Fortune Brands Home & Security Inc (NYSE:FBHS) – Investment analysts at Jefferies Group upped their Q1 2018 earnings per share estimates for shares of Fortune Brands Home & Security in a research note issued to investors on Wednesday. Jefferies Group analyst P. Ng now anticipates that the industrial products company will earn $0.65 per share for the quarter, up from their previous estimate of $0.57. Jefferies Group has a “Buy” rating and a $78.00 price target on the stock. Jefferies Group also issued estimates for Fortune Brands Home & Security’s Q3 2018 earnings at $1.07 EPS, FY2018 earnings at $3.88 EPS and FY2019 earnings at $4.41 EPS.
A number of other research analysts have also commented on the stock. Royal Bank of Canada lowered their price objective on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. SunTrust Banks restated a “hold” rating and issued a $63.00 price target on shares of Fortune Brands Home & Security in a research report on Friday, November 10th. Robert W. Baird restated a “buy” rating and issued a $72.00 price target on shares of Fortune Brands Home & Security in a research report on Tuesday, October 24th. Citigroup lifted their price target on shares of 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. Finally, BidaskClub lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Fortune Brands Home & Security presently has a consensus rating of “Hold” and an average target price of $71.33.
Fortune Brands Home & Security (NYSE FBHS) traded up $0.82 during midday trading on Friday, hitting $72.63. 1,293,000 shares of the company were exchanged, compared to its average volume of 1,066,942. Fortune Brands Home & Security has a fifty-two week low of $54.24 and a fifty-two week high of $72.64. The company has a quick ratio of 1.17, a current ratio of 1.87 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $11,010.00, a price-to-earnings ratio of 25.13, a PEG ratio of 1.98 and a beta of 1.41.
Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a net margin of 8.62% and a return on equity of 18.64%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Friday, February 23rd will be paid a $0.20 dividend. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.10%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 24.91%.
Fortune Brands Home & Security declared that its Board of Directors has approved a stock repurchase program on Monday, December 11th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 85,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, October 27th. The shares were sold at an average price of $67.13, for a total transaction of $5,706,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald V. Waters sold 5,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, January 5th. The shares were sold at an average price of $71.50, for a total transaction of $357,500.00. Following the completion of the sale, the director now directly owns 21,674 shares of the company’s stock, valued at approximately $1,549,691. The disclosure for this sale can be found here. Company insiders own 1.61% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in FBHS. Epoch Investment Partners Inc. acquired a new stake in shares of Fortune Brands Home & Security in the 3rd quarter valued at $84,149,000. Vanguard Group Inc. lifted its stake in shares of Fortune Brands Home & Security by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 15,160,589 shares of the industrial products company’s stock valued at $989,078,000 after purchasing an additional 460,317 shares during the last quarter. PGGM Investments bought a new position in Fortune Brands Home & Security in the 3rd quarter worth $21,244,000. Putnam FL Investment Management Co. bought a new position in Fortune Brands Home & Security in the 3rd quarter worth $16,999,000. Finally, Victory Capital Management Inc. raised its holdings in Fortune Brands Home & Security by 27.5% in the 3rd quarter. Victory Capital Management Inc. now owns 940,134 shares of the industrial products company’s stock worth $63,205,000 after acquiring an additional 202,754 shares during the period. 87.31% of the stock is owned by institutional investors and hedge funds.
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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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