Fortune Brands Home & Security (NYSE:FBHS) Price Target Increased to $74.00 by Analysts at JPMorgan Chase & Co.

Fortune Brands Home & Security (NYSE:FBHS) had its price target hoisted by JPMorgan Chase & Co. from $60.00 to $74.00 in a report issued on Friday, The Fly reports.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird cut shares of Fortune Brands Home & Security from an outperform rating to a neutral rating and set a $47.00 target price on the stock. in a report on Thursday, April 16th. TheStreet raised shares of Fortune Brands Home & Security from a c+ rating to a b rating in a report on Thursday, June 4th. Nomura Instinet boosted 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 report on Wednesday, May 27th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a sell rating to a hold rating and set a $66.00 price target on the stock in a report on Thursday, June 11th. Finally, Credit Suisse Group began coverage on shares of Fortune Brands Home & Security in a report on Wednesday, May 27th. They issued a neutral rating and a $64.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. Fortune Brands Home & Security has a consensus rating of Hold and an average price target of $63.38.

Shares of FBHS stock opened at $64.83 on Friday. The company’s fifty day simple moving average is $62.10 and its two-hundred day simple moving average is $58.95. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.54 and a quick ratio of 0.97. Fortune Brands Home & Security has a 1 year low of $33.90 and a 1 year high of $73.28. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 20.07 and a beta of 1.67.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Thursday, April 30th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. Fortune Brands Home & Security had a net margin of 7.81% and a return on equity of 22.56%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that Fortune Brands Home & Security will post 2.98 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 29th were given a $0.24 dividend. The ex-dividend date was Thursday, May 28th. This represents a $0.96 annualized dividend and a yield of 1.48%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.67%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gradient Investments LLC boosted its position in Fortune Brands Home & Security by 492.1% during the second quarter. Gradient Investments LLC now owns 256,786 shares of the industrial products company’s stock valued at $16,416,000 after buying an additional 213,416 shares during the period. Cullinan Associates Inc. purchased a new stake in Fortune Brands Home & Security during the second quarter valued at about $205,000. Robecosam AG boosted its position in Fortune Brands Home & Security by 18.3% during the second quarter. Robecosam AG now owns 482,800 shares of the industrial products company’s stock valued at $30,865,000 after buying an additional 74,600 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Fortune Brands Home & Security by 513.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,210 shares of the industrial products company’s stock valued at $781,000 after buying an additional 10,220 shares during the period. Finally, Boltwood Capital Management purchased a new stake in Fortune Brands Home & Security during the second quarter valued at about $203,000. Institutional investors and hedge funds own 88.80% 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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