Short Interest in Fortune Brands Home & Security Inc (NYSE:FBHS) Declines By 10.1%

Fortune Brands Home & Security Inc (NYSE:FBHS) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 2,770,000 shares, a decline of 10.1% from the August 15th total of 3,080,000 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is presently 2.5 days.

In related news, Director A D. David Mackay sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 11,532 shares in the company, valued at $581,212.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.63% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Gateway Investment Advisers LLC boosted its position in shares of Fortune Brands Home & Security by 2.7% during the second quarter. Gateway Investment Advisers LLC now owns 7,494 shares of the industrial products company’s stock worth $428,000 after acquiring an additional 194 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Fortune Brands Home & Security by 0.8% during 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 acquiring an additional 196 shares during the last quarter. Boston Private Wealth LLC boosted its position in shares of Fortune Brands Home & Security by 1.6% during the second quarter. Boston Private Wealth LLC now owns 12,241 shares of the industrial products company’s stock worth $699,000 after acquiring an additional 196 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Fortune Brands Home & Security by 47.0% during the first quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 204 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Fortune Brands Home & Security by 6.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,920 shares of the industrial products company’s stock worth $187,000 after acquiring an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 87.88% of the company’s stock.

Shares of FBHS traded up $0.22 during mid-day trading on Monday, reaching $54.70. The stock had a trading volume of 815,500 shares, compared to its average volume of 1,384,027. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.65 and a beta of 1.52. Fortune Brands Home & Security has a 12 month low of $35.27 and a 12 month high of $58.15. The business has a fifty day moving average of $51.83 and a 200 day moving average of $51.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.69 and a current ratio of 1.13.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 29th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.61%. Fortune Brands Home & Security’s dividend payout ratio is 26.35%.

FBHS has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price target for the company. in a research report on Monday, August 5th. Loop Capital lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price target for the company. in a research report on Tuesday, July 2nd. TheStreet upgraded shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research report on Friday, June 28th. Finally, ValuEngine lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $53.00.

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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