Analysts’ Recent Ratings Updates for Fortune Brands Home & Security (FBHS)

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Several analysts have recently updated their ratings and price targets for Fortune Brands Home & Security (NYSE: FBHS):

  • 10/30/2018 – Fortune Brands Home & Security was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Over the past three months, Fortune Brands’ shares have underperformed the industry. The company’s third-quarter 2018 adjusted earnings of 93 cents per share missed the Zacks Consensus Estimate by 11.4%. On the other hand, quarterly revenues missed the Zacks Consensus Estimate by 4%. The company noted that a slower summer market demand and adverse impact of Hurricane Florence dampened revenues and profitability in the reported quarter. Material price inflation and flaring up freight charges have been escalating Fortune Brands' aggregate costs, of late. The company perceives that inflationary pressure, integration costs associated with the Fiberon acquisition, impact of bond financing and inefficiencies existing within Security operations will weigh over its near-term profitability. Notably, the company lowered its earnings view for 2018 from $3.62-$3.72 per share to $3.41-$3.49 per share.”
  • 10/26/2018 – Fortune Brands Home & Security had its price target lowered by analysts at Nomura from $56.00 to $52.00. They now have a “neutral” rating on the stock.
  • 10/26/2018 – Fortune Brands Home & Security had its price target lowered by analysts at SunTrust Banks, Inc. to $46.00. They now have a “hold” rating on the stock.
  • 10/26/2018 – Fortune Brands Home & Security was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 10/25/2018 – Fortune Brands Home & Security had its price target lowered by analysts at Loop Capital to $59.00. They now have a “buy” rating on the stock.
  • 10/17/2018 – Fortune Brands Home & Security was given a new $57.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 10/12/2018 – Fortune Brands Home & Security was downgraded by analysts at Longbow Research from a “buy” rating to a “neutral” rating.
  • 10/2/2018 – Fortune Brands Home & Security is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $64.00 price target on the stock.

Shares of NYSE FBHS opened at $45.14 on Wednesday. Fortune Brands Home & Security Inc has a one year low of $40.89 and a one year high of $73.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.30. The firm has a market cap of $6.51 billion, a PE ratio of 14.66, a PEG ratio of 1.25 and a beta of 1.31.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.12). Fortune Brands Home & Security had a net margin of 7.94% and a return on equity of 20.95%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.44 billion. As a group, research analysts expect that Fortune Brands Home & Security Inc will post 3.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Friday, November 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.77%. Fortune Brands Home & Security’s dividend payout ratio is presently 25.97%.

In related news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $51.31, for a total transaction of $256,550.00. Following the sale, the director now directly owns 14,142 shares in the company, valued at approximately $725,626.02. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.71% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its stake in shares of Fortune Brands Home & Security by 43.1% during the 2nd quarter. Arizona State Retirement System now owns 79,155 shares of the industrial products company’s stock valued at $4,250,000 after purchasing an additional 23,848 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of Fortune Brands Home & Security during the 2nd quarter valued at $2,323,000. Bank of America Corp DE raised its stake in shares of Fortune Brands Home & Security by 17.7% during the 2nd quarter. Bank of America Corp DE now owns 734,818 shares of the industrial products company’s stock valued at $39,451,000 after purchasing an additional 110,464 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Fortune Brands Home & Security by 287.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 117,945 shares of the industrial products company’s stock valued at $6,332,000 after purchasing an additional 87,539 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Fortune Brands Home & Security during the 2nd quarter valued at $4,591,000. Institutional investors own 85.43% of the company’s stock.

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 four segments: Cabinets, Plumbing, Doors, and 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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