Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) have been assigned a consensus recommendation of “Hold” from the sixteen analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $68.92.
FBHS has been the topic of several analyst reports. ValuEngine downgraded Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Zacks Investment Research raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Macquarie decreased their price target on Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating on the stock in a report on Thursday, September 6th. Finally, Bank of America cut Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $64.00 to $61.00 in a report on Friday, August 10th. They noted that the move was a valuation call.
Large investors have recently bought and sold shares of the business. Fort L.P. bought a new stake in shares of Fortune Brands Home & Security in the second quarter worth about $117,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Fortune Brands Home & Security in the first quarter worth about $141,000. Ironwood Investment Management LLC bought a new stake in shares of Fortune Brands Home & Security in the second quarter worth about $205,000. Global X Management Co LLC increased its holdings in shares of Fortune Brands Home & Security by 62.8% in the second quarter. Global X Management Co LLC now owns 4,188 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 1,616 shares during the last quarter. Finally, United Capital Financial Advisers LLC bought a new stake in shares of Fortune Brands Home & Security in the first quarter worth about $245,000. 85.61% of the stock is currently owned by institutional investors and hedge funds.
NYSE FBHS opened at $55.26 on Friday. The firm has a market cap of $7.90 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.20 and a beta of 1.26. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 0.82. Fortune Brands Home & Security has a fifty-two week low of $52.52 and a fifty-two week high of $73.62.
Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Thursday, July 26th. The industrial products company reported $1.00 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.02). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Fortune Brands Home & Security had a net margin of 8.53% and a return on equity of 20.07%. Fortune Brands Home & Security’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. equities research analysts anticipate that Fortune Brands Home & Security will post 3.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 1.45%. Fortune Brands Home & Security’s dividend payout ratio is presently 25.97%.
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.
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