Fortune Brands Home & Security (NYSE:FBHS) PT Raised to $73.00 at Jefferies Financial Group

Fortune Brands Home & Security (NYSE:FBHS) had its target price upped by equities research analysts at Jefferies Financial Group from $67.00 to $73.00 in a research note issued to investors on Friday, The Fly reports. The firm currently has a “buy” rating on the industrial products company’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 15.76% from the stock’s previous close. Jefferies Financial Group also issued estimates for Fortune Brands Home & Security’s FY2021 earnings at $4.29 EPS.

FBHS has been the subject of several other reports. Robert W. Baird lifted their target price on Fortune Brands Home & Security from $65.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Zacks Investment Research raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $64.00 target price for the company in a research report on Friday, October 25th. Royal Bank of Canada lifted their target price on Fortune Brands Home & Security from $61.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday. Nomura dropped their target price on Fortune Brands Home & Security from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Finally, SunTrust Banks raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and lifted their target price for the company from $58.00 to $75.00 in a research report on Monday, October 28th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $61.00.

NYSE FBHS traded down $0.09 during trading on Friday, hitting $63.06. The stock had a trading volume of 1,116,228 shares, compared to its average volume of 1,344,962. The company has a market capitalization of $8.79 billion, a PE ratio of 18.88, a PEG ratio of 1.98 and a beta of 1.53. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average price of $58.62 and a 200 day moving average price of $54.51. Fortune Brands Home & Security has a twelve month low of $35.27 and a twelve month high of $63.23.

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

In other news, Director Ann F. Hackett sold 2,387 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $62.83, for a total transaction of $149,975.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Klein sold 110,530 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $62.06, for a total value of $6,859,491.80. Over the last three months, insiders have sold 132,323 shares of company stock valued at $8,193,432. Corporate insiders own 1.63% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Putnam Investments LLC lifted its stake in Fortune Brands Home & Security by 1,568.5% during the second quarter. Putnam Investments LLC now owns 2,772,750 shares of the industrial products company’s stock worth $158,407,000 after purchasing an additional 2,606,572 shares during the last quarter. Holocene Advisors LP lifted its stake in Fortune Brands Home & Security by 334.3% during the second quarter. Holocene Advisors LP now owns 1,533,278 shares of the industrial products company’s stock worth $87,596,000 after purchasing an additional 1,180,254 shares during the last quarter. Pictet Asset Management Ltd. lifted its stake in Fortune Brands Home & Security by 37.8% during the second quarter. Pictet Asset Management Ltd. now owns 3,542,182 shares of the industrial products company’s stock worth $202,365,000 after purchasing an additional 971,613 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Fortune Brands Home & Security by 9.1% during the second quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock worth $476,103,000 after purchasing an additional 706,944 shares during the last quarter. Finally, Nuveen Asset Management LLC purchased a new stake in Fortune Brands Home & Security during the second quarter worth approximately $32,493,000. 88.69% of the stock is owned by institutional investors and hedge funds.

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.

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