Fortune Brands Home & Security (NYSE:FBHS) Sets New 52-Week High at $61.00

Fortune Brands Home & Security Inc (NYSE:FBHS) reached a new 52-week high on Thursday . The company traded as high as $61.00 and last traded at $60.75, with a volume of 715409 shares traded. The stock had previously closed at $58.38.

Several analysts have issued reports on FBHS shares. TheStreet upgraded Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a report on Friday, June 28th. ValuEngine lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $60.00 price target on the stock. in a research report on Monday, October 14th. Finally, Loop Capital lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price objective for the company. in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $53.67.

The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.79 and a beta of 1.52. The business has a fifty day moving average of $54.75 and a 200 day moving average of $53.20. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.13 and a quick ratio of 0.69.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the business earned $0.93 EPS. Fortune Brands Home & Security’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts expect that Fortune Brands Home & Security Inc will post 3.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, November 27th. Fortune Brands Home & Security’s dividend payout ratio is presently 26.35%.

In related news, Director A D. David Mackay sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $50.40, for a total transaction of $504,000.00. Following the completion of the sale, the director now directly owns 11,532 shares of the company’s stock, valued at approximately $581,212.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.63% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Westside Investment Management Inc. purchased a new stake in Fortune Brands Home & Security in the second quarter valued at approximately $27,000. Kavar Capital Partners LLC acquired a new position in Fortune Brands Home & Security in the 2nd quarter valued at about $39,000. Pearl River Capital LLC purchased a new stake in Fortune Brands Home & Security during the second quarter worth about $43,000. North Star Investment Management Corp. purchased a new stake in Fortune Brands Home & Security during the third quarter worth about $45,000. Finally, FTB Advisors Inc. lifted its position in shares of Fortune Brands Home & Security by 552.0% during the second quarter. FTB Advisors Inc. now owns 815 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 690 shares in the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.

About Fortune Brands Home & Security (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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