Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) have earned an average recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $53.90.
Several equities research analysts recently commented on FBHS shares. Royal Bank of Canada boosted their price target on Fortune Brands Home & Security to $56.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Zacks Investment Research lowered Fortune Brands Home & Security from a “buy” rating to a “hold” rating and set a $56.00 target price for the company. in a report on Friday. SunTrust Banks boosted their target price on Fortune Brands Home & Security to $50.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Credit Suisse Group boosted their target price on Fortune Brands Home & Security from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Finally, Bank of America upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $64.00 in a report on Monday, May 6th.
In other news, insider David Randich sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $53.00, for a total transaction of $1,060,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian C. Lantz sold 3,055 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $53.48, for a total value of $163,381.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,247 shares of company stock valued at $1,338,571. Corporate insiders own 1.63% of the company’s stock.
Shares of NYSE FBHS opened at $53.40 on Tuesday. The company has a market cap of $7.55 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.60 and a beta of 1.47. The firm has a 50 day moving average price of $52.60. Fortune Brands Home & Security has a 52 week low of $35.27 and a 52 week high of $58.21. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 1.03.
Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Fortune Brands Home & Security had a return on equity of 22.33% and a net margin of 7.18%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. Analysts predict that Fortune Brands Home & Security will post 3.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be issued a $0.22 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.88 annualized dividend and a yield of 1.65%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 26.35%.
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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