Short Interest in Fortune Brands Home & Security, Inc. (NYSE:FBHS) Grows By 38.6%

Fortune Brands Home & Security, Inc. (NYSE:FBHS) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,830,000 shares, an increase of 38.6% from the August 15th total of 1,320,000 shares. Based on an average trading volume of 719,400 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.3% of the shares of the stock are sold short.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sargent Bickham Lagudis LLC raised its stake in Fortune Brands Home & Security by 362.3% during the second quarter. Sargent Bickham Lagudis LLC now owns 319 shares of the industrial products company’s stock valued at $32,000 after buying an additional 250 shares in the last quarter. IFP Advisors Inc grew its holdings in Fortune Brands Home & Security by 48.5% in the 2nd quarter. IFP Advisors Inc now owns 343 shares of the industrial products company’s stock worth $34,000 after buying an additional 112 shares in the last quarter. Vigilant Capital Management LLC bought a new position in Fortune Brands Home & Security during the 2nd quarter valued at $40,000. Strategic Blueprint LLC bought a new position in Fortune Brands Home & Security during the 2nd quarter valued at $44,000. Finally, Meridian Wealth Partners LLC boosted its stake in shares of Fortune Brands Home & Security by 20.8% during the 1st quarter. Meridian Wealth Partners LLC now owns 679 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 117 shares in the last quarter. 87.18% of the stock is owned by institutional investors.

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on Fortune Brands Home & Security in a report on Thursday, July 15th. They issued an “equal weight” rating and a $105.00 price target for the company. Loop Capital raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Tuesday, June 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fortune Brands Home & Security currently has a consensus rating of “Buy” and a consensus target price of $104.07.

Fortune Brands Home & Security stock traded down $0.13 during trading on Tuesday, hitting $93.18. The company’s stock had a trading volume of 2,544 shares, compared to its average volume of 807,814. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 18.15 and a beta of 1.63. The stock’s fifty day moving average is $98.00 and its 200 day moving average is $98.99. Fortune Brands Home & Security has a 1-year low of $78.81 and a 1-year high of $114.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.10 and a current ratio of 1.87.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Tuesday, July 27th. The industrial products company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.17. Fortune Brands Home & Security had a return on equity of 26.52% and a net margin of 10.30%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. On average, research analysts anticipate that Fortune Brands Home & Security will post 5.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Friday, August 27th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 26th. Fortune Brands Home & Security’s payout ratio is 24.82%.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc manufactures and supplies home and security products and services. The company operates through the following segments: Cabinets, Plumbing, Outdoors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities, for the kitchen, bath and other parts.

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