Fortune Brands Home & Security, Inc. (NYSE:FBHS) Receives $81.00 Consensus PT from Brokerages

Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $81.00.

FBHS has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Fortune Brands Home & Security in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Robert W. Baird lifted their price objective on shares of Fortune Brands Home & Security from $65.00 to $70.00 in a research note on Thursday, October 27th. BMO Capital Markets lowered their target price on Fortune Brands Home & Security from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, October 31st. Credit Suisse Group lowered their target price on Fortune Brands Home & Security from $62.00 to $57.00 and set a “neutral” rating on the stock in a report on Thursday, October 27th. Finally, The Goldman Sachs Group lowered their target price on Fortune Brands Home & Security from $89.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, October 12th.

Insiders Place Their Bets

In related news, Director A D. David Mackay sold 2,000 shares of the stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $60.00, for a total transaction of $120,000.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $360,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Huntington National Bank lifted its position in shares of Fortune Brands Home & Security by 1.4% in the first quarter. Huntington National Bank now owns 11,336 shares of the industrial products company’s stock valued at $842,000 after buying an additional 158 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Fortune Brands Home & Security by 3.7% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,634 shares of the industrial products company’s stock worth $249,000 after purchasing an additional 165 shares during the last quarter. Parallel Advisors LLC increased its stake in Fortune Brands Home & Security by 16.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,238 shares of the industrial products company’s stock worth $74,000 after acquiring an additional 175 shares during the period. Daiwa Securities Group Inc. increased its stake in Fortune Brands Home & Security by 2.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,564 shares of the industrial products company’s stock worth $460,000 after acquiring an additional 177 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in Fortune Brands Home & Security by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 28,066 shares of the industrial products company’s stock worth $1,511,000 after acquiring an additional 182 shares during the period. 85.46% of the stock is owned by institutional investors and hedge funds.

Fortune Brands Home & Security Stock Performance

Shares of FBHS opened at $66.21 on Tuesday. The business’s fifty day moving average price is $59.02 and its 200 day moving average price is $63.09. Fortune Brands Home & Security has a 12-month low of $52.95 and a 12-month high of $108.41. The stock has a market capitalization of $8.49 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.56. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.47 and a quick ratio of 0.74.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last posted its earnings results on Wednesday, October 26th. The industrial products company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.07. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Fortune Brands Home & Security had a return on equity of 27.08% and a net margin of 9.35%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $1.49 earnings per share. Equities research analysts forecast that Fortune Brands Home & Security will post 6.25 EPS for the current year.

Fortune Brands Home & Security Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Friday, November 25th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, November 23rd. Fortune Brands Home & Security’s payout ratio is 19.82%.

About Fortune Brands Home & Security

(Get Rating)

Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

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

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