Somewhat Positive Media Coverage Somewhat Unlikely to Affect Fortune Brands Home & Security (FBHS) Stock Price
News stories about Fortune Brands Home & Security (NYSE:FBHS) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fortune Brands Home & Security earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.1249602109834 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of brokerages have commented on FBHS. Jefferies Group LLC restated a “buy” rating and set a $78.00 price objective on shares of Fortune Brands Home & Security in a research report on Thursday. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. BidaskClub downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research report on Monday, August 21st. Finally, Longbow Research upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Fortune Brands Home & Security presently has a consensus rating of “Hold” and an average target price of $68.75.
Fortune Brands Home & Security (NYSE FBHS) opened at 66.06 on Thursday. The stock has a market cap of $10.17 billion, a P/E ratio of 23.52 and a beta of 1.37. The stock has a 50 day moving average of $64.59 and a 200-day moving average of $64.07. Fortune Brands Home & Security has a one year low of $52.05 and a one year high of $67.76.
Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Analysts anticipate that Fortune Brands Home & Security will post $3.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortune Brands Home & Security’s dividend payout ratio is currently 25.35%.
In other Fortune Brands Home & Security news, insider E Lee Wyatt sold 2,600 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $65.11, for a total value of $169,286.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Christopher J. Klein sold 60,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total transaction of $3,766,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,000 shares of company stock worth $8,715,420. Company insiders own 1.61% of the company’s stock.
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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