Fortune Brands Home & Security (NYSE:FBHS) Rating Lowered to Hold at Zelman & Associates

Fortune Brands Home & Security (NYSE:FBHS) was downgraded by equities researchers at Zelman & Associates from a “buy” rating to a “hold” rating in a research report issued on Friday, The Fly reports.

Several other research firms have also issued reports on FBHS. Jefferies Financial Group boosted 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 report on Friday. Royal Bank of Canada boosted 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 report on Wednesday. SunTrust Banks upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and boosted their target price for the company from $58.00 to $75.00 in a report on Monday, October 28th. Robert W. Baird boosted their target price on shares of Fortune Brands Home & Security from $65.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, ValuEngine lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $61.00.

Shares of NYSE:FBHS traded down $0.09 during mid-day trading on Friday, reaching $63.06. 1,116,228 shares of the company’s stock were exchanged, compared to its average volume of 1,344,962. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.98 and a beta of 1.53. The business’s fifty day moving average price is $58.62 and its 200-day moving average price is $54.51. 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 twelve month low of $35.27 and a twelve month high of $63.23.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. Fortune Brands Home & Security had a return on equity of 21.55% and a net margin of 7.23%. Fortune Brands Home & Security’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. Analysts predict that Fortune Brands Home & Security will post 3.57 EPS for the current fiscal year.

In other Fortune Brands Home & Security news, insider David Randich sold 11,906 shares of Fortune Brands Home & Security stock in a transaction on Monday, October 28th. The shares were sold at an average price of $60.96, for a total value of $725,789.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Klein sold 110,530 shares of Fortune Brands Home & Security stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $62.06, for a total transaction of $6,859,491.80. Over the last ninety days, insiders sold 132,323 shares of company stock valued at $8,193,432. Insiders own 1.63% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Giverny Capital Inc. increased its position in shares of Fortune Brands Home & Security by 3.7% during the second quarter. Giverny Capital Inc. now owns 619,083 shares of the industrial products company’s stock worth $35,368,000 after acquiring an additional 22,090 shares in the last quarter. Grimes & Company Inc. increased its position in shares of Fortune Brands Home & Security by 10.2% during the second quarter. Grimes & Company Inc. now owns 4,639 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 429 shares in the last quarter. Advisor Partners LLC bought a new stake in shares of Fortune Brands Home & Security during the second quarter worth about $235,000. Crewe Advisors LLC increased its position in shares of Fortune Brands Home & Security by 661.7% during the second quarter. Crewe Advisors LLC now owns 4,898 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 4,255 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 706,944 shares in the last quarter. 88.69% of the stock is owned by hedge funds and other institutional investors.

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 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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