Brokerages Set Fortune Brands Home & Security Inc (FBHS) Price Target at $54.20

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Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) have been given an average rating of “Hold” by the fourteen analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $54.20.

Several equities analysts have recently commented on the stock. Bank of America raised shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $64.00 in a research report on Monday, May 6th. ValuEngine raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Monday, April 29th. Royal Bank of Canada raised their target price on shares of Fortune Brands Home & Security to $56.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, SunTrust Banks raised their target price on shares of Fortune Brands Home & Security to $50.00 and gave the stock a “hold” rating in a report on Thursday, April 25th.

Shares of FBHS stock traded up $0.53 during trading hours on Friday, hitting $52.97. 874,340 shares of the company were exchanged, compared to its average volume of 1,539,857. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.90 and a current ratio of 1.49. Fortune Brands Home & Security has a one year low of $35.27 and a one year high of $58.75. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.57 and a beta of 1.49.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. Fortune Brands Home & Security had a net margin of 7.18% and a return on equity of 22.33%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts forecast that Fortune Brands Home & Security will post 3.66 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st will be paid a $0.22 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.66%. Fortune Brands Home & Security’s payout ratio is currently 26.35%.

In related news, insider David Randich sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $53.00, for a total transaction of $1,060,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Brian C. Lantz sold 2,192 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $52.55, for a total transaction of $115,189.60. The disclosure for this sale can be found here. Insiders sold 25,247 shares of company stock worth $1,338,571 in the last 90 days. 1.63% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of FBHS. Norges Bank acquired a new position in shares of Fortune Brands Home & Security during the fourth quarter valued at approximately $58,147,000. FMR LLC grew its position in Fortune Brands Home & Security by 44.9% in the fourth quarter. FMR LLC now owns 3,002,891 shares of the industrial products company’s stock worth $114,079,000 after buying an additional 929,793 shares during the last quarter. Two Sigma Advisers LP grew its position in Fortune Brands Home & Security by 156.3% in the fourth quarter. Two Sigma Advisers LP now owns 757,384 shares of the industrial products company’s stock worth $28,773,000 after buying an additional 461,912 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Fortune Brands Home & Security by 40.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,539,338 shares of the industrial products company’s stock worth $58,478,000 after buying an additional 445,041 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in Fortune Brands Home & Security by 33.0% in the first quarter. Eagle Asset Management Inc. now owns 1,775,072 shares of the industrial products company’s stock worth $84,511,000 after buying an additional 440,020 shares during the last quarter. Institutional investors and hedge funds own 87.14% of the company’s stock.

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

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