Empowered Funds LLC Buys Shares of 30,054 Federal Signal Corporation $FSS

Empowered Funds LLC bought a new position in shares of Federal Signal Corporation (NYSE:FSS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,054 shares of the conglomerate’s stock, valued at approximately $3,862,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Federal Signal in the second quarter valued at approximately $1,236,004,000. Wasatch Advisors LP bought a new stake in shares of Federal Signal during the third quarter worth $174,476,000. Norges Bank bought a new stake in shares of Federal Signal during the fourth quarter worth $98,257,000. Bank of America Corp DE bought a new stake in shares of Federal Signal during the second quarter worth $78,503,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Federal Signal during the first quarter worth $57,749,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on FSS shares. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Citigroup began coverage on Federal Signal in a research note on Monday, August 17th. They issued a “buy” rating and a $150.00 price target on the stock. Finally, Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $140.50.

Federal Signal Stock Performance

Shares of FSS stock opened at $113.60 on Wednesday. Federal Signal Corporation has a 12 month low of $101.18 and a 12 month high of $134.51. The company’s fifty day simple moving average is $122.48 and its 200-day simple moving average is $116.42. The firm has a market cap of $6.93 billion, a PE ratio of 24.48, a P/E/G ratio of 1.60 and a beta of 1.23. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30.

Federal Signal (NYSE:FSS) last released its earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.13. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The business had revenue of $670.20 million during the quarter, compared to the consensus estimate of $667.04 million. During the same quarter last year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Equities research analysts expect that Federal Signal Corporation will post 5.23 EPS for the current fiscal year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Friday, August 14th were issued a $0.15 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is presently 12.93%.

Insider Buying and Selling at Federal Signal

In related news, VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total value of $1,937,816.64. Following the sale, the vice president owned 15,689 shares of the company’s stock, valued at approximately $2,046,473.16. The trade was a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by insiders.

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.