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Fortune Brands Home & Security, Inc. (FBHS)

NYSE - Nasdaq Real Time Price. Currency in USD
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69.00-0.49 (-0.71%)
At close: 04:03PM EDT
69.00 -0.02 (-0.03%)
After hours: 04:03PM EDT
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  • u
    unenlightenedliberal
    FBHS bagholders, uh, I mean, shareholders. Just look at a chart comparing FBHS to MAS, the arch-rival main competitor. Go ahead, over any timeframe; 1 month to 6 month, ytd, 1 year, 2 year...all the way to when FBHS came into being. It's not pretty, Underperformance to competition. As I have said repeatedly, I worked for one of the FBHS divisions for almost 20 years. Underperformance to competition would have gotten you walking papers after a short while. Why is it then that this executive team is allowed to continue to make bank? Not completely a rhetorical question but you should think twice about where you invest your hard-earned money. My money is on MAS to continue their dominance due to a superior executive team.
  • J
    Joe
    up 4% today.
  • u
    unenlightenedliberal
    Well, well, well. Look what showed up today. Chris Klein sells another $6MM. So, revising the totals I posted yesterday; IN THE PAST 3 WEEKS, insiders,especially Chris Klein, have sole 229,000+ shares totaling $14.5MM+! Yep, you read that correctly. See the link for yourself.

    https://finance.yahoo.com/quote/FBHS/insider-transactions?p=FBHS
  • u
    unenlightenedliberal
    Hello all, I haven't posted here in quite a while but I just wanted to bring everyone up to date on the wheeling/dealings by Christopher Klein. Y'all remember him, right? Well, I was just reviewing some filings and thought some of you might be interested to know HOW MUCH MONEY HE HAS CASHED IN since November 2019. Keep in mind that his FBHS stock sales in 2021 have been nil so, actually the sales were predominately in 2020. Ready, try $70,320,974! Now, my issue isn't that he sold shares. My issue is what in the world could he have possibly done to warrant that kind of compensation? And it isn't all accumulated over the years. If you look back I have been posting his sales for quite some time now and the compensation is mindboggling. The Compensation Committee is rubberstamping it. And now that Fink is more or less in charge you can tell from his recent and accelerating stock sales that the Committee is still permitting obscene executive pay (although not as much as with Klein). And here's the real rub with respect to Klein's compensation. Just take a look at the chart since FBHS launched compared to MAS, the hated main competitor to FBHS. Yep, you guessed it; underperformance vs the competition. That kind of longterm performance would have gotten you the ax in any of the individual companies under the corporate umbrella. So, take solace in the decent performance of your FBHS shares, I do. But never lose sight of the extravagant compensation given to the executives of this company and for goodness sake vote your proxies, especially with respect to executive pay. Oh, and just let me leave you with this number again. 70,320,974! In the past 24mo alone...
  • u
    unenlightenedliberal
    A few excerpts from the article below:

    "The company has a dismal earnings surprise history. In the trailing four quarters, its earnings surpassed the Zacks Consensus Estimate once and missed thrice, the average negative earnings surprise being 4.54%. Notably, in the last reported quarter, the company posted earnings of 93 cents, which missed the Zacks Consensus Estimate of $1.05 by 11.43%.

    Over the past six months, the company’s shares have lost 25.8%, wider than 11.5% decline recorded by the industry it belongs to."

    https://finance.yahoo.com/news/fortune-brands-home-security-inc-110505171.html
    Looking at Fortune Brands Home & Security, Inc.'s (NYSE:FBHS) earnings update in September 2018, analyst consensus outlook appear conservative, with earnings growth rate expected to be 19% next year, whichRead More...
    Looking at Fortune Brands Home & Security, Inc.'s (NYSE:FBHS) earnings update in September 2018, analyst consensus outlook appear conservative, with earnings growth rate expected to be 19% next year, whichRead More...
    finance.yahoo.com
  • J
    Julie
    Does anyone really believe that this market is not being manipulated and destroyed from big money?? Imo its almost like this administration and the money at top are purposely trying to ruin our economy and individual retirement and investment accounts. How can every investor NOT BE OUTRAGED!
  • u
    unenlightenedliberal
    FBHS raises dividend. Sound good? Think again. It is nothing more than a feeble attempt to placate investors so Chris Klein can keep a hold of his job. Here are some excerpts from the article;

    "Weak sentiments toward the stock can also be seen from the downward revision in earnings estimates for 2018 and 2019. The Zacks Consensus Estimate for earnings per share is currently pegged at $3.43 for 2018 and $3.86 for 2019, reflecting the decline of 5.8% and 7% from the respective tallies 60 days ago" Got that? 60 days ago!

    And this, "Further, the company’s stock price has decreased 22.2% in the past three months compared with the industry’s 15.5% decline". 22% decline in share price over the PAST 3 MONTHS! AND lagging the industry, in other words, sever under-performance vis a vis competitors and their markets in general. Oh, btw, stock is down 45% since January and down on a ytd, 1yr, 3yr and 5yr timeframe. That, friends, is a marked TREND.

