Fortune Brands Home & Security, Inc. (NYSE:FBHS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Monday, April 24th. Instinet restated a “hold” rating on shares of Fortune Brands Home & Security in a research report on Friday, April 14th. Royal Bank Of Canada raised their price target on Fortune Brands Home & Security from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Jefferies Group LLC restated a “buy” rating and issued a $76.00 price target on shares of Fortune Brands Home & Security in a research report on Friday, July 14th. Finally, Credit Suisse Group initiated coverage on Fortune Brands Home & Security in a research report on Thursday, June 22nd. They issued an “outperform” rating and a $72.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $67.73.

Fortune Brands Home & Security (NYSE:FBHS) opened at 63.31 on Friday. The firm’s 50-day moving average is $65.68 and its 200-day moving average is $62.09. Fortune Brands Home & Security has a 12 month low of $52.05 and a 12 month high of $67.50. The stock has a market capitalization of $9.75 billion, a P/E ratio of 22.54 and a beta of 1.39.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. Fortune Brands Home & Security’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share. On average, equities analysts expect that Fortune Brands Home & Security will post $3.10 earnings per share for the current fiscal year.

WARNING: This story was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/fortune-brands-home-security-inc-fbhs-downgraded-by-bidaskclub/1477722.html.

In other news, CFO E Lee Wyatt sold 40,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $63.48, for a total transaction of $2,539,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christopher J. Klein sold 40,063 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $63.13, for a total value of $2,529,177.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,265 shares of company stock worth $12,386,418. Insiders own 1.61% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Hermes Investment Management Ltd. purchased a new position in shares of Fortune Brands Home & Security during the first quarter valued at approximately $24,760,000. Motco raised its position in shares of Fortune Brands Home & Security by 2.7% in the first quarter. Motco now owns 3,164 shares of the industrial products company’s stock valued at $193,000 after buying an additional 84 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Fortune Brands Home & Security during the first quarter valued at approximately $126,000. Huntington National Bank raised its position in shares of Fortune Brands Home & Security by 116.9% in the first quarter. Huntington National Bank now owns 6,893 shares of the industrial products company’s stock valued at $419,000 after buying an additional 3,715 shares in the last quarter. Finally, Sanders Morris Harris Inc. purchased a new position in shares of Fortune Brands Home & Security during the first quarter valued at approximately $6,225,000. Hedge funds and other institutional investors own 85.89% of the company’s stock.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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

Receive News & Ratings for Fortune Brands Home & Security Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.