Fortune Brands Home & Security Target of Unusually Large Options Trading (NYSE:FBHS)

Fortune Brands Home & Security Inc (NYSE:FBHS) was the target of some unusual options trading on Thursday. Stock traders bought 3,525 put options on the company. This is an increase of approximately 4,538% compared to the typical volume of 76 put options.

Fortune Brands Home & Security stock opened at $53.19 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $7.26 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.54 and a beta of 1.47. Fortune Brands Home & Security has a twelve month low of $35.27 and a twelve month high of $58.21.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Fortune Brands Home & Security had a return on equity of 22.33% and a net margin of 7.18%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 EPS. On average, analysts expect that Fortune Brands Home & Security will post 3.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be paid a $0.22 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.65%. Fortune Brands Home & Security’s payout ratio is currently 26.35%.

Several research analysts have recently issued reports on FBHS shares. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Monday, April 29th. Bank of America raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $64.00 in a research report on Monday, May 6th. SunTrust Banks increased their target price on Fortune Brands Home & Security to $50.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. ValuEngine raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Royal Bank of Canada increased their target price on Fortune Brands Home & Security to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Fortune Brands Home & Security has an average rating of “Hold” and an average price target of $54.20.

In other news, SVP Brian C. Lantz sold 3,055 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $53.48, for a total value of $163,381.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Randich sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $53.00, for a total value of $1,060,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,247 shares of company stock valued at $1,338,571 in the last ninety days. 1.63% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Tower Bridge Advisors boosted its stake in Fortune Brands Home & Security by 53.9% during the 4th quarter. Tower Bridge Advisors now owns 107,955 shares of the industrial products company’s stock valued at $4,101,000 after purchasing an additional 37,803 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Fortune Brands Home & Security by 6.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 48,270 shares of the industrial products company’s stock valued at $1,834,000 after purchasing an additional 3,083 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in Fortune Brands Home & Security during the 1st quarter valued at $248,000. Swiss National Bank boosted its stake in Fortune Brands Home & Security by 1.5% during the 1st quarter. Swiss National Bank now owns 472,900 shares of the industrial products company’s stock valued at $22,515,000 after purchasing an additional 7,100 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in Fortune Brands Home & Security by 6.7% during the 4th quarter. State of Tennessee Treasury Department now owns 95,963 shares of the industrial products company’s stock valued at $3,645,000 after purchasing an additional 6,031 shares during the last quarter. Institutional investors own 87.13% of the company’s stock.

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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 three segments: Cabinets, Plumbing, and Doors & 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.

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