Fortune Brands Home & Security (NYSE:FBHS) posted its earnings results on Wednesday, April 24th. The industrial products company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04, Bloomberg Earnings reports. Fortune Brands Home & Security had a net margin of 7.18% and a return on equity of 22.33%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company posted $0.56 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Fortune Brands Home & Security updated its FY 2019 guidance to $3.53-3.77 EPS and its FY19 guidance to $3.53-3.77 EPS.

Shares of NYSE FBHS traded down $0.42 during mid-day trading on Friday, reaching $52.79. The company had a trading volume of 779,278 shares, compared to its average volume of 1,795,086. 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 stock has a market cap of $7.38 billion, a PE ratio of 15.81, a PEG ratio of 1.58 and a beta of 1.49. Fortune Brands Home & Security has a 52 week low of $35.27 and a 52 week high of $58.75.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, May 30th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.35%.

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A number of analysts have recently commented on the stock. ValuEngine upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Barclays lowered shares of Fortune Brands Home & Security from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $45.00 to $44.00 in a research report on Thursday, April 11th. Loop Capital boosted their target price on shares of Fortune Brands Home & Security to $44.00 and gave the company a “hold” rating in a research report on Friday, February 1st. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, April 8th. Finally, Bank of America raised shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $64.00 in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $54.20.

In other news, SVP Brian C. Lantz sold 3,055 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.48, for a total value of $163,381.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David Randich sold 20,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $53.00, for a total transaction of $1,060,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,247 shares of company stock worth $1,338,571. Company insiders own 1.63% of the company’s stock.

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Institutional investors have recently modified their holdings of the business. Horizon Investments LLC acquired a new stake in shares of Fortune Brands Home & Security during the 1st quarter worth approximately $360,000. FMR LLC grew its stake in shares of Fortune Brands Home & Security by 3.8% during the 1st quarter. FMR LLC now owns 3,117,381 shares of the industrial products company’s stock worth $148,419,000 after purchasing an additional 114,490 shares during the period. RMB Capital Management LLC grew its stake in shares of Fortune Brands Home & Security by 4.6% during the 1st quarter. RMB Capital Management LLC now owns 437,119 shares of the industrial products company’s stock worth $20,811,000 after purchasing an additional 19,338 shares during the period. Morgan Stanley grew its stake in shares of Fortune Brands Home & Security by 89.9% during the 1st quarter. Morgan Stanley now owns 380,039 shares of the industrial products company’s stock worth $18,093,000 after purchasing an additional 179,934 shares during the period. Finally, Putnam FL Investment Management Co. grew its stake in shares of Fortune Brands Home & Security by 4.5% during the 1st quarter. Putnam FL Investment Management Co. now owns 130,719 shares of the industrial products company’s stock worth $6,224,000 after purchasing an additional 5,624 shares during the period. Institutional investors own 88.90% of the company’s stock.

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About Fortune Brands Home & Security

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 four segments: Cabinets, Plumbing, Doors, and 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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Earnings History for Fortune Brands Home & Security (NYSE:FBHS)



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