Fortune Brands Home & Security (NYSE:FBHS) Coverage Initiated by Analysts at Deutsche Bank

Deutsche Bank initiated coverage on shares of Fortune Brands Home & Security (NYSE:FBHS) in a research report report published on Wednesday, Briefing.com Automated Import reports. The brokerage issued a buy rating and a $76.00 price objective on the industrial products company’s stock.

A number of other equities research analysts also recently weighed in on FBHS. Jefferies Financial Group raised their target price on shares of Fortune Brands Home & Security from $67.00 to $73.00 and gave the company a buy rating in a research note on Friday, November 15th. Royal Bank of Canada raised their target price on shares of Fortune Brands Home & Security from $61.00 to $67.00 and gave the company an outperform rating in a research note on Wednesday, November 13th. ValuEngine downgraded shares of Fortune Brands Home & Security from a hold rating to a sell rating in a research note on Wednesday, September 4th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a sell rating to a hold rating and set a $64.00 price target on the stock in a research note on Friday, October 25th. Finally, Nomura decreased their price target on shares of Fortune Brands Home & Security from $63.00 to $61.00 and set a neutral rating on the stock in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Fortune Brands Home & Security has an average rating of Hold and a consensus price target of $62.25.

FBHS traded up $0.61 on Wednesday, reaching $62.56. The company had a trading volume of 998,647 shares, compared to its average volume of 1,388,226. The business has a 50 day simple moving average of $59.45 and a 200 day simple moving average of $54.76. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 1.98 and a beta of 1.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.39. Fortune Brands Home & Security has a 52-week low of $35.27 and a 52-week high of $63.82.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Fortune Brands Home & Security had a net margin of 7.23% and a return on equity of 21.55%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. As a group, equities research analysts predict that Fortune Brands Home & Security will post 3.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, November 27th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.35%.

In other news, Director Ann F. Hackett sold 2,387 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $62.83, for a total value of $149,975.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Danny Luburic sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $61.09, for a total transaction of $458,175.00. The disclosure for this sale can be found here. Insiders have sold 212,762 shares of company stock worth $13,266,720 over the last three months. Insiders own 1.63% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. bought a new position in shares of Fortune Brands Home & Security in the second quarter worth approximately $27,000. Kavar Capital Partners LLC bought a new position in shares of Fortune Brands Home & Security in the second quarter worth approximately $39,000. Pearl River Capital LLC bought a new position in shares of Fortune Brands Home & Security in the second quarter worth approximately $43,000. North Star Investment Management Corp. bought a new position in shares of Fortune Brands Home & Security in the third quarter worth approximately $45,000. Finally, FTB Advisors Inc. grew its holdings in shares of Fortune Brands Home & Security by 552.0% in the second quarter. FTB Advisors Inc. now owns 815 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 88.43% of the company’s stock.

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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

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