Fortune Brands Home & Security Inc (FBHS) Director Sells $357,500.00 in Stock

Fortune Brands Home & Security Inc (NYSE:FBHS) Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $71.50, for a total value of $357,500.00. Following the completion of the transaction, the director now directly owns 21,674 shares in the company, valued at $1,549,691. The transaction was disclosed in a filing with the SEC, which is available at this link.

Fortune Brands Home & Security Inc (FBHS) opened at $69.08 on Thursday. The firm has a market capitalization of $10,670.00, a price-to-earnings ratio of 23.90, a PEG ratio of 2.01 and a beta of 1.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.17 and a current ratio of 1.87. Fortune Brands Home & Security Inc has a twelve month low of $53.15 and a twelve month high of $71.73.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. sell-side analysts predict that Fortune Brands Home & Security Inc will post 3.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.16%. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 22nd. Fortune Brands Home & Security’s dividend payout ratio is presently 24.91%.

Fortune Brands Home & Security declared that its board has authorized a stock repurchase plan on Monday, December 11th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sentry Investment Management LLC lifted its holdings in shares of Fortune Brands Home & Security by 1.2% during the 2nd quarter. Sentry Investment Management LLC now owns 10,287 shares of the industrial products company’s stock valued at $671,000 after buying an additional 122 shares during the period. Toronto Dominion Bank raised its holdings in Fortune Brands Home & Security by 26.1% in the 2nd quarter. Toronto Dominion Bank now owns 52,123 shares of the industrial products company’s stock worth $3,400,000 after purchasing an additional 10,799 shares during the period. Douglas Lane & Associates LLC raised its holdings in Fortune Brands Home & Security by 3.1% in the 3rd quarter. Douglas Lane & Associates LLC now owns 675,602 shares of the industrial products company’s stock worth $45,421,000 after purchasing an additional 20,460 shares during the period. NorthCoast Asset Management LLC bought a new position in Fortune Brands Home & Security in the 2nd quarter worth $738,000. Finally, Amalgamated Bank raised its holdings in Fortune Brands Home & Security by 25.8% in the 2nd quarter. Amalgamated Bank now owns 31,168 shares of the industrial products company’s stock worth $2,033,000 after purchasing an additional 6,401 shares during the period. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on FBHS shares. Royal Bank of Canada lowered their price objective on Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, November 13th. Jefferies Group reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Fortune Brands Home & Security in a research report on Thursday, October 12th. SunTrust Banks reaffirmed a “hold” rating and issued a $63.00 price objective on shares of Fortune Brands Home & Security in a research report on Friday, November 10th. Robert W. Baird reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Fortune Brands Home & Security in a research report on Tuesday, October 24th. Finally, Citigroup upped their price objective on Fortune Brands Home & Security from $68.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Fortune Brands Home & Security currently has an average rating of “Hold” and an average target price of $71.17.

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Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

Insider Buying and Selling by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

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