Investors Buy High Volume of Call Options on Fortune Brands Home & Security (NYSE:FBHS)

Fortune Brands Home & Security Inc (NYSE:FBHS) was the target of some unusual options trading on Monday. Traders acquired 3,652 call options on the stock. This is an increase of 1,067% compared to the typical volume of 313 call options.

Several equities research analysts have recently weighed in on FBHS shares. Loop Capital started coverage on Fortune Brands Home & Security in a report on Thursday, March 1st. They issued a “buy” rating and a $77.00 price objective for the company. Gabelli raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Monday, February 12th. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Monday, February 5th. Barclays decreased their price objective on Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, Nomura decreased their price target on Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $73.57.

Shares of Fortune Brands Home & Security (NYSE:FBHS) traded down $0.19 during midday trading on Tuesday, hitting $62.57. The company had a trading volume of 729,955 shares, compared to its average volume of 2,110,000. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 0.58. Fortune Brands Home & Security has a 52-week low of $59.11 and a 52-week high of $73.62. The firm has a market capitalization of $9,380.00, a P/E ratio of 21.73, a PEG ratio of 1.45 and a beta of 1.42.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Fortune Brands Home & Security had a return on equity of 18.73% and a net margin of 8.95%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company earned $0.71 earnings per share. Fortune Brands Home & Security’s quarterly revenue was up 6.2% compared to the same quarter last year. research analysts expect that Fortune Brands Home & Security will post 3.63 EPS for the current year.

Fortune Brands Home & Security announced that its board has approved a share repurchase plan on Monday, December 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

In other news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $71.50, for a total value of $357,500.00. Following the completion of the sale, the director now directly owns 21,674 shares of the company’s stock, valued at $1,549,691. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.61% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC acquired a new stake in Fortune Brands Home & Security in the third quarter valued at $117,000. Captrust Financial Advisors acquired a new stake in Fortune Brands Home & Security in the fourth quarter valued at $122,000. Cerebellum GP LLC acquired a new stake in Fortune Brands Home & Security in the fourth quarter valued at $127,000. Pinebridge Investments L.P. lifted its holdings in Fortune Brands Home & Security by 325.8% in the fourth quarter. Pinebridge Investments L.P. now owns 1,946 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 1,489 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Fortune Brands Home & Security by 1,169.9% in the fourth quarter. Bessemer Group Inc. now owns 1,943 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 1,790 shares during the period. 87.86% of the stock is owned by institutional investors.

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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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