Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) have earned a consensus rating of “Hold” from the nineteen research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $60.88.
Several equities analysts have recently commented on FBHS shares. Credit Suisse Group started coverage on Fortune Brands Home & Security in a research note on Wednesday, May 27th. They set a “neutral” rating and a $64.00 price target on the stock. Deutsche Bank raised their price target on Fortune Brands Home & Security from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. SunTrust Banks cut their price target on Fortune Brands Home & Security from $80.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Nomura Securities upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and raised their price target for the company from $43.00 to $55.00 in a research note on Friday, April 17th. Finally, TheStreet upgraded Fortune Brands Home & Security from a “c+” rating to a “b” rating in a research note on Thursday, June 4th.
In other Fortune Brands Home & Security news, SVP Brian C. Lantz sold 14,745 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $67.74, for a total transaction of $998,826.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Danny Luburic sold 2,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $60.18, for a total value of $120,360.00. Following the transaction, the vice president now directly owns 9,693 shares in the company, valued at approximately $583,324.74. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by insiders.
FBHS traded up $1.00 during trading on Friday, reaching $63.88. The company had a trading volume of 28,943 shares, compared to its average volume of 1,173,772. The stock has a market cap of $8.36 billion, a P/E ratio of 19.70 and a beta of 1.66. The business has a 50 day simple moving average of $60.08 and a 200-day simple moving average of $59.04. Fortune Brands Home & Security has a 52 week low of $33.90 and a 52 week high of $73.28. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.92.
Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. Fortune Brands Home & Security had a return on equity of 22.56% and a net margin of 7.81%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.63 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts expect that Fortune Brands Home & Security will post 2.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 29th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, May 28th. Fortune Brands Home & Security’s payout ratio is 26.67%.
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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