Fortune Brands Home & Security (FBHS) Upgraded by ValuEngine to Sell

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ValuEngine upgraded shares of Fortune Brands Home & Security (NYSE:FBHS) from a strong sell rating to a sell rating in a research note published on Friday morning.

FBHS has been the topic of several other reports. Loop Capital decreased their target price on shares of Fortune Brands Home & Security to $59.00 and set a buy rating on the stock in a research report on Thursday, October 25th. Credit Suisse Group set a $57.00 target price on shares of Fortune Brands Home & Security and gave the company a buy rating in a research report on Wednesday, October 17th. Nomura decreased their target price on shares of Fortune Brands Home & Security from $56.00 to $52.00 and set a neutral rating on the stock in a research report on Friday, October 26th. SunTrust Banks decreased their target price on shares of Fortune Brands Home & Security to $46.00 and set a hold rating on the stock in a research report on Friday, October 26th. Finally, Zacks Investment Research lowered shares of Fortune Brands Home & Security from a buy rating to a hold rating in a research report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $61.58.

Shares of Fortune Brands Home & Security stock traded up $0.05 during midday trading on Friday, reaching $42.59. 2,621,344 shares of the company’s stock traded hands, compared to its average volume of 1,763,837. The company has a market capitalization of $6.02 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.16 and a beta of 1.31. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Fortune Brands Home & Security has a 52 week low of $40.89 and a 52 week high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly 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 net margin of 7.94% and a return on equity of 20.95%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.44 billion. On average, equities research analysts predict that Fortune Brands Home & Security will post 3.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 1.88%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 25.97%.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $51.31, for a total value 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 $725,626.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.71% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fort L.P. bought a new position in shares of Fortune Brands Home & Security in the second quarter valued at about $117,000. O Brien Wealth Partners LLC bought a new position in shares of Fortune Brands Home & Security in the third quarter valued at about $126,000. First Mercantile Trust Co. bought a new position in shares of Fortune Brands Home & Security in the third quarter valued at about $126,000. First Manhattan Co. raised its position in shares of Fortune Brands Home & Security by 136.4% in the third quarter. First Manhattan Co. now owns 2,600 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 1,500 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Fortune Brands Home & Security in the third quarter valued at about $185,000. 86.87% of the stock is owned by 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 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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