Paradigm Capital Management Inc. NY Acquires New Position in Federal Signal Corporation $FSS

Paradigm Capital Management Inc. NY bought a new position in Federal Signal Corporation (NYSE:FSS) in the 2nd quarter, Holdings Channel reports. The fund bought 70,000 shares of the conglomerate’s stock, valued at approximately $8,994,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSS. BlackRock Inc. purchased a new position in Federal Signal during the second quarter valued at approximately $1,236,004,000. Wasatch Advisors LP bought a new position in shares of Federal Signal in the third quarter worth approximately $174,476,000. Norges Bank purchased a new stake in shares of Federal Signal in the fourth quarter worth $98,257,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Federal Signal in the first quarter worth $57,749,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Federal Signal in the second quarter worth $53,055,000. Institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

FSS has been the subject of a number of analyst reports. Citigroup initiated coverage on Federal Signal in a research note on Monday, August 17th. They issued a “buy” rating and a $150.00 price target for the company. KeyCorp reiterated an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, DA Davidson raised their price objective on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.50.

Insider Transactions at Federal Signal

In other Federal Signal news, VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the transaction, the vice president directly owned 15,689 shares of the company’s stock, valued at $2,046,473.16. The trade was a 48.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.30% of the company’s stock.

Federal Signal Stock Down 2.1%

NYSE:FSS opened at $119.88 on Tuesday. Federal Signal Corporation has a twelve month low of $101.18 and a twelve month high of $134.51. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $122.24 and a 200-day simple moving average of $116.31. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, July 30th. The conglomerate reported $1.42 EPS for the quarter, topping 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 period in the previous year, the company posted $1.17 earnings per share. The firm’s revenue was up 18.7% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Analysts anticipate that Federal Signal Corporation will post 5.23 EPS for the current year.

Federal Signal Dividend Announcement

The business also recently declared 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 is Friday, August 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio 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.