DA Davidson Has Lowered Expectations for Federal Signal (NYSE:FSS) Stock Price

Federal Signal (NYSE:FSS) had its price target decreased by investment analysts at DA Davidson from $94.00 to $90.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the conglomerate’s stock. DA Davidson’s target price points to a potential downside of 0.42% from the stock’s current price. DA Davidson also issued estimates for Federal Signal’s Q4 2024 earnings at $0.84 EPS, FY2024 earnings at $3.31 EPS and FY2025 earnings at $3.54 EPS.

Federal Signal Price Performance

NYSE:FSS opened at $90.38 on Tuesday. Federal Signal has a 52 week low of $62.99 and a 52 week high of $102.18. The stock’s fifty day moving average is $88.92 and its two-hundred day moving average is $88.69. The company has a market capitalization of $5.52 billion, a P/E ratio of 26.20 and a beta of 0.95. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Federal Signal’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Equities analysts expect that Federal Signal will post 3.35 EPS for the current year.

Insider Transactions at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the sale, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Federal Signal

Several large investors have recently added to or reduced their stakes in FSS. Assenagon Asset Management S.A. grew its stake in shares of Federal Signal by 113.4% in the third quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock worth $37,200,000 after acquiring an additional 211,555 shares in the last quarter. Millennium Management LLC grew its stake in Federal Signal by 77.8% during the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock worth $37,298,000 after purchasing an additional 195,017 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Federal Signal by 20.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock worth $76,340,000 after purchasing an additional 153,765 shares during the period. PineStone Asset Management Inc. acquired a new stake in Federal Signal in the 2nd quarter valued at about $11,982,000. Finally, F M Investments LLC purchased a new position in shares of Federal Signal in the 2nd quarter valued at about $11,058,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

About Federal Signal

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.