Fortune Brands Home & Security (NYSE:FBHS) Price Target Increased to $85.00 by Analysts at SunTrust Banks

Fortune Brands Home & Security (NYSE:FBHS) had its target price upped by SunTrust Banks from $75.00 to $85.00 in a report released on Thursday morning, The Fly reports. SunTrust Banks currently has a buy rating on the industrial products company’s stock.

A number of other equities analysts have also commented on the stock. Barclays reaffirmed a sell rating and issued a $45.00 price objective on shares of Fortune Brands Home & Security in a research note on Sunday, May 3rd. Nomura Instinet lifted their target price on shares of Fortune Brands Home & Security from $58.00 to $64.00 and gave the company a buy rating in a research note on Wednesday, May 27th. Deutsche Bank lifted their target price on shares of Fortune Brands Home & Security from $68.00 to $86.00 and gave the company a buy rating in a research note on Thursday. Nomura lifted their target price on shares of Fortune Brands Home & Security from $58.00 to $54.00 and gave the company a buy rating in a research note on Wednesday, May 27th. Finally, Royal Bank of Canada lifted their target price on shares of Fortune Brands Home & Security from $62.00 to $77.00 and gave the company a sector perform rating in a research note on Thursday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $69.63.

Fortune Brands Home & Security stock traded down $0.49 during midday trading on Thursday, reaching $76.50. The stock had a trading volume of 1,344,569 shares, compared to its average volume of 997,484. The firm’s fifty day simple moving average is $65.15 and its two-hundred day simple moving average is $59.36. Fortune Brands Home & Security has a twelve month low of $33.90 and a twelve month high of $78.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.05 and a quick ratio of 0.97. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 24.76 and a beta of 1.67.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.35. Fortune Brands Home & Security had a net margin of 7.61% and a return on equity of 21.65%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $1.03 EPS. The company’s revenue was down 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Fortune Brands Home & Security will post 3.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.96 annualized dividend and a dividend yield of 1.25%. Fortune Brands Home & Security’s payout ratio is 26.67%.

In other news, SVP Brian C. Lantz sold 14,745 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $67.74, for a total value of $998,826.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Danny Luburic sold 2,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $60.18, for a total value of $120,360.00. Following the completion of the transaction, the vice president now directly owns 9,693 shares of the company’s stock, valued at $583,324.74. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Pflug Koory LLC raised its holdings in shares of Fortune Brands Home & Security by 6.7% in the 2nd quarter. Pflug Koory LLC now owns 3,120 shares of the industrial products company’s stock worth $199,000 after buying an additional 195 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Fortune Brands Home & Security by 1.7% in the 2nd quarter. CIBC Asset Management Inc now owns 11,964 shares of the industrial products company’s stock worth $765,000 after buying an additional 199 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Fortune Brands Home & Security by 45.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 784 shares of the industrial products company’s stock worth $50,000 after buying an additional 245 shares in the last quarter. Creative Planning increased its holdings in Fortune Brands Home & Security by 2.8% during the 2nd quarter. Creative Planning now owns 9,183 shares of the industrial products company’s stock valued at $587,000 after purchasing an additional 252 shares in the last quarter. Finally, Brinker Capital Inc. increased its holdings in Fortune Brands Home & Security by 0.9% during the 2nd quarter. Brinker Capital Inc. now owns 35,988 shares of the industrial products company’s stock valued at $2,301,000 after purchasing an additional 314 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

About Fortune Brands Home & Security

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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