Nomura Boosts Fortune Brands Home & Security (NYSE:FBHS) Price Target to $67.00

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Fortune Brands Home & Security (NYSE:FBHS) had its target price raised by Nomura from $64.00 to $67.00 in a research report report published on Friday, BenzingaRatingsTable reports. Nomura currently has a neutral rating on the industrial products company’s stock.

Several other equities research analysts have also recently weighed in on the company. Deutsche Bank started coverage on Fortune Brands Home & Security in a research note on Wednesday, November 20th. They set a buy rating and a $76.00 target price for the company. Zelman & Associates lowered shares of Fortune Brands Home & Security from a buy rating to a hold rating in a research note on Friday, November 15th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a sell rating to a hold rating and set a $64.00 price objective on the stock in a report on Friday, October 25th. Royal Bank of Canada boosted their price objective on shares of Fortune Brands Home & Security from $61.00 to $67.00 and gave the stock an outperform rating in a research report on Wednesday, November 13th. Finally, SunTrust Banks upgraded shares of Fortune Brands Home & Security from a hold rating to a buy rating and boosted their price objective for the stock from $58.00 to $75.00 in a research report on Monday, October 28th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Fortune Brands Home & Security has a consensus rating of Hold and a consensus target price of $64.27.

Shares of FBHS stock traded up $0.70 on Friday, reaching $64.60. 998,169 shares of the stock were exchanged, compared to its average volume of 1,375,199. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.98 and a beta of 1.53. The business’s 50 day moving average price is $61.84 and its 200 day moving average price is $55.52. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Fortune Brands Home & Security has a twelve month low of $35.27 and a twelve month high of $65.12.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.02). Fortune Brands Home & Security had a return on equity of 21.55% and a net margin of 7.23%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm earned $0.93 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Equities research analysts forecast that Fortune Brands Home & Security will post 3.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.36%. Fortune Brands Home & Security’s dividend payout ratio is presently 26.35%.

In related news, Director Ann F. Hackett sold 2,387 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $62.83, for a total transaction of $149,975.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Klein sold 50,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $64.60, for a total transaction of $3,230,000.00. Insiders have sold a total of 262,762 shares of company stock worth $16,496,720 in the last 90 days. 1.63% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in FBHS. Man Group plc raised its stake in Fortune Brands Home & Security by 64.8% during the 3rd quarter. Man Group plc now owns 69,782 shares of the industrial products company’s stock valued at $3,816,000 after acquiring an additional 27,436 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Fortune Brands Home & Security by 65.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,095,176 shares of the industrial products company’s stock valued at $59,906,000 after purchasing an additional 433,998 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of Fortune Brands Home & Security by 25.0% in the third quarter. Penserra Capital Management LLC now owns 920 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 184 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of Fortune Brands Home & Security in the third quarter valued at approximately $299,000. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Fortune Brands Home & Security by 4.5% in the third quarter. Parametric Portfolio Associates LLC now owns 525,251 shares of the industrial products company’s stock valued at $28,731,000 after purchasing an additional 22,701 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Fortune Brands Home & Security Company Profile

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 three segments: Cabinets, Plumbing, and Doors & 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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Analyst Recommendations for Fortune Brands Home & Security (NYSE:FBHS)

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