

Federal Signal 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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