Fortune Brands Home & Security, (NYSE:FBHS) has been the object of insider selling activity recently. Director Norman H. Wesley sold 18,202 shares at an average price of $62.67 on Thu the 8th. That brings the Director’s holdings to $0 as reported to the SEC. Christopher J. Klein, CEO sold $2,529,177 worth of shares at an average price of $63.13 on Wed the 31st. Klein now owns $23,089,734 of stock per an SEC filing yesterday.
Danny Luburic, Vice President & Controller disclosed the sale of 3,700 shares of (FBHS). The shares were purchased at an average price of $63.00. Luburic now owns $543,501 of the stock according to the SEC filing.
Fortune Brands Home & Security, Inc., launched on June 9, 1988, is a holding company. The Company is a home and security products company. The Company operates through four segments: Cabinets, Plumbing, Doors and Security. The Company sells its products through a range of sales channels, including kitchen and bath dealers, wholesalers oriented toward builders or professional remodelers, industrial and locksmith distributors, do-it-yourself remodeling-oriented home centers and other retail outlets. The Business’s subsidiaries include MasterBrand Cabinets, Inc., Moen Incorporated, Fortune Brands Global Plumbing Group LLC, Fortune Brands Doors, Inc. and Fortune Brands Storage & Security LLC..
The following firms have also recently changed their position in FBHS. Proficio Capital Partners LLC added to its investment by buying 22 shares an increase of 81.5% in the quarter. Proficio Capital Partners LLC now controls 49 shares with a value of $3,000. The value of the position overall is up by 50.0%. United States Steel & Carnegie Pension Fund trimmed its position by shedding 147,000 shares a decrease of 33.3% as of 09/30/2016. United States Steel & Carnegie Pension Fund owns 294,062 shares valued at $17,085,000. The total value of its holdings decreased 27.5%.
As of quarter end Fny Partners Fund Lp had acquired a total of 1,500 shares growing its stake by 42.9%. The value of the investment in Fortune Brands Home & Security, increased from $187,000 to $304,000 increasing 62.6% for the reporting period. Morgan Stanley downsized its ownership by selling 385 shares a decrease of 2.0% from 12/31/2016 to 03/31/2017. Morgan Stanley currently owns 18,607 shares worth $1,132,000. The value of the position overall is up by 11.5%.
Equity analyst Goldman Sachs both downgraded the stock and raised the price target on December 12 boosting the price target from $57.00 to $59.00 and altering the rating from “Buy” to “Neutral”. On December 12 the stock rating was downgraded from “Buy” to “Neutral” with a current price target of $59.00 in a statement from Goldman Sachs.
On November 15 analysts at Evercore ISI Group started covering FBHS setting a rating of “Buy”. On October 31, 2016 the stock rating was set at “Overweight” by JP Morgan which is up from the previous “Neutral” rating.
On October 18 the company was changed to a “Sector Weight” in a report from KeyBanc down from the previous “” rating. On September 29, 2016 Wells Fargo released its first research report on the stock giving it an initial rating of “Outperform”.
The company is now up by 0.89% since yesterday’s close of $62.75. Fortune Brands Home & Security, recently declared a dividend for shareholders that will be paid on Wed Jun 14, 2017. The dividend will be $0.180 per share for the quarter which comes to $0.72 on an annualized basis. This dividend represents a yield of $1.15. The ex-dividend date will be on Wednesday the 24th of May 2017.
Shares are trading at $63.31 marginally over $63.24, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $58.84. The 50 day moving average was up $0.07 or +0.10% whereas the 200 day moving average was up $4.47 or +7.60%.
The company currently has a P/E ratio of 23.11 and the market value is 9.74B. As of the last earnings report the EPS was $2.74 and is estimated to be $3.10 for the current year with 153,844,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.88 and the next full year EPS is anticipated to be $3.48.