Federal Signal (NYSE:FSS) Upgraded to Overweight at KeyCorp

KeyCorp upgraded shares of Federal Signal (NYSE:FSS) from a sector weight rating to an overweight rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The brokerage currently has $130.00 target price on the conglomerate’s stock.

FSS has been the subject of a number of other research reports. CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price for the company in a research report on Thursday, February 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Federal Signal currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.75.

Federal Signal Price Performance

NYSE FSS opened at $108.55 on Tuesday. Federal Signal has a fifty-two week low of $66.47 and a fifty-two week high of $132.89. The stock’s 50-day moving average is $114.60 and its two-hundred day moving average is $116.45. The firm has a market cap of $6.61 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.02 and a quick ratio of 1.35.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.08. Federal Signal had a return on equity of 20.14% and a net margin of 11.31%.The company had revenue of $597.10 million during the quarter, compared to the consensus estimate of $551.36 million. During the same quarter in the prior year, the company posted $0.87 EPS. The firm’s revenue was up 26.5% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. On average, analysts anticipate that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.6%. This is an increase from Federal Signal’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, March 13th. Federal Signal’s dividend payout ratio (DPR) is 13.97%.

Institutional Investors Weigh In On Federal Signal

A number of institutional investors have recently bought and sold shares of FSS. CW Advisors LLC bought a new stake in Federal Signal in the second quarter valued at about $6,426,000. Y Intercept Hong Kong Ltd bought a new position in Federal Signal during the third quarter worth about $3,745,000. Campbell & CO Investment Adviser LLC bought a new position in Federal Signal during the second quarter worth about $942,000. Entropy Technologies LP acquired a new stake in Federal Signal during the second quarter valued at approximately $1,385,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Federal Signal during the third quarter valued at approximately $2,124,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

About Federal Signal

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.