Fortune Brands Home & Security Inc (NYSE:FBHS) – Equities researchers at SunTrust Banks lowered their Q2 2019 earnings per share estimates for shares of Fortune Brands Home & Security in a research report issued on Wednesday, April 24th, according to Zacks Investment Research. SunTrust Banks analyst K. Hughes now forecasts that the industrial products company will post earnings of $1.00 per share for the quarter, down from their prior estimate of $1.02. SunTrust Banks currently has a “Hold” rating and a $50.00 price target on the stock. SunTrust Banks also issued estimates for Fortune Brands Home & Security’s Q3 2019 earnings at $1.05 EPS, Q4 2019 earnings at $0.96 EPS, FY2019 earnings at $3.63 EPS, Q1 2020 earnings at $0.67 EPS, Q2 2020 earnings at $1.08 EPS, Q3 2020 earnings at $1.13 EPS, Q4 2020 earnings at $1.03 EPS and FY2020 earnings at $3.91 EPS.
Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. 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 7.18% and a return on equity of 22.33%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS.
Several other equities analysts have also recently issued reports on FBHS. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Monday, April 29th. Bank of America upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $64.00 in a research note on Monday, May 6th. ValuEngine upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Credit Suisse Group reiterated a “hold” rating and issued a $49.00 price objective on shares of Fortune Brands Home & Security in a research note on Thursday, February 7th. Finally, Loop Capital increased 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Fortune Brands Home & Security has a consensus rating of “Hold” and a consensus target price of $54.20.
NYSE FBHS traded down $0.47 on Friday, hitting $52.32. 889,400 shares of the company were exchanged, compared to its average volume of 1,590,930. The firm has a market cap of $7.38 billion, a PE ratio of 15.66, a P/E/G ratio of 1.56 and a beta of 1.49. Fortune Brands Home & Security has a 12 month low of $35.27 and a 12 month high of $58.75. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 1.03.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, May 30th. Fortune Brands Home & Security’s dividend payout ratio is 26.35%.
In related news, SVP Brian C. Lantz sold 3,055 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction of $1,060,000.00. The disclosure for this sale can be found here. Insiders sold a total of 25,247 shares of company stock valued at $1,338,571 over the last three months. 1.63% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in Fortune Brands Home & Security by 17.5% during the 3rd quarter. LPL Financial LLC now owns 14,606 shares of the industrial products company’s stock valued at $765,000 after buying an additional 2,177 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Fortune Brands Home & Security by 15.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 55,583 shares of the industrial products company’s stock valued at $2,112,000 after buying an additional 7,320 shares in the last quarter. Tower Bridge Advisors grew its holdings 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 buying an additional 37,803 shares in the last quarter. New England Research & Management Inc. grew its holdings in Fortune Brands Home & Security by 1.4% during the 4th quarter. New England Research & Management Inc. now owns 17,080 shares of the industrial products company’s stock valued at $649,000 after buying an additional 242 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings 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 buying an additional 3,083 shares in the last quarter. 88.90% of the stock is owned by institutional investors.
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.