Fortune Brands Home & Security (FBHS) Receives Consensus Rating of “Hold” from Brokerages

Shares of Fortune Brands Home & Security (NYSE:FBHS) have been given an average rating of “Hold” by the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $70.08.

Several equities analysts have weighed in on FBHS shares. Credit Suisse Group dropped their price objective on Fortune Brands Home & Security from $80.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, April 27th. Zacks Investment Research cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Barclays dropped their price objective on Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Loop Capital started coverage on Fortune Brands Home & Security in a research note on Thursday, March 1st. They set a “buy” rating and a $77.00 price objective on the stock. Finally, Royal Bank of Canada raised their price objective on Fortune Brands Home & Security to $66.00 and gave the company an “outperform” rating in a research note on Friday, April 27th.

In other news, Director Ronald V. Waters sold 5,000 shares of Fortune Brands Home & Security stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $57.43, for a total transaction of $287,150.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.71% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boston Private Wealth LLC raised its stake in shares of Fortune Brands Home & Security by 22.1% during the 1st quarter. Boston Private Wealth LLC now owns 16,562 shares of the industrial products company’s stock worth $975,000 after purchasing an additional 2,997 shares during the period. HAP Trading LLC increased its holdings in Fortune Brands Home & Security by 1,181.9% in the 1st quarter. HAP Trading LLC now owns 270,143 shares of the industrial products company’s stock worth $15,909,000 after acquiring an additional 249,069 shares during the last quarter. Teza Capital Management LLC increased its holdings in Fortune Brands Home & Security by 34.9% in the 1st quarter. Teza Capital Management LLC now owns 4,654 shares of the industrial products company’s stock worth $274,000 after acquiring an additional 1,204 shares during the last quarter. Landscape Capital Management L.L.C. increased its holdings in Fortune Brands Home & Security by 2,203.9% in the 1st quarter. Landscape Capital Management L.L.C. now owns 71,238 shares of the industrial products company’s stock worth $4,195,000 after acquiring an additional 68,146 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Fortune Brands Home & Security by 163.9% in the 1st quarter. GSA Capital Partners LLP now owns 51,649 shares of the industrial products company’s stock worth $3,042,000 after acquiring an additional 32,079 shares during the last quarter. Institutional investors own 88.20% of the company’s stock.

Shares of Fortune Brands Home & Security opened at $56.12 on Monday, MarketBeat Ratings reports. The company has a current ratio of 1.44, a quick ratio of 0.90 and a debt-to-equity ratio of 0.65. Fortune Brands Home & Security has a 1-year low of $53.56 and a 1-year high of $73.62. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.23 and a beta of 1.41.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.03). Fortune Brands Home & Security had a net margin of 8.79% and a return on equity of 19.01%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the business posted $0.53 earnings per share. Fortune Brands Home & Security’s revenue was up 5.7% on a year-over-year basis. sell-side analysts forecast that Fortune Brands Home & Security will post 3.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 13th. Stockholders of record on Friday, May 25th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, May 24th. Fortune Brands Home & Security’s payout ratio is 25.97%.

Fortune Brands Home & Security announced that its board has approved a share buyback program on Monday, April 30th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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 four segments: Cabinets, Plumbing, Doors, and 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.

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

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