Fortune Brands Home & Security (NYSE:FBHS) Stock Price Down 5.1%


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Fortune Brands Home & Security Inc (NYSE:FBHS)’s share price fell 5.1% during trading on Friday . The company traded as low as $49.31 and last traded at $49.56, 1,072,285 shares changed hands during mid-day trading. A decline of 26% from the average session volume of 1,458,552 shares. The stock had previously closed at $52.23.

Several equities research analysts recently commented on the company. TheStreet upgraded Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a report on Friday, June 28th. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price objective on the stock. in a research note on Monday, August 5th. Royal Bank of Canada lifted their price target on Fortune Brands Home & Security to $56.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Bank of America upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $64.00 in a research note on Monday, May 6th. Finally, ValuEngine raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $54.30.

The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.69 and a current ratio of 1.13. The firm has a market capitalization of $7.13 billion, a PE ratio of 14.84, a PEG ratio of 1.55 and a beta of 1.54. The company’s 50 day simple moving average is $53.51 and its 200-day simple moving average is $51.01.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.53 billion. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 21.81%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. On average, equities research analysts forecast that Fortune Brands Home & Security Inc will post 3.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, August 30th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.88 annualized dividend and a yield of 1.78%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.35%.

In other Fortune Brands Home & Security news, Director A D. David Mackay sold 10,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $50.40, for a total transaction of $504,000.00. Following the transaction, the director now directly owns 11,532 shares in the company, valued at approximately $581,212.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $56.74, for a total transaction of $283,700.00. Following the transaction, the director now owns 11,589 shares in the company, valued at $657,559.86. The disclosure for this sale can be found here. Corporate insiders own 1.63% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Fortune Brands Home & Security by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 14,845,161 shares of the industrial products company’s stock worth $848,104,000 after buying an additional 172,161 shares during the period. JPMorgan Chase & Co. grew its holdings in Fortune Brands Home & Security by 9.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock worth $476,103,000 after acquiring an additional 706,944 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Fortune Brands Home & Security by 37.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 3,542,182 shares of the industrial products company’s stock valued at $202,365,000 after purchasing an additional 971,613 shares in the last quarter. FMR LLC lifted its position in Fortune Brands Home & Security by 3.8% during the 1st quarter. FMR LLC now owns 3,117,381 shares of the industrial products company’s stock valued at $148,419,000 after acquiring an additional 114,490 shares during the period. Finally, Putnam Investments LLC lifted its position in Fortune Brands Home & Security by 1,568.5% during the 2nd quarter. Putnam Investments LLC now owns 2,772,750 shares of the industrial products company’s stock valued at $158,407,000 after acquiring an additional 2,606,572 shares during the period. 88.10% of the stock is currently owned by institutional investors and hedge funds.

Fortune Brands Home & Security Company Profile (NYSE:FBHS)

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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