Insider Selling: Fortune Brands Home & Security Director Unloads 2,490 Shares of Stock (FBHS)
Fortune Brands Home & Security (NASDAQ:FBHS) Director David Thomas sold 2,490 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $45.45, for a total transaction of $113,170.50. Following the sale, the director now directly owns 27,337 shares of the company’s stock, valued at approximately $1,242,467. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Fortune Brands Home & Security (NASDAQ:FBHS) traded down 1.38% during mid-day trading on Monday, hitting $44.95. 813,099 shares of the company’s stock traded hands. Fortune Brands Home & Security has a 1-year low of $30.67 and a 1-year high of $46.08. The stock’s 50-day moving average is $43.31 and its 200-day moving average is $40.97. The company has a market cap of $7.471 billion and a price-to-earnings ratio of 42.44.
Fortune Brands Home & Security (NASDAQ:FBHS) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.05. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.24 earnings per share. Fortune Brands Home & Security’s revenue was up 23.8% compared to the same quarter last year. Analysts expect that Fortune Brands Home & Security will post $1.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 19th. Stockholders of record on Friday, February 28th will be paid a dividend of 0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, February 26th. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.10.
FBHS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Fortune Brands Home & Security from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $49.50 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Fortune Brands Home & Security in a research note to investors on Monday, December 9th. They set a “neutral” rating and a $43.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Fortune Brands Home & Security in a research note to investors on Monday, December 9th. They set a “neutral” rating and a $40.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $45.06.
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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