Fortune Brands Home & Security Inc Declares Quarterly Dividend of $0.10 (FBHS)
Fortune Brands Home & Security (NASDAQ:FBHS) announced a quarterly dividend on Monday, September 23rd, StockRatingsNetwork.com reports. Shareholders of record on Friday, November 29th will be paid a dividend of $0.10 per share on Wednesday, December 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.98%.
FBHS has been the subject of a number of recent research reports. Analysts at Barclays Capital raised their price target on shares of Fortune Brands Home & Security (NASDAQ:FBHS) from $49.00 to $51.00 in a research note to investors on Tuesday, September 10th. On a related note, analysts at RBC Capital raised their price target on shares of Fortune Brands Home & Security (NASDAQ:FBHS) from $48.00 to $49.00 in a research note to investors on Thursday, July 25th. Finally, analysts at Zacks downgraded shares of Fortune Brands Home & Security (NASDAQ:FBHS) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 24th. They now have a $47.50 price target on the stock.
Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Fortune Brands Home & Security has a consensus rating of “Buy” and an average target price of $45.42.
Shares of Fortune Brands Home & Security (NASDAQ:FBHS) traded down 1.04% on Monday, hitting $40.77. 785,003 shares of the company’s stock traded hands. Fortune Brands Home & Security has a 1-year low of $26.32 and a 1-year high of $44.04. The stock’s 50-day moving average is $39.05 and its 200-day moving average is $38.93. The company has a market cap of $6.768 billion and a price-to-earnings ratio of 44.21.
Fortune Brands Home & Security (NASDAQ:FBHS) last announced its earnings results on Wednesday, July 24th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Analysts expect that Fortune Brands Home & Security will post $1.44 EPS for the current fiscal year.
In other Fortune Brands Home & Security news, Insider David B. Lingafelter unloaded 1,272 shares of Fortune Brands Home & Security stock on the open market in a transaction dated Monday, September 9th. The shares were sold at an average price of $39.74, for a total transaction of $50,549.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Fortune Brands Home & Security, Inc is engaged in home and security products with companies focused on the design, manufacture and sale of products in Kitchen & Bath Cabinetry, Plumbing & Accessories, advanced material windows & entry door Systems, and security and storage products.
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