Fortune Brands Home & Security Inc (NYSE:FBHS) Given Average Rating of “Hold” by Analysts


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Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) have received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $54.30.

Several brokerages recently issued reports on FBHS. Zacks Investment Research cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 target price on the stock. in a research report on Monday, August 5th. TheStreet upgraded Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research note on Friday, June 28th. Loop Capital lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 target price on the stock. in a research note on Tuesday, July 2nd. Finally, Bank of America upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $64.00 in a research note on Monday, May 6th.

Shares of Fortune Brands Home & Security stock opened at $51.06 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.69 and a current ratio of 1.13. Fortune Brands Home & Security has a 52 week low of $35.27 and a 52 week high of $58.15. The stock has a 50 day moving average price of $52.71 and a two-hundred day moving average price of $51.19. The stock has a market capitalization of $6.96 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.51 and a beta of 1.54.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.03. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts forecast that Fortune Brands Home & Security will post 3.6 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 30th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.35%.

In related news, Director A D. David Mackay sold 10,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $50.40, for a total transaction of $504,000.00. Following the completion of the transaction, the director now directly owns 11,532 shares in the company, valued at $581,212.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $56.74, for a total value of $283,700.00. Following the transaction, the director now owns 11,589 shares of the company’s stock, valued at $657,559.86. The disclosure for this sale can be found here. 1.63% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in shares of Fortune Brands Home & Security in the 2nd quarter worth approximately $27,000. Berman Capital Advisors LLC grew its stake in shares of Fortune Brands Home & Security by 454.7% in the 1st quarter. Berman Capital Advisors LLC now owns 588 shares of the industrial products company’s stock worth $28,000 after buying an additional 482 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in shares of Fortune Brands Home & Security by 47.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after buying an additional 204 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Fortune Brands Home & Security in the 1st quarter worth approximately $31,000. Finally, Bremer Bank National Association purchased a new stake in shares of Fortune Brands Home & Security in the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 88.10% of the company’s stock.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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Analyst Recommendations for Fortune Brands Home & Security (NYSE:FBHS)

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