Thrivent Financial for Lutherans Boosts Stake in Federal Signal Corporation $FSS

Thrivent Financial for Lutherans raised its holdings in Federal Signal Corporation (NYSE:FSS) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,145 shares of the conglomerate’s stock after purchasing an additional 18,487 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Federal Signal were worth $28,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 142 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Federal Signal by 3,100.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock valued at $30,000 after buying an additional 248 shares during the period. Danske Bank A S purchased a new stake in shares of Federal Signal in the 3rd quarter valued at $48,000. Globeflex Capital L P raised its holdings in shares of Federal Signal by 8,618.2% in the 2nd quarter. Globeflex Capital L P now owns 959 shares of the conglomerate’s stock valued at $102,000 after buying an additional 948 shares during the period. Finally, Torren Management LLC purchased a new stake in shares of Federal Signal in the 4th quarter valued at $109,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. KeyCorp reiterated an “overweight” rating and issued a $140.00 price objective on shares of Federal Signal in a report on Thursday, April 30th. Zacks Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. CJS Securities upgraded Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective on the stock in a report on Thursday, February 26th. Finally, DA Davidson boosted their price objective on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Federal Signal presently has a consensus rating of “Buy” and a consensus target price of $139.25.

Federal Signal Price Performance

Shares of NYSE FSS opened at $111.20 on Monday. The stock’s 50-day moving average is $112.39 and its two-hundred day moving average is $113.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.84 and a quick ratio of 1.29. Federal Signal Corporation has a 1-year low of $91.48 and a 1-year high of $132.89. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.29. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The company had revenue of $625.60 million for the quarter, compared to the consensus estimate of $579.87 million. During the same quarter in the prior year, the business earned $0.76 EPS. Federal Signal’s revenue was up 35.0% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. Analysts forecast that Federal Signal Corporation will post 4.94 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, May 15th. Federal Signal’s dividend payout ratio is currently 13.64%.

Federal Signal Company Profile

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.