News coverage about Fortune Brands Home & Security (NYSE:FBHS) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fortune Brands Home & Security earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.0092348330779 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research analysts recently issued reports on FBHS shares. Royal Bank of Canada decreased their price target on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. Jefferies Group reaffirmed a “buy” rating and set a $78.00 price target on shares of Fortune Brands Home & Security in a report on Thursday, October 12th. SunTrust Banks reaffirmed a “hold” rating and set a $63.00 price target on shares of Fortune Brands Home & Security in a report on Friday, November 10th. Robert W. Baird reissued a “buy” rating and issued a $72.00 price objective on shares of Fortune Brands Home & Security in a report on Tuesday, October 24th. Finally, Citigroup raised their target price on shares of Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.86.
Shares of Fortune Brands Home & Security (NYSE:FBHS) traded down $0.89 on Tuesday, hitting $67.23. 679,915 shares of the stock were exchanged, compared to its average volume of 1,048,368. The stock has a market capitalization of $10,355.85, a price-to-earnings ratio of 22.82, a P/E/G ratio of 2.13 and a beta of 1.42. Fortune Brands Home & Security has a 1 year low of $53.15 and a 1 year high of $69.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.87 and a quick ratio of 1.17.
Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.38 billion. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. equities analysts forecast that Fortune Brands Home & Security will post 3.07 EPS for the current year.
Fortune Brands Home & Security declared that its Board of Directors has approved a share buyback program on Monday, December 11th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Friday, February 23rd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This is an increase 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 1.19%. Fortune Brands Home & Security’s payout ratio is currently 24.83%.
In other news, CEO Christopher J. Klein sold 85,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $67.13, for a total transaction of $5,706,050.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider E Lee Wyatt sold 33,400 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $65.01, for a total transaction of $2,171,334.00. The disclosure for this sale can be found here. Insiders sold 121,000 shares of company stock valued at $8,046,670 over the last quarter. 1.61% of the stock is currently owned by corporate 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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