Fortune Brands Home & Security Inc $ 84.37 -3.36 (-3.83%)
Fortune Brands Home & Security Inc News and Headlines -
Fortune Brands Home & Security (FBHS) (FBHS - $85.72 - NYSE) is one of the leading manufacturers of products used in new home construction and repair & remodel with strong market positions in cabinets and plumbing products. Fortune Brands has been a key beneficiary of the pandemic-induced dislocations as consumers shifted spending to home repair and remodel. The company continues to post strong results with double-digit revenue growth and modest profitability improvement. Despite this, the stock struggled in the quarter as sentiment turned sour on Fortune Brands on elevated expectations. Underlying trends remain favorable and management expects sales growth
To Our Shareholders,
For the quarter ended September 30, 2020, the KEELEY Mid Cap Dividend Value Fund's net asset value ("NAV") per Class A share rose 2.84% compared with a 6.40% gain for the Russell Mid Cap Value Index. For the year-to-date, the Fund is down -19.08% compared with a -12.84% fall for the benchmark.
The market continued its recovery in the third quarter in tandem with the economy. It should not be a big surprise that the economy rebounded sharply given that the second quarter fall was so severe and the reason for the decline was transient. Second
Fortune Brands Home & Security (FBHS) (FBHS - $86.52 – NYSE) is one of the leading manufacturers of products used in new home construction and repair & remodel with strong market positions in cabinets and plumbing products. Fortune Brands is a key bene ciary of the pandemic-induced dislocations as consumers shifted spending to home repair and remodel driving strong growth and pro tability in the company's agship plumbing brand Moen and composite decking Fiberon business. e improvement in new home construction should drive improvement in the cabinets segment as the value-priced o erings have performed well in this environment.
To Our Shareholders,
For the quarter ended September 30, 2020, the Keeley Small-Mid Cap Value Fund's net asset value ("NAV") per Class A share rose 4.49% compared with a 3.54% gain for the Russell 2500 Value Index. For the year-to-date, the Fund is now down -22.39% compared with an -18.39% fall for the benchmark.
The market continued its recovery in the third quarter in tandem with the economy. It should not be a big surprise that the economy rebounded sharply given that the second quarter fall was so severe and the reason for the decline was transient. Second quarter
Fortune Brands Home & Security Inc (FBHS), Servisfirst Bancshares Inc (SFBS) and Mackinac Financial Corp (MFNC) announced quarterly dividends on Monday, Sept. 21.
These stocks draw the attention of dividend investors because they represent loyal payers who have topped the S&P 500 index in terms of a higher dividend growth rate over the last few years. As a benchmark for the U.S. market, the S&P 500 index has grown its real dividend per share at a compound annual growth rate (CAGR) of 5.77% over the past year and of 6.3% over the past three years.
Fortune Brands Home & Security
Looking for stocks with high earnings yields can raise your chances of discovering value opportunities. One way to measure this is by looking for stocks that outperform the 20-year high-quality market corporate bonds. This benchmark, which hints at a near-zero investment risk as it represents the corporate loan issued by triple-A, double-A and single-A rated companies, yields a monthly spot rate of 3.35% as of March 29.
Thus, value investors should consider the following stocks, as their earnings yields are more than double the above-listed percentage of return of the risk-free rate investment. These stocks also have price-earnings ratios of
Three long-term dividend payers declared quarterly dividends on Monday.
Shares of Fortune Brands Home & Security Inc. (FBHS) were unchanged at $53.19 in after-hours trading on Monday after the company announced a quarterly dividend of 22 cents per share, which was in line with the previous distribution.
On Dec. 18, the company, which manufactures home fixtures and hardware, will pay the dividend to shareholders of record as of Nov. 29. The ex-dividend date is Nov. 27.
The payment produces a 1.67% forward dividend yield based on Monday's closing share price. This compares to the industry median of 2.61% and the
Scott Black (Trades, Portfolio), chief investment officer of Delphi Management Inc., disclosed this week his top five buys for the first quarter were Fortune Brands Home & Security Inc. (FBHS), Masco Corp. (MAS), SVB Financial Group (SIVB), Terex Corp. (TEX) and Sanmina Corp. (SANM).
Black, a disciple of the Graham-Dodd school of value investing, pursues a conservative investment strategy that emphasizes the fundamental performance of underlying companies. According to his firm’s website, Delphi believes investments should be purchased at a low absolute valuation. Further, Delphi contacts company management before committing client money to the stock.
While gurus hold positions in these companies, the stock prices and returns continue to fall. The following are the worst-performing stocks over the last three months with a long-term presence in more than four gurus’ portfolios.
Lam Research Corp. (LRCX) had a negative performance of 25% over the last six months. The stock is held by 16 gurus.
The company, which operates in the semiconductor industry, has a market cap of $22.69 billion. The stock is trading with a price-earnings ratio of 11.29. As of Monday, the stock price of $146 is 36.56%
Dear Fellow Shareholder,
Despite economic and political turmoil, equity markets performed well across the board in September of 2013 and over the trailing twelve months. The September gains reversed losses in August and also resulted in positive overall quarterly performance with a number of major indexes moving further into record territory. After disturbing the markets in May and June with comments that they may taper Quantitative Easing (QE), the Fed surprised investors with an announcement that it would not reduce its asset purchases in the near-term. The announcement removed fears that a continued rise in interest rates may stall the