Carderock Capital Management Inc. Buys 40,572 Shares of Federal Signal Corporation $FSS

Carderock Capital Management Inc. increased its stake in shares of Federal Signal Corporation (NYSE:FSS) by 118.6% in the second quarter, Holdings Channel.com reports. The firm owned 74,774 shares of the conglomerate’s stock after buying an additional 40,572 shares during the quarter. Federal Signal comprises approximately 2.1% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 18th biggest position. Carderock Capital Management Inc.’s holdings in Federal Signal were worth $9,608,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wasatch Advisors LP bought a new stake in shares of Federal Signal during the third quarter worth $174,476,000. Norges Bank acquired a new stake in shares of Federal Signal during the 4th quarter valued at $98,257,000. Vaughan Nelson Investment Management L.P. bought a new stake in Federal Signal during the 1st quarter worth $57,749,000. Invesco Ltd. increased its holdings in Federal Signal by 16.0% in the 3rd quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock worth $234,095,000 after purchasing an additional 271,878 shares in the last quarter. Finally, UBS Group AG raised its position in Federal Signal by 77.0% in the third quarter. UBS Group AG now owns 609,582 shares of the conglomerate’s stock valued at $72,534,000 after purchasing an additional 265,145 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. KeyCorp restated an “overweight” rating and set a $140.00 price target on shares of Federal Signal in a report on Thursday, April 30th. DA Davidson boosted their target price on shares of Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Wall Street Zen cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $137.33.

Federal Signal Trading Up 2.3%

FSS opened at $132.06 on Wednesday. Federal Signal Corporation has a twelve month low of $101.18 and a twelve month high of $134.51. The company has a fifty day moving average of $117.80 and a 200-day moving average of $115.07. The stock has a market cap of $8.06 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. 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 (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.13. The business had revenue of $670.20 million for the quarter, compared to analyst estimates of $667.04 million. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. Federal Signal’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 earnings per share. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. On average, sell-side analysts predict that Federal Signal Corporation will post 5.23 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be given a $0.15 dividend. The ex-dividend date of this dividend is 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 12.93%.

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.