Fortune Brands Home & Security (NYSE:FBHS) posted its earnings results on Wednesday. The industrial products company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.05, Bloomberg Earnings reports. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Fortune Brands Home & Security had a net margin of 7.10% and a return on equity of 21.91%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 earnings per share. 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 Fortune Brands Home & Security stock opened at $49.85 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.53 and a beta of 1.46. Fortune Brands Home & Security has a 1-year low of $35.27 and a 1-year high of $58.75.

Several analysts have weighed in on FBHS shares. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $43.00 price objective on the stock in a research note on Monday, December 31st. Credit Suisse Group set a $49.00 price objective on shares of Fortune Brands Home & Security and gave the stock a “buy” rating in a research note on Friday, January 11th. Bank of America raised shares of Fortune Brands Home & Security from an “underperform” rating to a “neutral” rating and set a $47.00 price objective on the stock in a research note on Friday, January 4th. Loop Capital upped their price objective on shares of Fortune Brands Home & Security to $44.00 and gave the stock a “hold” rating in a research note on Friday, February 1st. Finally, Evercore ISI raised shares of Fortune Brands Home & Security from an “in-line” rating to an “outperform” rating in a research note on Monday, January 7th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Fortune Brands Home & Security currently has an average rating of “Hold” and an average price target of $54.18.

In other Fortune Brands Home & Security news, VP Danny Luburic sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $46.96, for a total transaction of $93,920.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.63% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Fortune Brands Home & Security by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 6,412,616 shares of the industrial products company’s stock valued at $335,764,000 after purchasing an additional 43,501 shares during the last quarter. FMR LLC grew its stake in shares of Fortune Brands Home & Security by 44.9% during the fourth quarter. FMR LLC now owns 3,002,891 shares of the industrial products company’s stock valued at $114,079,000 after purchasing an additional 929,793 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Fortune Brands Home & Security by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock valued at $72,834,000 after purchasing an additional 131,460 shares during the last quarter. Northern Trust Corp grew its stake in shares of Fortune Brands Home & Security by 2.8% during the fourth quarter. Northern Trust Corp now owns 1,605,250 shares of the industrial products company’s stock valued at $60,983,000 after purchasing an additional 44,434 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Fortune Brands Home & Security by 40.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,539,338 shares of the industrial products company’s stock valued at $58,478,000 after purchasing an additional 445,041 shares during the last quarter. 87.98% of the stock is currently owned by institutional investors and hedge funds.

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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 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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