Brokerages Set Fortune Brands Home & Security Inc (NYSE:FBHS) PT at $69.36

Fortune Brands Home & Security Inc (NYSE:FBHS) has been given an average rating of “Hold” by the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $69.36.

Several research analysts have recently commented on the company. Barclays restated a “sell” rating and set a $61.00 price target on shares of Fortune Brands Home & Security in a research report on Thursday, December 19th. Zelman & Associates lowered Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Nomura raised their price target on Fortune Brands Home & Security from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Loop Capital upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating and raised their price target for the stock from $45.00 to $72.00 in a research report on Thursday, January 30th. Finally, Deutsche Bank raised their price target on Fortune Brands Home & Security from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th.

In related news, CEO Christopher J. Klein sold 50,000 shares of Fortune Brands Home & Security stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $64.60, for a total value of $3,230,000.00. Also, Chairman Christopher J. Klein sold 89,700 shares of Fortune Brands Home & Security stock in a transaction on Friday, February 21st. The shares were sold at an average price of $71.56, for a total value of $6,418,932.00. The disclosure for this sale can be found here. Company insiders own 1.63% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC raised its stake in Fortune Brands Home & Security by 25.0% in the third quarter. Penserra Capital Management LLC now owns 920 shares of the industrial products company’s stock valued at $50,000 after buying an additional 184 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Fortune Brands Home & Security by 0.6% during the third quarter. State of Michigan Retirement System now owns 33,664 shares of the industrial products company’s stock worth $1,841,000 after purchasing an additional 200 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of Fortune Brands Home & Security by 10.4% during the third quarter. First Mercantile Trust Co. now owns 2,202 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 208 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Fortune Brands Home & Security by 1.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,551 shares of the industrial products company’s stock worth $951,000 after purchasing an additional 227 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of Fortune Brands Home & Security by 5.0% during the third quarter. Oppenheimer & Co. Inc. now owns 5,516 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 87.33% of the company’s stock.

FBHS stock traded down $2.28 during midday trading on Friday, hitting $64.83. 1,499,900 shares of the company’s stock were exchanged, compared to its average volume of 1,263,924. The business has a 50-day simple moving average of $69.90 and a two-hundred day simple moving average of $61.30. The company has a current ratio of 1.35, a quick ratio of 0.84 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $9.65 billion, a PE ratio of 21.19, a P/E/G ratio of 2.00 and a beta of 1.54. Fortune Brands Home & Security has a 1-year low of $44.79 and a 1-year high of $73.28.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Fortune Brands Home & Security had a return on equity of 21.74% and a net margin of 7.49%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. As a group, research analysts expect that Fortune Brands Home & Security will post 3.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Friday, February 28th will be given a dividend of $0.24 per share. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, February 27th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 24.44%.

Fortune Brands Home & Security Company Profile

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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