News headlines about Fortune Brands Home & Security (NYSE:FBHS) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fortune Brands Home & Security earned a news impact score of 0.19 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.3885308204842 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
FBHS has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price objective on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, November 13th. Jefferies Group reaffirmed a “buy” rating and set a $78.00 price objective on shares of Fortune Brands Home & Security in a report on Thursday, October 12th. SunTrust Banks reaffirmed a “hold” rating and set a $63.00 price objective on shares of Fortune Brands Home & Security in a report on Friday, November 10th. Robert W. Baird reissued a “buy” rating and issued a $72.00 target price on shares of Fortune Brands Home & Security in a report on Tuesday, October 24th. Finally, Citigroup raised their target price on shares of Fortune Brands Home & Security from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $71.33.
Fortune Brands Home & Security (FBHS) traded up $0.84 during midday trading on Friday, reaching $70.62. 921,814 shares of the company’s stock traded hands, compared to its average volume of 951,289. 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 capitalization of $10,670.00, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. Fortune Brands Home & Security has a 52 week low of $53.68 and a 52 week high of $71.73.
Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. research analysts anticipate that Fortune Brands Home & Security will post 3.07 EPS for the current fiscal year.
Fortune Brands Home & Security announced that its board has authorized a stock repurchase plan on Monday, December 11th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Friday, February 23rd will be issued a $0.20 dividend. 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 dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, February 22nd. Fortune Brands Home & Security’s payout ratio is presently 24.91%.
In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $71.50, for a total value of $357,500.00. Following the completion of the transaction, the director now directly owns 21,674 shares in the company, valued at $1,549,691. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Klein sold 85,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $67.13, for a total value of $5,706,050.00. The disclosure for this sale can be found here. 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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