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DOWNERS GROVE, IL—Jennifer L. Sherman, the President and CEO of Federal Signal Corp (NYSE:FSS), recently acquired 1,250 shares of the company’s common stock. The shares were purchased at a price of $82.32 each, amounting to a total investment of $102,899. This transaction increased Sherman’s direct ownership to 559,182.674 shares. The purchase comes as Federal Signal, currently trading near its 52-week low, shows strong financial fundamentals with a healthy current ratio of 2.66 and 12 consecutive years of dividend payments. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value calculations.
In addition to her direct holdings, Sherman also has an indirect interest in the company through units held in a 401(k) plan, which are convertible into common stock. These units were adjusted to reflect a slight decrease, based on the issuer’s price per share of $81.28 as of February 28, 2025.
These transactions were disclosed in a filing with the Securities and Exchange Commission, underscoring Sherman’s continued investment in the company she leads.
In other recent news, Federal Signal Corporation reported its fourth-quarter and full-year 2024 financial results, showcasing solid growth in both revenue and earnings per share (EPS). The company achieved a quarterly revenue of $472 million, marking a 5% increase year-over-year, and recorded an adjusted EPS of $0.87, which met analyst forecasts. For the full year, Federal Signal reported record annual net sales of $1.86 billion, an 8% increase from the previous year, and projected 2025 net sales between $2.02 billion and $2.10 billion. Despite these positive figures, DA Davidson adjusted its price target for Federal Signal from $90 to $82, maintaining a Neutral rating due to valuation concerns. The firm noted that while Federal Signal has a strong track record, other companies in its coverage may offer better investment opportunities at this time. Additionally, Federal Signal announced the strategic acquisition of HOG Technologies, which is expected to enhance its market reach and operate within the company’s margin target range by 2026. These developments reflect Federal Signal’s continued focus on growth and operational efficiency.
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