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

Fortune Brands Home & Security Inc (NYSE:FBHS) has earned an average recommendation of “Hold” from the fifteen research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $61.36.

Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. TheStreet downgraded Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a research note on Friday, October 26th. Nomura cut their price target on Fortune Brands Home & Security from $56.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. SunTrust Banks cut their price target on Fortune Brands Home & Security to $46.00 and set a “hold” rating for the company in a research note on Friday, October 26th. Finally, Loop Capital cut their price target on Fortune Brands Home & Security to $59.00 and set a “buy” rating for the company in a research note on Thursday, October 25th.

In related news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $51.31, for a total transaction of $256,550.00. Following the sale, the director now owns 14,142 shares of the company’s stock, valued at approximately $725,626.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.71% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Arizona State Retirement System raised its holdings in shares of Fortune Brands Home & Security by 43.1% in the 2nd quarter. Arizona State Retirement System now owns 79,155 shares of the industrial products company’s stock valued at $4,250,000 after acquiring an additional 23,848 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Fortune Brands Home & Security in the 2nd quarter valued at about $2,323,000. Tower Bridge Advisors raised its holdings in shares of Fortune Brands Home & Security by 12.4% in the 3rd quarter. Tower Bridge Advisors now owns 70,152 shares of the industrial products company’s stock valued at $3,673,000 after acquiring an additional 7,730 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Fortune Brands Home & Security by 17.7% in the 2nd quarter. Bank of America Corp DE now owns 734,818 shares of the industrial products company’s stock valued at $39,451,000 after acquiring an additional 110,464 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Fortune Brands Home & Security by 287.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 117,945 shares of the industrial products company’s stock valued at $6,332,000 after acquiring an additional 87,539 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of FBHS stock traded down $0.58 on Monday, hitting $43.49. 1,969,505 shares of the stock were exchanged, compared to its average volume of 2,729,613. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.30. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.24 and a beta of 1.31. Fortune Brands Home & Security has a one year low of $40.89 and a one year high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.12). The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.44 billion. Fortune Brands Home & Security had a return on equity of 20.95% and a net margin of 7.94%. Equities analysts predict that Fortune Brands Home & Security will post 3.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Friday, November 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 1.84%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 25.97%.

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 four segments: Cabinets, Plumbing, Doors, and 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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