Fortune Brands Home & Security Sees Unusually Large Options Volume (NYSE:FBHS) – TechNewsObserver


Fortune Brands Home & Security Inc (NYSE:FBHS) saw some unusual options trading on Thursday. Investors purchased 1,330 call options on the stock. This is an increase of 1,179% compared to the average volume of 104 call options.

FBHS has been the topic of several research analyst reports. Robert W. Baird boosted their price target on Fortune Brands Home & Security from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $64.00 price target on the stock in a research note on Friday, October 25th. Royal Bank of Canada boosted their price target on Fortune Brands Home & Security from $61.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday. Jefferies Financial Group boosted their price target on Fortune Brands Home & Security from $67.00 to $73.00 and gave the company a “buy” rating in a research note on Friday. Finally, Zelman & Associates downgraded Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $61.00.

In other Fortune Brands Home & Security news, insider David Randich sold 11,906 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $60.96, for a total transaction of $725,789.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Danny Luburic sold 7,500 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $61.09, for a total value of $458,175.00. The disclosure for this sale can be found here. Insiders have sold a total of 132,323 shares of company stock worth $8,193,432 over the last ninety days. 1.63% of the stock is currently owned by corporate insiders.

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A number of hedge funds have recently modified their holdings of the business. Great Lakes Advisors LLC acquired a new position in shares of Fortune Brands Home & Security during the third quarter valued at approximately $277,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Fortune Brands Home & Security during the third quarter valued at approximately $94,000. D.A. Davidson & CO. raised its holdings in shares of Fortune Brands Home & Security by 6.8% during the third quarter. D.A. Davidson & CO. now owns 44,887 shares of the industrial products company’s stock valued at $2,455,000 after acquiring an additional 2,851 shares during the last quarter. Wellington Shields Capital Management LLC raised its holdings in shares of Fortune Brands Home & Security by 23.9% during the third quarter. Wellington Shields Capital Management LLC now owns 35,325 shares of the industrial products company’s stock valued at $1,932,000 after acquiring an additional 6,825 shares during the last quarter. Finally, Capital Management Associates NY acquired a new position in shares of Fortune Brands Home & Security during the third quarter valued at approximately $793,000. Institutional investors own 88.69% of the company’s stock.

Shares of FBHS traded down $0.09 during mid-day trading on Friday, reaching $63.06. The company had a trading volume of 1,116,228 shares, compared to its average volume of 1,393,636. The stock has a market capitalization of $8.72 billion, a P/E ratio of 18.88, a PEG ratio of 1.96 and a beta of 1.53. The stock has a 50 day moving average of $58.62 and a two-hundred day moving average of $54.51. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 0.89. Fortune Brands Home & Security has a 52-week low of $35.27 and a 52-week high of $63.23.

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Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Fortune Brands Home & Security had a return on equity of 21.55% and a net margin of 7.23%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 EPS. On average, sell-side analysts expect that Fortune Brands Home & Security will post 3.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.40%. Fortune Brands Home & Security’s dividend payout ratio is currently 26.35%.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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