Loop Capital Lowers Fortune Brands Home & Security (FBHS) Price Target to $59.00

Fortune Brands Home & Security (NYSE:FBHS) had its target price cut by analysts at Loop Capital to $59.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Loop Capital’s target price would suggest a potential upside of 41.90% from the stock’s previous close.

A number of other equities analysts have also recently commented on FBHS. ValuEngine cut shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. Bank of America cut shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $64.00 to $61.00 in a research note on Friday, August 10th. They noted that the move was a valuation call. Goldman Sachs Group began coverage on shares of Fortune Brands Home & Security in a research note on Tuesday, October 2nd. They set a “neutral” rating and a $64.00 price target for the company. Longbow Research cut shares of Fortune Brands Home & Security from a “buy” rating to a “neutral” rating in a research note on Friday, October 12th. Finally, Macquarie dropped their price target on shares of Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating for the company in a research note on Thursday, September 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Fortune Brands Home & Security has an average rating of “Hold” and an average price target of $62.85.

Fortune Brands Home & Security stock opened at $41.58 on Thursday. Fortune Brands Home & Security has a twelve month low of $41.17 and a twelve month high of $73.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.96 and a current ratio of 1.47. The stock has a market capitalization of $6.52 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 0.99 and a beta of 1.22.



Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Thursday, October 25th. The industrial products company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.12). Fortune Brands Home & Security had a return on equity of 20.07% and a net margin of 8.53%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.44 billion. On average, equities analysts forecast that Fortune Brands Home & Security will post 3.64 earnings per share for the current fiscal year.

In related news, Director Ronald V. Waters sold 5,000 shares of Fortune Brands Home & Security stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $51.31, for a total transaction of $256,550.00. Following the completion of the transaction, the director now directly owns 14,142 shares of the company’s stock, valued at approximately $725,626.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.71% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Fort L.P. purchased a new stake in Fortune Brands Home & Security in the 2nd quarter valued at about $117,000. O Brien Wealth Partners LLC purchased a new stake in Fortune Brands Home & Security in the 3rd quarter valued at about $126,000. First Manhattan Co. boosted its position in Fortune Brands Home & Security by 136.4% in the 3rd quarter. First Manhattan Co. now owns 2,600 shares of the industrial products company’s stock valued at $136,000 after buying an additional 1,500 shares during the period. Ironwood Investment Management LLC purchased a new stake in Fortune Brands Home & Security in the 2nd quarter valued at about $205,000. Finally, Global X Management Co LLC boosted its position in Fortune Brands Home & Security by 62.8% in the 2nd quarter. Global X Management Co LLC now owns 4,188 shares of the industrial products company’s stock valued at $225,000 after buying an additional 1,616 shares during the period. 85.45% of the stock is 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 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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