Fortune Brands Home & Security Inc (FBHS) had declared a cash dividend of $0.1800 on Dec 13, 2016. The shares will quote ex-dividend on Feb 22, 2017 and the record date has been fixed for Feb 24, 2017. Based on Feb 22, 2017 share price, the yield comes out to be 1.3%. The dividend payable date has been fixed on Mar 15, 2017.
In a different note, On Dec 16, 2016, Macquarie said it Reinstates its rating on Fortune Brands Home & Security Inc. In the research note, the firm Announces the price-target to $65 per share. The shares have been rated ‘Outperform’ by the firm. On Dec 12, 2016, Goldman Sachs said it Downgrades its rating on Fortune Brands Home & Security Inc. According to the research note, Goldman Sachs Lowers the price target to $59 per share from a prior target of $62. The shares have been rated ‘Neutral’ by the firm.
Fortune Brands Home & Security Inc (FBHS) shares turned negative on Wednesdays trading session with the shares closing down -0.29 points or -0.51% at a volume of 9,88,001. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $57.41. The peak price level was also seen at $57.41 while the days lowest was $56.67. Finally the shares closed at $56.91. The 52-week high of the shares is $64.47 while the 52-week low is $49.73. According to the latest information available, the market cap of the company is $8,782 M.
Fortune Brands Home & Security Inc(FBHS) last announced its earnings results on Oct 26, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.28B. Analysts had an estimated revenue of $1.33B. Earnings per share were $0.80. The reported EPS was above estimates by $0.02 or 2.56%. Analysts had estimated an EPS of $0.78.
Several Insider Transactions has been reported to the SEC. On Aug 8, 2016, Christopher J Klein (Chief Executive Officer) sold 150,000 shares at $63.55 per share price.Also, On Aug 1, 2016, David Randich (President MasterBrand Cabinets) sold 55,600 shares at $63.12 per share price.On Aug 1, 2016, E Lee Wyatt (SVP and CFO) sold 150,000 shares at $63.59 per share price, according to the Form-4 filing with the securities and exchange commission.
Fortune Brands Home & Security Inc. is a holding company. The Company through its subsidiaries engaged in manufacture and sale of home and security products. The Company operates through four business segments: Cabinets Plumbing Doors and Security. The Cabinets segment provides cabinetry as well as vanities for the kitchen bath and other parts of the home through a regional supply chain footprint in North America. The Plumbing segment manufactures or assembles and sells faucets accessories and kitchen sinks in North America and China predominantly under the Moen brand. The Doors segment offers fiberglass and steel entry door systems under the Therma-Tru brand and urethane millwork product lines under the Fypon brand. The Security segment’s products consist of locks safety and security devices manufactured sourced and distributed under the Master Lock brand and fire resistant safes and commercial cabinets manufactured sourced and distributed under the SentrySafe brand.