News headlines about Fortune Brands Home & Security (NYSE:FBHS) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fortune Brands Home & Security earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.2287179881921 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- Fortune Brands Home & Security, Inc. (FBHS) year to date performance remained at 0.94% – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Fortune Brands Home & Security, Inc. (NYSE:FBHS) – Do A Company’s Size and Market Value Matter? – Nasdaq Journal (press release) (nasdaqjournal.com)
- Fortune Brands Home & Security Inc (FBHS) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Fortune Brands Home & Security Inc (FBHS) Director Sells $357,500.00 in Stock (americanbankingnews.com)
Several research analysts have recently issued reports on FBHS shares. Zacks Investment Research lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Citigroup increased their target price on Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Fortune Brands Home & Security in a research report on Monday, September 25th. JPMorgan Chase & Co. increased their target price on Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Finally, Credit Suisse Group increased their target price on Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $71.33.
Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. equities research analysts predict that Fortune Brands Home & Security will post 3.07 earnings per share for the current year.
Fortune Brands Home & Security declared that its board has authorized a share buyback plan on Monday, December 11th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Friday, February 23rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.13%. 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. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 24.91%.
In related news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $71.50, for a total transaction of $357,500.00. Following the completion of the transaction, the director now owns 21,674 shares of the company’s stock, valued at approximately $1,549,691. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher J. Klein sold 85,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $67.13, for a total value of $5,706,050.00. The disclosure for this sale can be found here. 1.61% of the stock is owned by company insiders.
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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.
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