Federal Signal Corporation $FSS Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in Federal Signal Corporation (NYSE:FSS) by 8.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,890 shares of the conglomerate’s stock after selling 26,681 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Federal Signal were worth $30,743,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Federal Signal by 0.4% in the second quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock valued at $241,203,000 after purchasing an additional 7,982 shares during the period. First Trust Advisors LP increased its stake in Federal Signal by 49.6% during the 2nd quarter. First Trust Advisors LP now owns 1,501,431 shares of the conglomerate’s stock worth $159,782,000 after buying an additional 497,652 shares during the period. Norges Bank acquired a new position in Federal Signal in the 2nd quarter worth $79,165,000. Franklin Resources Inc. boosted its position in Federal Signal by 20.1% in the 2nd quarter. Franklin Resources Inc. now owns 732,283 shares of the conglomerate’s stock valued at $77,930,000 after buying an additional 122,558 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Federal Signal by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,214 shares of the conglomerate’s stock valued at $52,826,000 after buying an additional 2,057 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Price Performance

Shares of FSS stock opened at $110.20 on Tuesday. The firm has a market cap of $6.70 billion, a P/E ratio of 28.77, a P/E/G ratio of 1.90 and a beta of 1.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.61 and a quick ratio of 1.25. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $132.89. The firm has a fifty day moving average of $114.75 and a two-hundred day moving average of $115.14.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Federal Signal had a net margin of 11.47% and a return on equity of 19.50%. The business had revenue of $555.00 million for the quarter, compared to analyst estimates of $545.19 million. During the same quarter in the prior year, the business posted $0.87 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. As a group, research analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, November 14th. This represents a $0.56 annualized dividend and a yield of 0.5%. Federal Signal’s dividend payout ratio is presently 14.62%.

Analyst Ratings Changes

FSS has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federal Signal in a research report on Monday, December 1st. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $123.00.

Insider Buying and Selling

In other news, COO Mark Weber sold 51,187 shares of Federal Signal stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $111.56, for a total value of $5,710,421.72. Following the completion of the transaction, the chief operating officer owned 73,874 shares in the company, valued at approximately $8,241,383.44. This trade represents a 40.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Company Profile

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.