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Fortune Brands Home & Security Declares a Dividend

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Dec. 15 2016, Published 4:21 p.m. ET

Price movement

Fortune Brands Home & Security (FBHS) has a market cap of $8.7 billion. It rose 1.1% to close at $56.02 per share on December 14, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 0.63%, 0.17%, and 2.1%, respectively, on the same day.

FBHS is now trading 0.07% below its 20-day moving average, 1.5% above its 50-day moving average, and 2.2% below its 200-day moving average.

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Related ETF and peers

The iShares Russell 3000 ETF (IWV) invests 0.04% of its holdings in FBHS. The YTD price movement of IWV was 13.1% on December 14.

The market caps of FBHS’s competitors are as follows:

  • Stanley Black & Decker (SWK): $17.9 billion
  • Masco (MAS): $10.7 billion
  • Spectrum Brands Holdings (SPB): $7.2 billion

FBHS declared dividend

Fortune Brands Home & Security has declared a quarterly cash dividend of $0.18 per share on its common stock. The dividend will be paid on March 15, 2017, to shareholders of record at the close of business on February 24, 2017.

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Fortune Brands’ performance in 3Q16

Fortune Brands Home & Security reported 3Q16 net sales of $1.3 billion, which is a YoY (year-over-year) rise of 3.2% over its net sales of $1.2 billion in 3Q15. Sales for the Plumbing, Doors, and Security segments rose 7.3%, 4.4%, and 6.3%, respectively, in 3Q16 YoY. The company’s operating margin rose 140 basis points in 3Q16 YoY.

FBHS’s net income and EPS (earnings per share) rose to $123.4 million and $0.77, respectively, in 3Q16, as compared to $107.5 million and $0.61, respectively, in 3Q15. It reported adjusted EPS of $0.80 in 3Q16, which represents a YoY rise of 25.0%.

Its cash and cash equivalents and inventories rose 16.8% and 1.2%, respectively, in 3Q16 YoY.

Projections

Fortune Brands Home & Security (FBHS) made the following projections for fiscal 2016:

  • sales growth of 9.0%–10.0%
  • EPS before charges and gains of $2.72–$2.76
  • free cash flow of ~$400 million

Now we’ll look at Mondelēz International (MDLZ).

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