Fortune Brands Home & Security Inc (NYSE:FBHS) SVP Sells $115,189.60 in Stock


Fortune Brands Home & Security Inc (NYSE:FBHS) SVP Brian C. Lantz sold 2,192 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $52.55, for a total transaction of $115,189.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Brian C. Lantz also recently made the following trade(s):

  • On Thursday, May 9th, Brian C. Lantz sold 3,055 shares of Fortune Brands Home & Security stock. The shares were sold at an average price of $53.48, for a total transaction of $163,381.40.

Shares of FBHS traded up $0.53 during midday trading on Friday, hitting $52.97. The stock had a trading volume of 874,340 shares, compared to its average volume of 1,583,396. Fortune Brands Home & Security Inc has a fifty-two week low of $35.27 and a fifty-two week high of $58.75. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.58 and a beta of 1.49. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.49 and a quick ratio of 0.90.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. Fortune Brands Home & Security had a net margin of 7.18% and a return on equity of 22.33%. The company 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 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts anticipate that Fortune Brands Home & Security Inc will post 3.66 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, May 30th. Fortune Brands Home & Security’s payout ratio is 26.35%.

Several equities analysts have recently weighed in on FBHS shares. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Monday, April 8th. Credit Suisse Group restated a “hold” rating and set a $49.00 price objective on shares of Fortune Brands Home & Security in a research report on Thursday, February 7th. Loop Capital raised their price objective 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. ValuEngine upgraded shares of Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 13th. Finally, Barclays lowered shares of Fortune Brands Home & Security from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $45.00 to $44.00 in a research report on Thursday, April 11th. 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 stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.20.

Several institutional investors and hedge funds have recently made changes to their positions in FBHS. Berman Capital Advisors LLC lifted its position in shares of Fortune Brands Home & Security by 454.7% in the first quarter. Berman Capital Advisors LLC now owns 588 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 482 shares in the last quarter. Pinnacle Bank purchased a new stake in shares of Fortune Brands Home & Security in the fourth quarter worth approximately $30,000. Cornerstone Advisors Inc. lifted its position in shares of Fortune Brands Home & Security by 47.0% in the first quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 204 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Fortune Brands Home & Security in the first quarter worth approximately $31,000. Finally, Capital Investment Advisory Services LLC purchased a new stake in shares of Fortune Brands Home & Security in the fourth quarter worth approximately $32,000. Institutional investors own 86.11% 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 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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