security

Fortune Brands Home & Security (NYSE:FBHS) Research Coverage Started at Deutsche Bank – TechNewsObserver


Deutsche Bank assumed coverage on shares of Fortune Brands Home & Security (NYSE:FBHS) in a research report issued to clients and investors on Wednesday, November 20th, MarketBeat.com reports. The firm set a “buy” rating and a $76.00 price target on the industrial products company’s stock. Deutsche Bank’s price objective points to a potential upside of 16.76% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. ValuEngine cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Jefferies Financial Group increased their price target on Fortune Brands Home & Security from $67.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada increased their price target on Fortune Brands Home & Security from $61.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. SunTrust Banks upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and increased their price target for the company from $58.00 to $75.00 in a research note on Monday, October 28th. Finally, Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $64.00 price target on the stock in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $64.27.

Shares of Fortune Brands Home & Security stock traded down $0.43 on Wednesday, reaching $65.09. 1,003,543 shares of the company were exchanged, compared to its average volume of 1,020,309. Fortune Brands Home & Security has a one year low of $35.27 and a one year high of $66.01. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.04 and a beta of 1.53. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average of $62.69 and a 200 day moving average of $55.94.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts predict that Fortune Brands Home & Security will post 3.58 earnings per share for the current year.

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 110,530 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $62.06, for a total value of $6,859,491.80. Also, CEO Christopher J. Klein sold 50,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $64.60, for a total value of $3,230,000.00. Over the last ninety days, insiders sold 262,762 shares of company stock worth $16,496,720. Insiders own 1.63% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FBHS. Putnam Investments LLC grew its holdings in shares of Fortune Brands Home & Security by 1,568.5% during the 2nd quarter. Putnam Investments LLC now owns 2,772,750 shares of the industrial products company’s stock worth $158,407,000 after purchasing an additional 2,606,572 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of Fortune Brands Home & Security by 334.3% during the 2nd quarter. Holocene Advisors LP now owns 1,533,278 shares of the industrial products company’s stock worth $87,596,000 after purchasing an additional 1,180,254 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Fortune Brands Home & Security by 37.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 3,542,182 shares of the industrial products company’s stock worth $202,365,000 after purchasing an additional 971,613 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fortune Brands Home & Security by 9.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock worth $476,103,000 after purchasing an additional 706,944 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Fortune Brands Home & Security during the 2nd quarter worth $32,493,000. 86.50% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Fortune Brands Home & Security (NYSE:FBHS)

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