Fortune Brands Home & Security (NYSE: FBHS) has recently received a number of price target changes and ratings updates:

  • 2/12/2018 – Fortune Brands Home & Security was upgraded by analysts at Gabelli from a “hold” rating to a “buy” rating. They now have a $78.00 price target on the stock.
  • 2/5/2018 – Fortune Brands Home & Security was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $73.00 price target on the stock. According to Zacks, “In the last three months, Fortune Brands' shares have outperformed the industry. We believe that the company is poised to gain from its organic and inorganic initiatives in the long run. In fourth-quarter 2017, the company's earnings surpassed the Zacks Consensus Estimate by 1.3% while grew 13% year over year. For 2018, the company anticipates gaining from roughly 5-7% growth in the U.S. home products market and 5-6% rise in global market. Earnings will be within $3.54-$3.66, gaining from 6-7% sales growth and lower corporate tax rates. Cabinets sales are likely to grow in the mid-single digit range in the year. Sales in the Doors segment will increase in high-single digits to low-double digits and Security sales are predicted to increase in mid-single digits. Plumbing segment will benefit from new brand additions.”
  • 2/2/2018 – Fortune Brands Home & Security had its price target lowered by analysts at Barclays PLC from $71.00 to $70.00. They now have an “equal weight” rating on the stock.
  • 2/2/2018 – Fortune Brands Home & Security had its price target lowered by analysts at Nomura from $78.00 to $74.00. They now have a “neutral” rating on the stock.
  • 1/31/2018 – Fortune Brands Home & Security was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last six months, Fortune Brands' shares have outperformed the industry. We believe that the company is well positioned to benefit from its organic and inorganic initiatives in the long run. Also, its 11% hike in quarterly dividend rate and newly approved $250 million share buyback program will work in its favor. For 2017 (results pending), the company anticipates gaining for roughly 6-7% growth in the U.S. home products market and 5-6% rise in global market. New brands added in the Global Plumbing Group will also prove beneficial. However, hurricane impacts on segmental businesses have made the company revise down its sales growth projection to 6-7% versus 6-8% expected earlier. Also, the company is exposed to risks from international operations, stiff competition, high-debt levels and uncertain economic conditions.”
  • 1/22/2018 – Fortune Brands Home & Security had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $80.00 price target on the stock, up previously from $74.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/11/2018 – Fortune Brands Home & Security was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. According to Zacks, “In the last six months, Fortune Brands' shares have outperformed the industry. We believe that the company is well positioned to benefit from its organic and inorganic initiatives in the long run. Also, its 11% hike in quarterly dividend rate and newly approved $250 million share buyback program will work in its favor. For 2017 (results not yet released), the company anticipates gaining for roughly 6-7% growth in the U.S. home products market and 5-6% rise in global market. On a segmental basis, Cabinets revenues are likely to grow in the mid-single digit range in the fourth quarter. Sales in the Doors segment will increase in mid-single digits in 2017. Security sales are predicted to increase in mid-single digits in the fourth quarter while register growth of 3% or more for the full year. Plumbing segment will benefit from new brand additions.”

Shares of Fortune Brands Home & Security Inc (NYSE FBHS) traded up $1.65 during mid-day trading on Monday, hitting $63.36. 1,947,161 shares of the stock were exchanged, compared to its average volume of 1,548,619. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.13 and a current ratio of 1.77. The company has a market capitalization of $9,367.63, a price-to-earnings ratio of 20.71, a PEG ratio of 1.40 and a beta of 1.33. Fortune Brands Home & Security Inc has a twelve month low of $56.19 and a twelve month high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.80 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.80. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.95% and a return on equity of 18.73%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. equities analysts predict that Fortune Brands Home & Security Inc will post 3.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Friday, February 23rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, February 22nd. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. Fortune Brands Home & Security’s payout ratio is currently 23.53%.

In other news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $71.50, for a total value of $357,500.00. Following the sale, the director now owns 21,674 shares of the company’s stock, valued at $1,549,691. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.61% of the company’s stock.

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.

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