Fortune Brands Home & Security, Inc. provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors. The Outdoors & Security segment offers fiberglass and steel entry door systems under the Therma-Tru brand; storm, screen, and security doors under the Larson brand; composite decking and railing under the Fiberon brand; and urethane millwork under the Fypon brand. This segment also manufactures, sources, and distributes locks, safety and security devices, and electronic security products under the Master Lock and American Lock brands; and fire resistant safes, security containers, and commercial cabinets under the SentrySafe brand. It serves home centers, hardware and other retailers, millwork building products and wholesale distributors, specialty dealers, and remodeling and renovation markets, as well as locksmiths, industrial and institutional users, and original equipment manufacturers in the United States, Canada, Europe, Central America, Japan, and Australia. The Cabinets segment manufactures custom, semi-custom, and custom 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 under the AOK, Diamond Brands, Homecrest, Kitchen Craft, Omega, and EVE brands. The company was incorporated in 1988 and is headquartered in Deerfield, Illinois.
Fortune Brands Home & Security Stock Performance
Shares of Fortune Brands Home & Security stock traded up $2.19 on Thursday, hitting $70.07. 5,629 shares of the company's stock were exchanged, compared to its average volume of 1,157,107. The company has a 50-day simple moving average of $64.55 and a 200-day simple moving average of $74.15. The stock has a market capitalization of $9.06 billion, a PE ratio of 12.27, a PEG ratio of 1.39 and a beta of 1.56. Fortune Brands Home & Security has a 1 year low of $56.86 and a 1 year high of $109.23. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.12 and a current ratio of 2.13.
Fortune Brands Home & Security (NYSE:FBHS - Get Rating) last released its earnings results on Wednesday, July 27th. The industrial products company reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.09. Fortune Brands Home & Security had a net margin of 9.41% and a return on equity of 26.19%. The company had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter in the previous year, the company earned $1.56 EPS. Fortune Brands Home & Security's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities analysts anticipate that Fortune Brands Home & Security will post 6.41 EPS for the current year.
Fortune Brands Home & Security Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Friday, August 26th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.60%. The ex-dividend date is Thursday, August 25th. Fortune Brands Home & Security's payout ratio is currently 20.25%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Truist Financial dropped their target price on shares of Fortune Brands Home & Security from $115.00 to $100.00 in a report on Friday, April 29th. Robert W. Baird increased their target price on shares of Fortune Brands Home & Security to $80.00 in a report on Monday, July 25th. JPMorgan Chase & Co. lowered their price objective on shares of Fortune Brands Home & Security from $84.00 to $77.00 in a report on Friday, July 15th. TheStreet lowered shares of Fortune Brands Home & Security from a "b-" rating to a "c+" rating in a report on Tuesday, July 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Fortune Brands Home & Security from $76.00 to $66.00 and set an "equal weight" rating for the company in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $89.54.