Fortune Brands Home & Security (NYSE:FBHS) had its price objective hoisted by Robert W. Baird from $65.00 to $66.00 in a research report released on Thursday, Stock Target Advisor reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.
A number of other research firms also recently issued reports on FBHS. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a hold rating to a sell rating and set a $60.00 price objective for the company. in a report on Monday, October 14th. ValuEngine downgraded shares of Fortune Brands Home & Security from a hold rating to a sell rating in a report on Wednesday, September 4th. Loop Capital downgraded shares of Fortune Brands Home & Security from a hold rating to a sell rating and set a $50.00 price objective for the company. in a report on Tuesday, July 2nd. TheStreet upgraded shares of Fortune Brands Home & Security from a c+ rating to a b- rating in a report on Friday, June 28th. Finally, Nomura decreased their price objective on shares of Fortune Brands Home & Security from $63.00 to $61.00 and set a neutral rating for the company in a report on Thursday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Fortune Brands Home & Security currently has a consensus rating of Hold and a consensus price target of $56.20.
NYSE FBHS opened at $60.36 on Thursday. Fortune Brands Home & Security has a 52-week low of $35.27 and a 52-week high of $61.78. The company has a 50-day simple moving average of $55.22 and a 200 day simple moving average of $53.31. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.69 and a current ratio of 1.39. The company has a market capitalization of $8.51 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.86 and a beta of 1.52.
Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). Fortune Brands Home & Security had a return on equity of 21.55% and a net margin of 7.23%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business posted $0.93 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, analysts forecast that Fortune Brands Home & Security will post 3.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 29th will be given a $0.22 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 26.35%.
In other Fortune Brands Home & Security news, Director A D. David Mackay sold 10,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $50.40, for a total transaction of $504,000.00. Following the completion of the sale, the director now directly owns 11,532 shares in the company, valued at $581,212.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.63% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of FBHS. Putnam Investments LLC raised its stake in shares of Fortune Brands Home & Security by 1,568.5% during the second quarter. Putnam Investments LLC now owns 2,772,750 shares of the industrial products company’s stock worth $158,407,000 after acquiring an additional 2,606,572 shares in the last quarter. Holocene Advisors LP raised its stake in shares of Fortune Brands Home & Security by 334.3% during the second quarter. Holocene Advisors LP now owns 1,533,278 shares of the industrial products company’s stock worth $87,596,000 after acquiring an additional 1,180,254 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Fortune Brands Home & Security by 37.8% during the second quarter. Pictet Asset Management Ltd. now owns 3,542,182 shares of the industrial products company’s stock worth $202,365,000 after acquiring an additional 971,613 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fortune Brands Home & Security by 9.1% during the second quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock worth $476,103,000 after acquiring an additional 706,944 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in shares of Fortune Brands Home & Security during the second quarter worth approximately $32,493,000. 88.27% of the stock is currently owned by hedge funds and other institutional investors.
About Fortune Brands Home & Security
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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