Fortune Brands Home & Security Inc (NYSE:FBHS) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 3,652 call options on the stock. This is an increase of approximately 1,067% compared to the average daily volume of 313 call options.
Several equities analysts have recently weighed in on FBHS shares. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Thursday, January 11th. Credit Suisse Group reaffirmed an “outperform” rating and set a $80.00 price objective (up previously from $74.00) on shares of Fortune Brands Home & Security in a research note on Monday, January 22nd. They noted that the move was a valuation call. Nomura reduced their price objective on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Barclays cut their price target on shares of Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Finally, Gabelli raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $73.57.
In other news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $71.50, for a total transaction of $357,500.00. Following the completion of the sale, the director now directly owns 21,674 shares in the company, valued at $1,549,691. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.61% of the stock is currently owned by company insiders.
Fortune Brands Home & Security (FBHS) opened at $62.57 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.13 and a current ratio of 1.77. The stock has a market cap of $9,536.41, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. Fortune Brands Home & Security has a one year low of $59.11 and a one year high of $73.62.
Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.80 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. Fortune Brands Home & Security had a net margin of 8.95% and a return on equity of 18.73%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. equities research analysts forecast that Fortune Brands Home & Security will post 3.63 earnings per share for the current fiscal year.
Fortune Brands Home & Security declared that its Board of Directors has authorized a stock buyback program on Monday, December 11th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
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About Fortune Brands Home & Security
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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