Fortune Brands Home & Security (NYSE:FBHS) Price Target Raised to $85.00

Fortune Brands Home & Security (NYSE:FBHS) had its price target increased by SunTrust Banks from $75.00 to $85.00 in a research report sent to investors on Thursday morning, The Fly reports. SunTrust Banks currently has a buy rating on the industrial products company’s stock.

Other analysts have also recently issued reports about the company. Barclays reissued a sell rating and issued a $45.00 price target on shares of Fortune Brands Home & Security in a report on Sunday, May 3rd. TheStreet raised Fortune Brands Home & Security from a c+ rating to a b rating in a report on Thursday, June 4th. Wells Fargo & Co raised their price target on Fortune Brands Home & Security from $67.00 to $73.00 and gave the company an equal weight rating in a report on Wednesday, July 22nd. Nomura Securities raised Fortune Brands Home & Security from a neutral rating to a buy rating and lifted their price objective for the stock from $43.00 to $55.00 in a report on Friday, April 17th. Finally, Nomura Instinet lifted their price objective on Fortune Brands Home & Security from $58.00 to $64.00 and gave the stock a buy rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $69.63.

Shares of FBHS stock traded down $0.49 during midday trading on Thursday, hitting $76.50. The company had a trading volume of 1,344,569 shares, compared to its average volume of 997,484. The company’s 50 day simple moving average is $65.15 and its 200 day simple moving average is $59.36. Fortune Brands Home & Security has a 52-week low of $33.90 and a 52-week high of $78.25. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 24.76 and a beta of 1.67. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.05 and a quick ratio of 0.97.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.59 by $0.35. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Fortune Brands Home & Security had a return on equity of 21.65% and a net margin of 7.61%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. Analysts anticipate that Fortune Brands Home & Security will post 3.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 28th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.67%.

In other news, VP Danny Luburic sold 2,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $60.18, for a total value of $120,360.00. Following the completion of the transaction, the vice president now directly owns 9,693 shares of the company’s stock, valued at $583,324.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Brian C. Lantz sold 14,745 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $67.74, for a total value of $998,826.30. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

Large investors have recently made changes to their positions in the company. Guggenheim Capital LLC grew its position in shares of Fortune Brands Home & Security by 26.5% in the first quarter. Guggenheim Capital LLC now owns 96,345 shares of the industrial products company’s stock valued at $4,167,000 after purchasing an additional 20,168 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Fortune Brands Home & Security by 152.7% during the 1st quarter. Rockefeller Capital Management L.P. now owns 700 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 423 shares during the period. Tower Research Capital LLC TRC increased its position in Fortune Brands Home & Security by 391.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 2,907 shares in the last quarter. State of Tennessee Treasury Department increased its position in Fortune Brands Home & Security by 5.6% during the 1st quarter. State of Tennessee Treasury Department now owns 86,472 shares of the industrial products company’s stock worth $3,740,000 after purchasing an additional 4,592 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Fortune Brands Home & Security by 1.4% in the first quarter. Alliancebernstein L.P. now owns 222,099 shares of the industrial products company’s stock valued at $9,606,000 after buying an additional 2,961 shares during the period. 88.70% of the stock is owned by institutional investors and hedge funds.

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.

See Also: Ex-Dividend

The Fly

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

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