Royal Bank of Canada Boosts Fortune Brands Home & Security (NYSE:FBHS) Price Target to $77.00

Fortune Brands Home & Security (NYSE:FBHS) had its target price upped by Royal Bank of Canada from $62.00 to $77.00 in a research report report published on Thursday, The Fly reports. They currently have a sector perform rating on the industrial products company’s stock. The analysts noted that the move was a valuation call.

Other analysts have also issued reports about the stock. Deutsche Bank upped their price target on shares of Fortune Brands Home & Security from $60.00 to $68.00 and gave the stock a buy rating in a research note on Tuesday, June 23rd. Nomura Instinet upped their price target on shares of Fortune Brands Home & Security from $58.00 to $64.00 and gave the stock a buy rating in a research note on Wednesday, May 27th. TheStreet raised shares of Fortune Brands Home & Security from a c+ rating to a b rating in a research note on Thursday, June 4th. Nomura Securities raised shares of Fortune Brands Home & Security from a neutral rating to a buy rating and increased their target price for the company from $43.00 to $55.00 in a research note on Friday, April 17th. Finally, SunTrust Banks cut their target price on shares of Fortune Brands Home & Security from $80.00 to $60.00 and set a buy rating for the company in a research note on Thursday, April 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $69.63.

Fortune Brands Home & Security stock traded down $0.49 during midday trading on Thursday, reaching $76.50. 1,344,569 shares of the stock traded hands, compared to its average volume of 997,484. The company has a current ratio of 2.05, a quick ratio of 0.97 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average price of $65.15 and a two-hundred day moving average price of $59.36. 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 has a fifty-two week low of $33.90 and a fifty-two week high of $78.25.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.35. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.29 billion. Fortune Brands Home & Security had a net margin of 7.61% and a return on equity of 21.65%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS. Analysts anticipate that Fortune Brands Home & Security will post 3.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, August 27th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.67%.

In other news, VP Danny Luburic sold 2,000 shares of the stock in a transaction on Friday, May 22nd. The shares were 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 owns 9,693 shares in the company, valued at approximately $583,324.74. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brian C. Lantz sold 14,745 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $67.74, for a total transaction of $998,826.30. The disclosure for this sale can be found here. 1.45% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Grimes & Company Inc. acquired a new position in shares of Fortune Brands Home & Security in the 2nd quarter valued at $291,000. First Horizon Advisors Inc. raised its stake 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 valued at $50,000 after buying an additional 245 shares in the last quarter. Mackay Shields LLC increased its position in shares of Fortune Brands Home & Security by 105.6% during the 2nd quarter. Mackay Shields LLC now owns 47,851 shares of the industrial products company’s stock worth $3,059,000 after purchasing an additional 24,578 shares in the last quarter. Pflug Koory LLC increased its position in shares of Fortune Brands Home & Security by 6.7% during the 2nd quarter. Pflug Koory LLC now owns 3,120 shares of the industrial products company’s stock worth $199,000 after purchasing an additional 195 shares in the last quarter. Finally, Brinker Capital Inc. increased its position in shares of 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 worth $2,301,000 after purchasing an additional 314 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

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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