Fortune Brands Home & Security (FBHS) has a market cap of $8.3 billion and rose 1.5% to close at $54.78 per share on January 6, 2017. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 1.4%, -0.67%, and 2.5%, respectively, on the same day.
FBHS is now trading 0.37% below its 20-day moving average, 0.41% below its 50-day moving average, and 4.7% below its 200-day moving average.
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FBHS’s rating and performance in 3Q16
On January 6, 2017, Barclays has initiated the coverage of Fortune Brands Home & Security with an “equal-weight” rating and set the stock’s price target at $59.0 per share.
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 from 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.
Notably, 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.