Fortune Brands Home & Security’s (FBHS) Buy Rating Reiterated at Jefferies Group LLC

Fortune Brands Home & Security, Inc. (NYSE:FBHS)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group LLC in a report released on Thursday. They currently have a $78.00 price objective on the industrial products company’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 18.07% from the company’s current price.

A number of other research analysts have also commented on the company. BidaskClub upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Credit Suisse Group started coverage on Fortune Brands Home & Security in a report on Thursday, June 22nd. They set an “outperform” rating and a $72.00 price target for the company. Wells Fargo & Company lowered Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price target for the company. in a report on Wednesday, July 19th. Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday, July 20th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $75.00 price target on shares of Fortune Brands Home & Security in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. Fortune Brands Home & Security presently has an average rating of “Hold” and an average price target of $68.75.

Shares of Fortune Brands Home & Security (FBHS) opened at 66.06 on Thursday. Fortune Brands Home & Security has a 52 week low of $52.05 and a 52 week high of $67.76. The company has a 50 day moving average of $64.59 and a 200-day moving average of $64.07. The company has a market cap of $10.17 billion, a price-to-earnings ratio of 23.52 and a beta of 1.37.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, equities research analysts expect that Fortune Brands Home & Security will post $3.09 earnings per share for the current fiscal year.

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In related news, CEO Christopher J. Klein sold 60,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total value of $3,766,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider E Lee Wyatt sold 33,400 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $65.01, for a total value of $2,171,334.00. The disclosure for this sale can be found here. Insiders sold 136,000 shares of company stock valued at $8,715,420 over the last 90 days. 1.61% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of FBHS. BlackRock Inc. raised its stake in shares of Fortune Brands Home & Security by 1,433.3% in the first quarter. BlackRock Inc. now owns 12,580,467 shares of the industrial products company’s stock valued at $765,522,000 after purchasing an additional 11,759,987 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in Fortune Brands Home & Security by 25.9% during the second quarter. Pictet Asset Management Ltd. now owns 2,500,219 shares of the industrial products company’s stock worth $157,763,000 after acquiring an additional 514,041 shares in the last quarter. Vanguard Group Inc. raised its stake in Fortune Brands Home & Security by 3.1% during the second quarter. Vanguard Group Inc. now owns 15,160,589 shares of the industrial products company’s stock worth $989,078,000 after acquiring an additional 460,317 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in Fortune Brands Home & Security during the first quarter worth $27,870,000. Finally, Gluskin Sheff & Assoc Inc. acquired a new position in Fortune Brands Home & Security during the second quarter worth $14,798,000. Institutional investors and hedge funds own 88.13% of the company’s stock.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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

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