Ian A. Hudson Sells 9,343 Shares of Federal Signal Co. (NYSE:FSS) Stock

Posted by Defense World Staff on May 9th, 2023

Federal Signal Co. (NYSE:FSS – Get Rating) CFO Ian A. Hudson sold 9,343 shares of Federal Signal stock in a transaction on Monday, May 8th. The shares were sold at an average price of $52.53, for a total value of $490,787.79. Following the transaction, the chief financial officer now owns 70,651 shares in the company, valued at $3,711,297.03. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Federal Signal Stock Up 0.5 %

Shares of Federal Signal stock opened at $52.98 on Tuesday. The stock has a market capitalization of $3.23 billion, a P/E ratio of 25.35 and a beta of 1.08. Federal Signal Co. has a 12-month low of $31.86 and a 12-month high of $58.15. The company has a quick ratio of 1.32, a current ratio of 2.79 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $52.45 and a two-hundred day moving average price of $50.27.

Federal Signal (NYSE:FSS – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The conglomerate reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Federal Signal had a return on equity of 15.06% and a net margin of 8.54%. The company had revenue of $385.50 million during the quarter, compared to analyst estimates of $370.61 million. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts expect that Federal Signal Co. will post 2.33 earnings per share for the current year.

Federal Signal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 19th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from Federal Signal’s previous quarterly dividend of $0.09. Federal Signal’s dividend payout ratio is currently 19.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in Federal Signal by 6.7% during the first quarter. Federated Hermes Inc. now owns 70,139 shares of the conglomerate’s stock worth $3,802,000 after purchasing an additional 4,415 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Federal Signal by 10.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,027 shares of the conglomerate’s stock valued at $544,000 after acquiring an additional 985 shares during the period. MQS Management LLC bought a new position in shares of Federal Signal in the first quarter valued at approximately $213,000. Ifrah Financial Services Inc. bought a new position in shares of Federal Signal in the first quarter valued at approximately $221,000. Finally, Barclays PLC raised its holdings in shares of Federal Signal by 13.7% in the first quarter. Barclays PLC now owns 48,796 shares of the conglomerate’s stock valued at $2,644,000 after buying an additional 5,873 shares during the last quarter. 89.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Sidoti cut shares of Federal Signal from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research note on Thursday, February 23rd. DA Davidson lifted their target price on shares of Federal Signal from $54.00 to $68.00 in a research report on Thursday, March 2nd. Raymond James lifted their price target on Federal Signal from $57.00 to $68.00 and gave the company a “strong-buy” rating in a report on Thursday, March 2nd. Finally, StockNews.com downgraded Federal Signal from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.25.

Federal Signal Company Profile

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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.