Fortune Brands Home & Security (FBHS) – Analysts’ Weekly Ratings Changes

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A number of firms have modified their ratings and price targets on shares of Fortune Brands Home & Security (NYSE: FBHS) recently:

  • 11/20/2019 – Fortune Brands Home & Security is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $76.00 price target on the stock.
  • 11/15/2019 – Fortune Brands Home & Security was downgraded by analysts at Zelman & Associates from a “buy” rating to a “hold” rating.
  • 11/15/2019 – Fortune Brands Home & Security had its price target raised by analysts at Jefferies Financial Group Inc from $67.00 to $73.00. They now have a “buy” rating on the stock.
  • 11/13/2019 – Fortune Brands Home & Security had its price target raised by analysts at Royal Bank of Canada from $61.00 to $67.00. They now have an “outperform” rating on the stock.
  • 10/28/2019 – Fortune Brands Home & Security was upgraded by analysts at SunTrust Banks, Inc. from a “hold” rating to a “buy” rating. They now have a $75.00 price target on the stock, up previously from $58.00.
  • 10/25/2019 – Fortune Brands Home & Security was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $64.00 price target on the stock. According to Zacks, “In the past three months, Fortune Brands’ shares have outperformed the industry. We believe that it is poised to gain from the solid product portfolio, shareholder-friendly policies, and strengthening Plumbing, and Doors & Security segments in the quarters ahead. Also, acquisitions will be beneficial. In third-quarter 2019, its earnings and sales lagged estimates by 2.06% and 2.04%, respectively. For 2019, the weak Canadian business and soft demand for building products in the United States remain concerning. Sales growth projection has been lowered to 5-6% from 5.5-6.5% mentioned earlier. Earnings are expected to be $3.53-$3.63 per share, down from $3.53-$3.67 mentioned previously. Also, inflation-related woes and high debts can hurt results. In the past seven days, earnings estimates for 2019 have been lowered.”
  • 10/14/2019 – Fortune Brands Home & Security was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. They now have a $60.00 price target on the stock. According to Zacks, “Year to date, Fortune Brands’ shares have outperformed the industry. We believe that the company is poised to gain from its solid product portfolio, partnerships and shareholder-friendly policies in the quarters ahead. Also, business acquisitions will help in strengthening its competency. For 2019, Fortune Brands expects revenues to grow 5.5-6.5% on a year-over-year basis. However, an increase in the cost of sales mainly due to tariffs can hurt its margins. A highly leveraged balance sheet can inflate financial obligations and hurt profitability of the company. Softness in Canada operations also is concerning for its top-line results. Also, the stock appears overvalued compared with the industry in the year-to-date period. Further, earnings estimates for 2020 have been lowered in the past seven days.”

NYSE:FBHS traded down $0.20 during mid-day trading on Tuesday, reaching $62.23. 1,393,996 shares of the company’s stock were exchanged, compared to its average volume of 1,376,724. Fortune Brands Home & Security Inc has a one year low of $35.27 and a one year high of $64.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.39. The business’s fifty day simple moving average is $61.31 and its two-hundred day simple moving average is $55.32. The firm has a market capitalization of $8.69 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.98 and a beta of 1.53.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.02). Fortune Brands Home & Security had a return on equity of 21.55% and a net margin of 7.23%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the company earned $0.93 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts forecast that Fortune Brands Home & Security Inc will post 3.58 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Wednesday, November 27th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.35%.

In other news, CEO Christopher J. Klein sold 110,530 shares of Fortune Brands Home & Security stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $62.06, for a total value of $6,859,491.80. Also, Director Ann F. Hackett sold 2,387 shares of Fortune Brands Home & Security stock in a transaction on Friday, November 15th. The shares were sold at an average price of $62.83, for a total value of $149,975.21. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 212,762 shares of company stock valued at $13,266,720. 1.63% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. bought a new stake in shares of Fortune Brands Home & Security during the first quarter worth $54,000. First Trust Advisors LP grew its holdings in shares of Fortune Brands Home & Security by 13.9% during the first quarter. First Trust Advisors LP now owns 116,190 shares of the industrial products company’s stock worth $5,532,000 after purchasing an additional 14,139 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Fortune Brands Home & Security by 1.0% during the second quarter. Commonwealth Equity Services LLC now owns 30,907 shares of the industrial products company’s stock worth $1,765,000 after purchasing an additional 317 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Fortune Brands Home & Security in the second quarter valued at approximately $523,000. Finally, AE Wealth Management LLC acquired a new position in shares of Fortune Brands Home & Security in the second quarter valued at approximately $210,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

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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