Fortune Brands Home & Security cuts dividend by ~18%

But the analyst who called the Lehman Collapse says to expect a “Cash Frenzy” instead. On January 1, 2020, she became non-executive chair of the Board of Directors, succeeding Christopher J. Klein, who had held the executive board chair position from January 1, 2020, to December 31, 2020. Prior to Klein, David M. Thomas served as chair of the board from 2011 to December 31, 2019. As of the end of 2021, Fortune Brands increased its annual sales every year since its first full year as an independently traded company. In August 2022, Fortune Brands acquired Aqualisa Holdings, a shower products manufacturer, for $160 million.

First Horizon Advisors Inc. now owns 637 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 545 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Fortune Brands Home & Security in the second quarter worth approximately $46,000. Ronald Blue Trust Inc. acquired a new position in Fortune Brands Home & Security in the second quarter worth approximately $62,000.

Mergers, acquisitions and divestitures

These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies. Fortune Brands Home & Security Inc. will separate into two companies on Dec. 14 following the spinoff of its MasterBrand Inc. cabinets business, with Fortune Brands changing its name to Fortune Brands Innovations Inc., the company said Tuesday.

fortune brands home and security

Style is calculated by combining value and growth scores, which are first individually calculated. Invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. As COVID hits new highs in cases, deaths, and hospitalizations, investors are becoming increasingly concerned. For investors looking to make the most of this market, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Buys. Data, information, or opinions contained in Quantalytics in any form give no consideration to any particular individuals' investment needs or objectives, nor do they consider any individuals' financial condition.

First Solar To Replace Fortune Brands Home & Security In S&P 500

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fortune brands home and security

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Outright sales by several of our Ultimate Stock-Pickers provide us with additional insight into their sell disciplines; selling activity is centered more on position trimming than eliminations.

Fortune Brands Home & Security, Inc. completed the Spin-Off of MasterBrand Cabinets, Inc.

We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. Fortune Brands Home & Security is spinning off MasterBrand in a transaction expected to be completed December 15. Post spin-off, Fortune Brands Home & Security will have a name and symbol change to Fortune Brands Innovations Inc. and will be more representative of the midcap market space. Lee Wyatt, who had held the chief financial officer role at Fortune Brands from 2011 through June 30, 2017.

The $2.0 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names. Fortune Brands' Outdoors & Security segment is headquartered in Maumee, Ohio. Formerly operating under "Doors & Security", its name was changed to Outdoors & Security in November 2020 preceding the acquisition of Larson in December 2020. Fortune Brands acquired Solar Innovations in January 2022 to support the segment’s outdoor living strategy. Other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in shares of Fortune Brands Home & Security by 592.4% in the second quarter.

Profitability Metrics

Fortune Brands Home & Security, Inc. began trading on the New York Stock Exchange under the ticker symbol FBHS on October 3, 2011. Prior to its spin-off, the company operated as a division of the former Fortune Brands, Inc. holding company. Following the separation, Fortune Brands, Inc. changed its name to Beam Inc. and retained no ownership interest in Fortune Brands Home & Security, Inc. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

fortune brands home and security

Any forward looking estimates presented by Quantalytics may prove to be incorrect and not be realized. Any data, information, or opinions expressed in any form may change without notice. The data, information and opinions presented have been obtained or derived from sources believed by Quantalytics to be reliable. Quantalytics does not make any representations as to their accuracy or completeness.

Morningstar‘s Stock Analysis FBHS

Fortune Brands Home & Security is a leading home and security products company that operates three segments. The company’s $2.9 billion cabinets segment, which will be spun off in early 2023, sells cabinets and vanities under the MasterBrand family of brands. The $2.8 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures.

fortune brands home and security

While these stocks are ranked ATTRACTIVE, we believe the best buys for long positions are TOP BUYS which are A-rated stocks. A-RATED STOCKS are those stocks the Big Data multi-factor models score as most probable to rise in price. Fortune Brands' Cabinets segment is headquartered in Jasper, Indiana. MasterBrand Cabinets manufacturers and sells stock and semi-custom and custom cabinetry, as well as vanities for the kitchen, bath and other parts of the home. Brands within the MasterBrand Cabinets portfolio include Omega, Decora, Diamond, Aristokraft, Urbana and Mantra.

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