Fortune Brands Home & Security, Inc. (FBHS) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) from a sell rating to a hold rating in a report issued on Tuesday morning.

FBHS has been the subject of several other research reports. Royal Bank Of Canada reaffirmed a buy rating and issued a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a buy rating and issued a $76.00 price objective on shares of Fortune Brands Home & Security in a report on Friday, July 14th. Credit Suisse Group assumed coverage on shares of Fortune Brands Home & Security in a report on Thursday, June 22nd. They issued an outperform rating and a $72.00 price objective for the company. Longbow Research raised shares of Fortune Brands Home & Security from a neutral rating to a buy rating and set a $72.00 price objective for the company in a report on Tuesday, July 4th. Finally, Wells Fargo & Company downgraded shares of Fortune Brands Home & Security from an outperform rating to a market perform rating and set a $70.00 price objective for the company. in a report on Wednesday, July 19th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $68.58.

Shares of Fortune Brands Home & Security (FBHS) traded up 0.04% during trading on Tuesday, hitting $67.29. 311,802 shares of the stock were exchanged. The stock has a 50-day moving average of $63.73 and a 200 day moving average of $63.39. The stock has a market cap of $10.36 billion, a P/E ratio of 23.96 and a beta of 1.37. Fortune Brands Home & Security has a 12-month low of $52.05 and a 12-month high of $67.76.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.05. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. Equities analysts predict that Fortune Brands Home & Security will post $3.10 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortune Brands Home & Security’s payout ratio is 25.35%.

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 60,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total transaction of $3,766,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider E Lee Wyatt sold 2,600 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total value of $169,286.00. The disclosure for this sale can be found here. Insiders sold a total of 136,000 shares of company stock valued at $8,715,420 over the last three months. 1.61% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eagle Asset Management Inc. raised its holdings in Fortune Brands Home & Security by 20.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 462,498 shares of the industrial products company’s stock worth $30,173,000 after buying an additional 77,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Fortune Brands Home & Security by 23.1% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,833 shares of the industrial products company’s stock worth $2,664,000 after buying an additional 7,654 shares during the period. 10 15 Associates Inc. acquired a new stake in Fortune Brands Home & Security during the 1st quarter worth about $1,475,000. Geode Capital Management LLC raised its holdings in Fortune Brands Home & Security by 8.9% during the 1st quarter. Geode Capital Management LLC now owns 1,503,520 shares of the industrial products company’s stock worth $91,360,000 after buying an additional 122,830 shares during the period. Finally, Boston Private Wealth LLC raised its holdings in Fortune Brands Home & Security by 4.8% during the 2nd quarter. Boston Private Wealth LLC now owns 27,711 shares of the industrial products company’s stock worth $1,808,000 after buying an additional 1,264 shares during the period. Hedge funds and other institutional investors own 88.13% of the company’s stock.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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

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