    Cutting budgets, laying off workers, pandering to shareholders. All desperate acts of a CEO who has utterly FAILED the business.
    Fortune Brands (FBHS) rewards shareholders with 10% hike in the quarterly dividend rate. This underpins the company's strong cash position.
    Fortune Brands (FBHS) rewards shareholders with 10% hike in the quarterly dividend rate. This underpins the company's strong cash position.
    finance.yahoo.com
  • u
    unenlightenedliberal
    Another insider/director selling. I'll save you the math...in the past 3 weeks insiders have sold 132K shares totaling $8.2MM. And make no mistake, these shares were either given to them or optioned at hugely discounted purchase prices. They did not and do not have a skin in the game. Nevertheless, the insider selling is accelerating. Make of it what you will... Maybe they need it for Christmas gifts, who knows?

    https://finance.yahoo.com/quote/FBHS/insider-transactions?p=FBHS
  • u
    unenlightenedliberal
    FBHS underperforming relative to the market and competitors. Look at 5 year chart of FBHS and MAS. If you worked for them you would be on thin ice or already gone. Why in the world is Chris Klein still the CEO?
  • u
    unenlightenedliberal
    New 52 week low today. Oof
  • u
    unenlightenedliberal
    Inching downward toward 52 week low. Isn't share price a significant measure of CEO performance? Where is Bill Ackman when you need him?
  • u
    unenlightenedliberal
    CEO, Chris Klein has lost control over the company. Cannot generate revenue growth, much less bottom line increases from existing businesses. Must continue to search for ways too acquire companies to coax any kind of decent looking financial results. In addition he has stooped to share buybacks that serve only to artificially inflate EPS which is how he is compensated. Worst kind of management activity. Should be investing in CAPEX and the workers.
  • u
    unenlightenedliberal
    I have been saying this for years (see posts to this medium). Now it is being written about.

    https://finance.yahoo.com/news/worry-fortune-brands-home-security-105925328.html
    Chris Klein has been the CEO of Fortune Brands Home & Security, Inc. (NYSE:FBHS) since 2010. First, this article will...
    Chris Klein has been the CEO of Fortune Brands Home & Security, Inc. (NYSE:FBHS) since 2010. First, this article will...
    finance.yahoo.com
  • u
    unenlightenedliberal
    Quote from the article "huge debt remains a problem". Increasing interest rates and ever-increasing, huge debt is a recipe for disaster as servicing the huge debt becomes more costly. Chris Klein's smoke and mirrors are fogging up...

    https://finance.yahoo.com/news/fortune-brands-fbhs-prices-600m-135001725.html
    Fortune Brands (FBHS) prices senior notes worth $600 million. It intends to use net proceeds in repaying debts under its revolving credit facility.
    Fortune Brands (FBHS) prices senior notes worth $600 million. It intends to use net proceeds in repaying debts under its revolving credit facility.
    finance.yahoo.com
  • R
    Ray
    There is no reason for FBHS to be down because some analyst downgraded it based on what????. Give me a break!
    Bullish
  • u
    unenlightenedliberal
    Stock price is down 27% from 52 week high. Miserable performance. FBHS is also under-performing its main competitor, MAS, based on any timeframe one could look at, back to when FBHS went public. How on earth does Chris Klein continue in his position and why is he allowed to siphon off millions of dollars when, by any benchmark, the company, as evidenced by share price, is not merely under-performing but has been a terrible investment? Hey, many investments in the past 8-10 years have been lifted by a broad-based rising tide. Market conditions for FBHS have been and continue to be ideal, yet the stock price is beaten down. Conditions are still ripe and it is time for some improvement. Where is Bill Ackman when you need him?
  • u
    unenlightenedliberal
    In January 2018 the share price was $73+. Now it is $53. Down 27% in 8 months. All three major indices (Dow, Nasdaq and S&P) are up comfortably. Main competitor, MAS, is down during same time frame but only 10%. Anyone else have a problem with the CEO's compensation?
  • u
    unenlightenedliberal
    Zack's has a Sell Rating on FBHS going into earnings announcements.
    https://finance.yahoo.com/news/fortune-brands-fbhs-disappoint-earnings-141502381.html
    Increasing cost of sales and operating expenses, and weak housing starts will weigh on Fortune Brands Home & Security's (FBHS) second-quarter results.
    Increasing cost of sales and operating expenses, and weak housing starts will weigh on Fortune Brands Home & Security's (FBHS) second-quarter results.
    finance.yahoo.com
  • u
    unenlightenedliberal
    Insiders selling.

    Insider Transaction Type Value Date Shares
    RANDICH DAVID M
    Officer Sale at price 60.96 per share. Direct 725,784 Oct 27, 2019 11,906
    LUBURIC DANNY
    Officer Sale at price 61.09 per share. Direct 458,191 Oct 24, 2019 7,50
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