Fortune Brands Home & Security, Inc. (NYSE:FBHS)‘s stock had its “hold” rating reaffirmed by equities research analysts at SunTrust Banks, Inc. in a report issued on Friday. They presently have a $63.00 price target on the industrial products company’s stock. SunTrust Banks, Inc.’s price objective suggests a potential downside of 1.52% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reissued a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a research report on Tuesday, July 18th. Jefferies Group LLC reissued a “buy” rating and set a $76.00 target price on shares of Fortune Brands Home & Security in a research report on Friday, July 14th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Thursday, July 20th. Robert W. Baird reissued a “buy” rating and set a $72.00 target price on shares of Fortune Brands Home & Security in a research report on Tuesday, October 24th. Finally, BidaskClub raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $69.53.

Fortune Brands Home & Security (NYSE FBHS) opened at $63.97 on Friday. The firm has a market cap of $9,715.25, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.00 and a beta of 1.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.17 and a current ratio of 1.87. Fortune Brands Home & Security has a 12-month low of $53.15 and a 12-month high of $68.82.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Fortune Brands Home & Security had a net margin of 8.62% and a return on equity of 18.64%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company posted $0.80 earnings per share. Fortune Brands Home & Security’s revenue was up 5.5% compared to the same quarter last year. equities research analysts predict that Fortune Brands Home & Security will post 3.07 EPS for the current year.

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In other Fortune Brands Home & Security news, insider E Lee Wyatt sold 33,400 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $65.01, for a total transaction of $2,171,334.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Klein sold 60,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total transaction of $3,766,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 181,000 shares of company stock valued at $11,813,470. Insiders own 1.61% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC bought a new stake in Fortune Brands Home & Security during the third quarter valued at $342,000. Schroder Investment Management Group increased its stake in Fortune Brands Home & Security by 4.7% during the third quarter. Schroder Investment Management Group now owns 1,192,031 shares of the industrial products company’s stock valued at $80,176,000 after purchasing an additional 53,419 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Fortune Brands Home & Security by 9.6% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,525 shares of the industrial products company’s stock valued at $842,000 after purchasing an additional 1,095 shares during the last quarter. Legal & General Group Plc increased its stake in Fortune Brands Home & Security by 5.4% during the third quarter. Legal & General Group Plc now owns 783,582 shares of the industrial products company’s stock valued at $52,680,000 after purchasing an additional 40,405 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Fortune Brands Home & Security by 5.0% during the third quarter. Eagle Asset Management Inc. now owns 485,604 shares of the industrial products company’s stock valued at $32,865,000 after purchasing an additional 23,106 shares during the last quarter. Hedge funds and other institutional investors own 89.44% 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)

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