Federal Signal (NYSE:FSS) Stock Price Up 5.3% – Time to Buy?

Federal Signal Co. (NYSE:FSS) shot up 5.3% during trading on Thursday . The stock traded as high as $84.55 and last traded at $84.22. 181,239 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 403,045 shares. The stock had previously closed at $79.98.

Analyst Ratings Changes

FSS has been the subject of several analyst reports. DA Davidson decreased their target price on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Raymond James reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Trading Down 0.8 %

The business has a 50 day moving average of $94.93 and a two-hundred day moving average of $92.71. The firm has a market cap of $4.95 billion, a P/E ratio of 23.49, a PEG ratio of 1.85 and a beta of 1.01. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a $0.14 dividend. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. Federal Signal’s dividend payout ratio is presently 16.23%.

Institutional Trading of Federal Signal

Several hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its position in Federal Signal by 73.5% during the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after buying an additional 183 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Federal Signal during the third quarter worth about $46,000. Signaturefd LLC raised its stake in Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 165 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in Federal Signal in the 3rd quarter valued at about $70,000. Finally, CoreCap Advisors LLC grew its position in shares of Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock worth $81,000 after purchasing an additional 145 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

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.