Fortune Brands Home & Security Inc. (NYSE:FBHS) has a beta value of 1.62 and has seen 0.57 million shares traded in the last trading session. The company, currently valued at $13.67B, closed the last trade at $98.14 per share which meant it lost -$0.97 on the day or -0.98% during that session. The FBHS stock price is -16.16% off its 52-week high price of $114.00 and 19.7% above the 52-week low of $78.81. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.63 million shares traded. The 3-month trading volume is 715.67K shares.
The consensus among analysts is that Fortune Brands Home & Security Inc. (FBHS) is an Overweight stock at the moment, with a recommendation rating of 2.40. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 6 out of 17 have rated it as a Hold, with 8 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.4.
Fortune Brands Home & Security Inc. (NYSE:FBHS) trade information
Sporting -0.98% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the FBHS stock price touched $98.14 or saw a rise of 4.12%. Year-to-date, Fortune Brands Home & Security Inc. shares have moved 14.49%, while the 5-day performance has seen it change -3.54%. Over the past 30 days, the shares of Fortune Brands Home & Security Inc. (NYSE:FBHS) have changed -1.14%. Short interest in the company has seen 1.6 million shares shorted with days to cover at 1.85.
Wall Street analysts have a consensus price target for the stock at $117.38, which means that the shares’ value could jump 16.39% from current levels. The projected low price target is $95.00 while the price target rests at a high of $133.00. In that case, then, we find that the current price level is -35.52% off the targeted high while a plunge would see the stock lose 3.2% from current levels.
Fortune Brands Home & Security Inc. (FBHS) estimates and forecasts
Figures show that Fortune Brands Home & Security Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 12.86% over the past 6 months, with this year growth rate of 37.95%, compared to 21.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 48.90% and 17.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 24.20%.
15 analysts offering their estimates for the company have set an average revenue estimate of $1.89 billion for the current quarter. 15 have an estimated revenue figure of $1.95 billion for the next quarter concluding in Sep 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 16.00% over the past 5 years. Earnings growth for 2021 is a modest 29.10% while over the next 5 years, the company’s earnings are expected to increase by 8.70%.
Fortune Brands Home & Security Inc. is expected to release its next earnings report between October 26 and November 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.04 at a share yield of 1.06%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.31%.
Fortune Brands Home & Security Inc. (NYSE:FBHS)’s Major holders
Insiders own 0.48% of the company shares, while shares held by institutions stand at 89.93% with a share float percentage of 90.36%. Investors are also buoyed by the number of investors in a company, with Fortune Brands Home & Security Inc. having a total of 927 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 14.73 million shares worth more than $1.26 billion. As of Dec 30, 2020, Vanguard Group, Inc. (The) held 10.64% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 13.03 million shares as of Dec 30, 2020. The firm’s total holdings are worth over $1.12 billion and represent 9.41% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Fidelity Contrafund Inc. As of Dec 30, 2020, the former fund manager holds about 2.84% shares in the company for having 3.93 million shares of worth $336.69 million while later fund manager owns 3.54 million shares of worth $293.9 million as of Feb 27, 2021, which makes it owner of about 2.55% of company’s outstanding stock.