Fortune Brands Home & Security Target of Unusually High Options Trading (FBHS)

Fortune Brands Home & Security Inc (NYSE:FBHS) was the recipient of unusually large options trading on Tuesday. Stock traders bought 600 call options on the stock. This is an increase of 689% compared to the typical volume of 76 call options.

Several research analysts recently issued reports on FBHS shares. ValuEngine raised Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research report on Friday, December 7th. Zacks Investment Research raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Goldman Sachs Group raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Sunday, December 9th. Bank of America raised Fortune Brands Home & Security from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a research report on Friday, January 4th. Finally, Credit Suisse Group set a $49.00 target price on Fortune Brands Home & Security and gave the company a “buy” rating in a research report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Fortune Brands Home & Security has a consensus rating of “Hold” and a consensus price target of $54.27.

Fortune Brands Home & Security stock opened at $46.13 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.43 and a beta of 1.46. Fortune Brands Home & Security has a fifty-two week low of $35.27 and a fifty-two week high of $61.44.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.08). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Fortune Brands Home & Security had a net margin of 7.10% and a return on equity of 21.91%. On average, research analysts forecast that Fortune Brands Home & Security will post 3.63 earnings per share for the current year.

In related news, VP Danny Luburic sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $46.96, for a total transaction of $93,920.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.71% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC grew its stake in Fortune Brands Home & Security by 17.5% during the 3rd quarter. LPL Financial LLC now owns 14,606 shares of the industrial products company’s stock valued at $765,000 after purchasing an additional 2,177 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Fortune Brands Home & Security by 15.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 55,583 shares of the industrial products company’s stock worth $2,112,000 after buying an additional 7,320 shares during the last quarter. Tower Bridge Advisors boosted its stake in shares of Fortune Brands Home & Security by 53.9% in the fourth quarter. Tower Bridge Advisors now owns 107,955 shares of the industrial products company’s stock worth $4,101,000 after buying an additional 37,803 shares during the last quarter. New England Research & Management Inc. boosted its stake in shares of Fortune Brands Home & Security by 1.4% in the fourth quarter. New England Research & Management Inc. now owns 17,080 shares of the industrial products company’s stock worth $649,000 after buying an additional 242 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Fortune Brands Home & Security by 40.3% in the third quarter. Renaissance Technologies LLC now owns 244,700 shares of the industrial products company’s stock worth $12,812,000 after buying an additional 70,300 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Fortune Brands Home & Security Target of Unusually High Options Trading (FBHS)” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2019/03/20/fortune-brands-home-security-target-of-unusually-high-options-trading-fbhs.html.

Fortune Brands Home & Security Company Profile

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 four segments: Cabinets, Plumbing, Doors, and 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.

Featured Article: What is the Gross Domestic Product (GDP)?

Receive News & Ratings for Fortune Brands Home & Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security and related companies with MarketBeat.com's FREE daily email newsletter.