Fortune Brands Home & Security Inc (FBHS) Given Average Rating of “Hold” by Analysts

Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) have received an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $70.82.

FBHS has been the subject of a number of research reports. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Citigroup upped their price objective on shares of Fortune Brands Home & Security from $68.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Monday, September 25th. JPMorgan Chase & Co. increased their price target on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Finally, Credit Suisse Group increased their price target on shares of Fortune Brands Home & Security from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th.

Shares of Fortune Brands Home & Security (NYSE:FBHS) opened at $71.43 on Tuesday. Fortune Brands Home & Security has a 12 month low of $53.15 and a 12 month high of $71.71. The stock has a market cap of $10,840.00, a price-to-earnings ratio of 24.72, a PEG ratio of 2.01 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.87 and a debt-to-equity ratio of 0.57.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a net margin of 8.62% and a return on equity of 18.64%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company earned $0.80 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. analysts forecast that Fortune Brands Home & Security will post 3.07 earnings per share for the current fiscal year.

Fortune Brands Home & Security declared that its Board of Directors has approved a stock buyback program on Monday, December 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 1.12%. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. Fortune Brands Home & Security’s dividend payout ratio is presently 24.91%.

In related news, CEO Christopher J. Klein sold 85,000 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $67.13, for a total value of $5,706,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $71.50, for a total transaction of $357,500.00. Following the completion of the transaction, the director now owns 21,674 shares of the company’s stock, valued at $1,549,691. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Fortune Brands Home & Security by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 15,160,589 shares of the industrial products company’s stock worth $989,078,000 after acquiring an additional 460,317 shares in the last quarter. BlackRock Inc. increased its stake in shares of Fortune Brands Home & Security by 3.3% in the 2nd quarter. BlackRock Inc. now owns 12,998,091 shares of the industrial products company’s stock worth $847,995,000 after acquiring an additional 417,624 shares in the last quarter. American Century Companies Inc. increased its stake in Fortune Brands Home & Security by 1.6% during the 3rd quarter. American Century Companies Inc. now owns 4,232,353 shares of the industrial products company’s stock valued at $284,541,000 after purchasing an additional 64,987 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in Fortune Brands Home & Security by 1.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,542,640 shares of the industrial products company’s stock valued at $170,942,000 after purchasing an additional 42,421 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Fortune Brands Home & Security by 12.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,407,612 shares of the industrial products company’s stock valued at $91,833,000 after purchasing an additional 150,554 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

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Fortune Brands Home & Security Company Profile

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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