Fortune Brands Home & Security Inc (FBHS) Director Ronald V. Waters Sells 5,000 Shares

Fortune Brands Home & Security Inc (NYSE:FBHS) Director Ronald V. Waters sold 5,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, January 5th. The stock was sold at an average price of $71.50, for a total value of $357,500.00. Following the transaction, the director now owns 21,674 shares in the company, valued at approximately $1,549,691. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Fortune Brands Home & Security Inc (FBHS) traded down $0.18 on Monday, reaching $71.43. 1,080,000 shares of the company traded hands, compared to its average volume of 865,927. The stock has a market cap of $10,840.00, a price-to-earnings ratio of 24.72, a P/E/G ratio of 2.01 and a beta of 1.41. Fortune Brands Home & Security Inc has a 12-month low of $53.15 and a 12-month high of $71.71. 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 (NYSE:FBHS) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share (EPS) 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 analyst estimates of $1.38 billion. Fortune Brands Home & Security had a net margin of 8.62% and a return on equity of 18.64%. Fortune Brands Home & Security’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. research analysts anticipate that Fortune Brands Home & Security Inc will post 3.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, February 22nd. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.12%. Fortune Brands Home & Security’s dividend payout ratio is 24.91%.

Fortune Brands Home & Security announced that its Board of Directors has initiated a share buyback program on Monday, December 11th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Several research analysts have recently commented on the company. Royal Bank of Canada reduced their price target on Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. SunTrust Banks reiterated a “hold” rating and set a $63.00 price target on shares of Fortune Brands Home & Security in a report on Friday, November 10th. BidaskClub lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $71.17.

A number of large investors have recently modified their holdings of FBHS. Acrospire Investment Management LLC increased its stake in Fortune Brands Home & Security by 60.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 600 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in Fortune Brands Home & Security during the third quarter worth about $117,000. Northwestern Mutual Wealth Management Co. increased its stake in Fortune Brands Home & Security by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 23 shares during the period. Stephens Inc. AR purchased a new stake in Fortune Brands Home & Security during the second quarter worth about $201,000. Finally, First Midwest Bank Trust Division purchased a new stake in Fortune Brands Home & Security during the third quarter worth about $209,000. Institutional investors own 87.27% of the company’s stock.

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About Fortune Brands Home & Security

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.

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