Short Interest in Fortune Brands Home & Security Inc (NYSE:FBHS) Decreases By 5.0%

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Fortune Brands Home & Security Inc (NYSE:FBHS) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 3,780,000 shares, a drop of 5.0% from the April 30th total of 3,980,000 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average daily volume of 1,640,000 shares, the days-to-cover ratio is currently 2.3 days.

FBHS has been the topic of several recent analyst reports. Nomura Securities raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and lifted their target price for the company from $43.00 to $55.00 in a research note on Friday, April 17th. Barclays reaffirmed a “sell” rating and issued a $45.00 price objective on shares of Fortune Brands Home & Security in a research note on Sunday, May 3rd. JPMorgan Chase & Co. reduced their price objective on Fortune Brands Home & Security from $78.00 to $49.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Robert W. Baird downgraded Fortune Brands Home & Security from an “outperform” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a research note on Thursday, April 16th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Fortune Brands Home & Security in a research note on Sunday, May 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.92.

NYSE FBHS opened at $60.54 on Friday. The company has a market cap of $8.32 billion, a P/E ratio of 18.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.97 and a current ratio of 1.54. The business’s 50 day moving average price is $48.39 and its 200-day moving average price is $59.26. Fortune Brands Home & Security has a fifty-two week low of $33.90 and a fifty-two week high of $73.28.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.12. Fortune Brands Home & Security had a return on equity of 22.56% and a net margin of 7.81%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.63 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts predict that Fortune Brands Home & Security will post 2.88 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 29th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, May 28th. Fortune Brands Home & Security’s payout ratio is currently 26.67%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Verus Capital Partners LLC purchased a new position in Fortune Brands Home & Security during the 4th quarter valued at $25,000. Duncker Streett & Co. Inc. purchased a new position in Fortune Brands Home & Security during the 4th quarter valued at $26,000. TRUE Private Wealth Advisors purchased a new position in Fortune Brands Home & Security during the 4th quarter valued at $29,000. Advisory Services Network LLC boosted its holdings in Fortune Brands Home & Security by 144.5% during the 4th quarter. Advisory Services Network LLC now owns 489 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 289 shares during the period. Finally, Atlas Private Wealth Management purchased a new position in Fortune Brands Home & Security during the 4th quarter valued at $32,000. Institutional investors own 88.61% of the company’s stock.

Fortune Brands Home & Security Company Profile

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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