FSS · NYSE · Agricultural - Machinery

Federal Signal (FSS)

Makes infrastructure-maintenance vehicles and warning systems for municipal and industrial customers.

$116.42
vs last close+1.33 (+1.16%)
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Federal Signal CorporationFSS
Industrials

Manufactures infrastructure-maintenance vehicles and equipment, from street sweepers and sewer cleaners to refuse trucks and road-marking systems, while also supplying emergency-vehicle, public-warning, and industrial signaling products. Equipment sales are supported by parts, repair, rentals, and training, with municipal and industrial demand concentrated in the United States.

Builds specialty vehicles and equipment for infrastructure maintenance through Environmental Solutions, including street sweepers, sewer cleaners, vacuum and hydro-excavation trucks, refuse vehicles, waterblasting and road-marking systems, dump bodies, and metal-extraction support equipment. Aftermarket parts, repair, rentals, and training extend the installed fleet through a North American service network.

Supplies emergency-vehicle lightbars and sirens, public-warning and interoperable-communications systems, and industrial signaling through Safety and Security Systems. Specialized brands, dealer relationships, direct sales, and service centers connect the portfolio to municipal, governmental, industrial, utility, and commercial customers; most sales remain U.S.-based, while products reach customers worldwide. Government procurement cycles, customer-provided chassis, component availability, and the integration of acquired businesses shape delivery and execution.

Company facts

CEOJennifer L. Sherman
ListedMar 17, 1980
ExchangeNYSE
HeadquartersDowners Grove, IL
CountryUnited States
Employees5,800
CIK0000277509
ISINUS3138551086

Market cap$7.03B
EPS (ttm)$4.64
P/E (ttm)24.80
ROE20.2%
P/B4.66
P/S2.87
Dividend yieldDiv yield0.51%
Beta1.17vs XLI 1.02

Price target$140.00+21.6%Average of 11 analysts
ConsensusBuy6 of 11 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 17, 2026CitigroupInitiate
Rating:
Rating: Buy
Apr 30, 2026KeyBancTarget
Target: $130
Target: $140
Mar 10, 2026KeybancUpgrade
Rating: Sector WeightTarget: $48
Rating: OverweightTarget: $130
Feb 26, 2026CJS SecuritiesUpgrade
Rating: Market Perform
Rating: Market Outperform
Jul 31, 2025CJS SecuritiesDowngrade
Rating: Outperform
Rating: Market Perform

Next report
Oct 29, 26
in 37 days
EPS estimate
$1.31
Revenue estimate
$661.6M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$0.87$0.76$1.17$1.14$1.16$1.18$1.42Pending
Estimate$0.87$0.73$1.06$1.07$1.08$0.88$1.29$1.31
Surprise0.0%+4.1%+10.4%+6.5%+7.4%+33.5%+10.1%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$472.0M$463.8M$564.6M$555.0M$597.1M$625.6M$670.2MPending
Estimate$481.9M$535.7M$545.3M$551.4M$545.5M$579.9M$667.0M$661.6M
Surprise−2.1%−13.4%+3.5%+0.7%+9.5%+7.9%+0.5%
Estimate$1.31
ReportedDue Oct 29, 2026
Estimate$661.6M
ReportedDue Oct 29, 2026
View details

Debt to equity32.20%
Current ratio273.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$474.2M$472.0M$463.8M$564.6M$555.0M$597.1M$625.6M$670.2M
Net income$53.9M$50.0M$46.3M$71.4M$68.1M$60.8M$70.4M$86.1M
Net margin11.4%10.6%10.0%12.6%12.3%10.2%11.3%12.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$75.9M$70.1M$66.3M$98.2M$95.6M$96.8M$100.9M$118.9M
YoY growth+21.4%+11.1%+22.1%+21.1%+26.0%+38.1%+52.2%+21.1%

Balance sheet, Jun 30, 2026Cash & short-term investments $62.8M · Total debt $485.8M · Total assets $2.44B · Shareholders' equity $1.51B

Revenue
$670.2M
Operating income
$118.9M
Net income
$86.1M
View details

Dividend yield
0.51%
Next ex-date
Nov 14, 26
estimated · in 53 days
Annual dividend
$0.59
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26
Dividend$0.12$0.14$0.14$0.14$0.14$0.15$0.15$0.15
Annual yield0.54%0.65%0.55%0.43%0.51%0.54%0.52%0.47%
Ex-dateNov 15Mar 14May 16Aug 15Nov 14Mar 13May 15Aug 14
Payment dateDec 2Mar 27May 30Aug 28Dec 2Mar 26May 29Aug 27
View details

Institutions≈ 101.82%62.15M shares
479 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders2.37%1.44M shares
13 holders · as of Aug 6, 2026
Adds to104.19%

61.04M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 104.19%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
15.76%9.62Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
5.73%3.50Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.34%2.65Mas of Jun 30, 2026
State Street CorpInstitution
4.01%2.45Mas of Jun 30, 2026
Capital World InvestorsInstitution
3.68%2.24Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 4, 2026Brenda Reichelderferdirector−6,070$131.02
Aug 3, 2026Diane Boninaofficer: VP, Gen'l Counsel & Secretary−4,408$128.75
Aug 4, 2026Diane Boninaofficer: VP, Gen'l Counsel & Secretary−14,756$130.44
Mar 10, 2026Richard A. Mauedirector+2,000$110.77
Nov 6, 2025Mark Weberofficer: SVP & COO−51,187$111.56
View details

  • Oshkosh

    Refuse and emergency vehicle overlap with McNeilus and Pierce

  • Alamo Group

    Municipal sweepers, vacuum trucks, snow equipment, and parts

  • Aebi-Schmidt

    Specialty vehicles and infrastructure maintenance after Shyft merger

  • Terex

    Current traded home for REV fire, ambulance, and waste vehicles

  • Eaton

    Industrial alarms, strobes, horns, notification, and PA overlap

  • Motorola Solutions

    Public safety communications and mass-notification software overlap

Compare

CompanyPriceChange
Federal Signal$116.42+1.16%$7.03B24.821.52.9+18.7%
Oshkosh$143.29−0.06%$8.85B16.411.00.8+6.7%
Alamo Group$166.50+0.99%$2.01B19.815.01.2+7.6%
Aebi-Schmidt$12.17+0.92%$934.7M38.011.90.4+9.4%
Terex$60.23+2.21%$6.73B29.911.11.0+50.5%
Eaton$440.21+1.10%$169.08B44.329.35.6+21.4%
Motorola Solutions$454.82−1.42%$76.58B36.325.16.3+13.3%
Median33.113.41.1+11.4%