Fortune Brands Home & Security Inc (NYSE:FBHS) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 3,784,800 shares, a decrease of 17.0% from the June 30th total of 4,559,000 shares. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is currently 2.9 days. Approximately 2.7% of the company’s stock are short sold.

In other Fortune Brands Home & Security news, Director A D. David Mackay sold 10,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $50.40, for a total transaction of $504,000.00. Following the completion of the sale, the director now owns 11,532 shares in the company, valued at $581,212.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $56.74, for a total transaction of $283,700.00. Following the sale, the director now owns 11,589 shares of the company’s stock, valued at approximately $657,559.86. The disclosure for this sale can be found here. Corporate insiders own 1.63% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC lifted its holdings in Fortune Brands Home & Security by 2.7% in the second quarter. Gateway Investment Advisers LLC now owns 7,494 shares of the industrial products company’s stock worth $428,000 after purchasing an additional 194 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Fortune Brands Home & Security by 0.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 24,722 shares of the industrial products company’s stock worth $1,177,000 after purchasing an additional 196 shares during the period. Boston Private Wealth LLC lifted its holdings in Fortune Brands Home & Security by 1.6% in the second quarter. Boston Private Wealth LLC now owns 12,241 shares of the industrial products company’s stock worth $699,000 after purchasing an additional 196 shares during the period. Cornerstone Advisors Inc. lifted its holdings in Fortune Brands Home & Security by 47.0% in the first quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 204 shares during the period. Finally, ETF Managers Group LLC lifted its holdings in Fortune Brands Home & Security by 10.9% in the first quarter. ETF Managers Group LLC now owns 2,451 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 87.38% of the company’s stock.

Several research firms have weighed in on FBHS. ValuEngine upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 target price for the company. in a research note on Monday, August 5th. Royal Bank of Canada boosted their target price on shares of Fortune Brands Home & Security to $56.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. SunTrust Banks boosted their target price on shares of Fortune Brands Home & Security to $50.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Finally, TheStreet upgraded shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research note on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $54.30.

Shares of Fortune Brands Home & Security stock traded down $0.12 during trading on Thursday, hitting $49.73. 853,100 shares of the stock were exchanged, compared to its average volume of 1,483,085. The company has a fifty day moving average of $54.54. The stock has a market cap of $6.98 billion, a PE ratio of 14.89, a PEG ratio of 1.55 and a beta of 1.54. The company has a current ratio of 1.13, a quick ratio of 0.69 and a debt-to-equity ratio of 0.77. Fortune Brands Home & Security has a 12 month low of $35.27 and a 12 month high of $58.15.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.03 EPS for the quarter, hitting the consensus estimate of $1.03. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.53 billion. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 21.81%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 earnings per share. Sell-side analysts expect that Fortune Brands Home & Security will post 3.6 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 30th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.77%. Fortune Brands Home & Security’s dividend payout ratio is currently 26.35%.

About Fortune Brands Home & Security

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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