Federal Signal (NYSE:FSS) Reaches New 52-Week High After Dividend Announcement

Federal Signal Corporation (NYSE:FSS)’s share price reached a new 52-week high during trading on Wednesday after the company announced a dividend. The company traded as high as $130.39 and last traded at $130.1420, with a volume of 280579 shares traded. The stock had previously closed at $125.90.

The newly announced dividend which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, November 14th. Federal Signal’s dividend payout ratio is 15.60%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FSS. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. CJS Securities reaffirmed a “market perform” rating and set a $125.00 price target on shares of Federal Signal in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federal Signal in a research note on Wednesday, October 8th. DA Davidson upped their price target on Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Federal Signal in a research note on Friday, July 11th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $123.00.

Federal Signal Trading Up 3.3%

The stock has a market capitalization of $7.90 billion, a PE ratio of 36.21, a P/E/G ratio of 2.24 and a beta of 1.29. The firm has a 50 day moving average price of $123.07 and a 200 day moving average price of $109.03. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. The firm had revenue of $564.60 million during the quarter, compared to the consensus estimate of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. Equities analysts expect that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Institutional Trading of Federal Signal

Several institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in Federal Signal during the first quarter valued at $876,000. PNC Financial Services Group Inc. grew its holdings in Federal Signal by 29.1% during the first quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate’s stock valued at $741,000 after purchasing an additional 2,267 shares during the period. Bessemer Group Inc. grew its holdings in Federal Signal by 78.4% during the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 185 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Federal Signal by 66.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate’s stock valued at $814,000 after purchasing an additional 4,405 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Federal Signal by 2.3% during the first quarter. Principal Financial Group Inc. now owns 330,981 shares of the conglomerate’s stock valued at $24,344,000 after purchasing an additional 7,425 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.