Fortune Brands Home & Security, Inc. (NYSE:FBHS) Stock Rating Upgraded by BidaskClub

Fortune Brands Home & Security, Inc. (NYSE:FBHS) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, June 22nd.

FBHS has been the subject of several other reports. Instinet reiterated a “hold” rating on shares of Fortune Brands Home & Security in a research report on Friday, April 14th. Longbow Research upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Thursday, April 6th. Jefferies Group LLC lifted their price target on Fortune Brands Home & Security from $67.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Royal Bank Of Canada lifted their price target on Fortune Brands Home & Security from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. Finally, Nomura initiated coverage on Fortune Brands Home & Security in a research report on Wednesday, April 12th. They issued a “neutral” rating and a $65.00 price objective for the company. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $67.50.

Fortune Brands Home & Security (NYSE:FBHS) opened at 67.10 on Thursday. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 24.49 and a beta of 1.39. The company’s 50-day moving average is $63.82 and its 200 day moving average is $59.80. Fortune Brands Home & Security has a 52 week low of $52.05 and a 52 week high of $67.50.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, April 26th. The industrial products company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. Fortune Brands Home & Security had a return on equity of 19.01% and a net margin of 8.48%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. On average, analysts forecast that Fortune Brands Home & Security will post $3.10 EPS for the current fiscal year.

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In other news, insider David Randich sold 72,646 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $63.53, for a total value of $4,615,200.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Danny Luburic sold 3,700 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $63.00, for a total value of $233,100.00. The disclosure for this sale can be found here. Insiders have sold 229,611 shares of company stock worth $14,626,719 in the last three months. 1.61% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in FBHS. Mn Services Vermogensbeheer B.V. raised its position in shares of Fortune Brands Home & Security by 508.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 25,051 shares of the industrial products company’s stock valued at $1,634,000 after buying an additional 20,936 shares during the period. Meeder Asset Management Inc. raised its position in shares of Fortune Brands Home & Security by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 14,621 shares of the industrial products company’s stock valued at $954,000 after buying an additional 81 shares during the period. Franklin Street Advisors Inc. NC raised its position in shares of Fortune Brands Home & Security by 1.9% in the second quarter. Franklin Street Advisors Inc. NC now owns 124,906 shares of the industrial products company’s stock valued at $8,149,000 after buying an additional 2,330 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in Fortune Brands Home & Security by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 132,535 shares of the industrial products company’s stock valued at $8,646,000 after buying an additional 572 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Fortune Brands Home & Security by 1.9% in the second quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock valued at $137,000 after buying an additional 40 shares during the last quarter. 85.64% of the stock is currently owned by institutional investors and hedge funds.

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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