Fortune Brands Home & Security Insider Sells $1,711,583 in Stock (FBHS)
Fortune Brands Home & Security (NASDAQ:FBHS) Insider Mark Savan sold 39,492 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $43.34, for a total value of $1,711,583.28. Following the sale, the insider now directly owns 75,159 shares in the company, valued at approximately $3,257,391. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Fortune Brands Home & Security (NASDAQ:FBHS) traded down 0.46% on Wednesday, hitting $43.20. 688,264 shares of the company’s stock traded hands. Fortune Brands Home & Security has a 1-year low of $36.36 and a 1-year high of $47.92. The stock’s 50-day moving average is $39.82 and its 200-day moving average is $41.15. The company has a market cap of $6.846 billion and a price-to-earnings ratio of 28.20.
Fortune Brands Home & Security (NASDAQ:FBHS) last announced its earnings results on Wednesday, July 30th. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Fortune Brands Home & Security will post $1.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Friday, August 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of research firms have recently commented on FBHS. Analysts at RBC Capital raised their price target on shares of Fortune Brands Home & Security from $43.00 to $44.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Fortune Brands Home & Security in a research note on Thursday, July 31st. They now have a $46.00 price target on the stock, down previously from $47.00. Finally, analysts at Barclays cut their price target on shares of Fortune Brands Home & Security from $52.00 to $47.00 in a research note on Friday, July 11th. They now have an “overweight” rating on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $47.00.
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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