Fortune Brands Home & Security (FBHS) Earning Somewhat Favorable Press Coverage, Report Shows
Media coverage about Fortune Brands Home & Security (NYSE:FBHS) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fortune Brands Home & Security earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.0615704832127 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research analysts recently commented on the stock. BidaskClub raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $75.00 target price on shares of Fortune Brands Home & Security in a research report on Monday, August 21st. Credit Suisse Group increased their target price on shares of Fortune Brands Home & Security from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Finally, J P Morgan Chase & Co increased their target price on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Fortune Brands Home & Security presently has an average rating of “Hold” and an average target price of $70.69.
Shares of Fortune Brands Home & Security (FBHS) traded down $0.28 during trading on Friday, reaching $66.42. 2,149,522 shares of the company’s stock traded hands, compared to its average volume of 738,258. Fortune Brands Home & Security has a 52 week low of $53.15 and a 52 week high of $69.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.87 and a quick ratio of 1.17. The stock has a market cap of $10,125.11, a P/E ratio of 22.31, a P/E/G ratio of 2.08 and a beta of 1.42.
Fortune Brands Home & Security declared that its Board of Directors has initiated a stock buyback program on Monday, December 11th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.20 per share. This is an increase from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, February 22nd. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 24.83%.
In other news, insider E Lee Wyatt sold 33,400 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $65.01, for a total value of $2,171,334.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher J. Klein sold 85,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $67.13, for a total transaction of $5,706,050.00. The disclosure for this sale can be found here. Company insiders own 1.61% of the company’s stock.
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Fortune Brands Home & Security Company Profile
Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.
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