DA Davidson Raises Federal Signal (NYSE:FSS) Price Target to $84.00

Federal Signal (NYSE:FSS) had its price objective boosted by research analysts at DA Davidson from $82.00 to $84.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the conglomerate’s stock. DA Davidson’s price objective would suggest a potential downside of 3.63% from the company’s previous close. DA Davidson also issued estimates for Federal Signal’s Q2 2025 earnings at $1.04 EPS, FY2025 earnings at $3.80 EPS and FY2026 earnings at $4.17 EPS.

Other equities research analysts have also issued reports about the stock. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Raymond James dropped their price objective on Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th.

Federal Signal Price Performance

Shares of FSS stock opened at $87.16 on Monday. The firm’s 50 day moving average price is $77.23 and its two-hundred day moving average price is $87.94. The stock has a market cap of $5.31 billion, a PE ratio of 25.26, a PEG ratio of 1.85 and a beta of 1.23. Federal Signal has a 52-week low of $66.47 and a 52-week high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $463.80 million during the quarter, compared to analysts’ expectations of $462.63 million. During the same period in the previous year, the firm earned $0.64 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, analysts forecast that Federal Signal will post 3.34 EPS for the current year.

Federal Signal announced that its Board of Directors has approved a share repurchase program on Tuesday, April 22nd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the conglomerate to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Federal Signal

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the business’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares of the company’s stock, valued at approximately $46,031,944.56. The trade was a 0.22 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Federal Signal

Several hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System grew its position in Federal Signal by 0.6% in the fourth quarter. California Public Employees Retirement System now owns 89,654 shares of the conglomerate’s stock valued at $8,283,000 after purchasing an additional 514 shares in the last quarter. Barclays PLC grew its holdings in shares of Federal Signal by 338.7% in the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock valued at $13,569,000 after acquiring an additional 112,092 shares in the last quarter. First Hawaiian Bank raised its holdings in Federal Signal by 520.7% during the fourth quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock worth $1,640,000 after acquiring an additional 14,891 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Federal Signal by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate’s stock valued at $72,112,000 after purchasing an additional 11,466 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Federal Signal by 84.1% during the fourth quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate’s stock valued at $20,247,000 after purchasing an additional 100,135 shares during the last quarter. 92.73% of the stock is owned by 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.