Trading Report: The Fortune Brands Home & Security Inc. (FBHS) Rating Reiterate by RBC Capital Markets

The Fortune Brands Home & Security Inc. (FBHS) Rating Reiterate by RBC Capital Markets

Fortune Brands Home & Security Inc. (NYSE:FBHS)‘s stock had its “outperform” rating reaffirmed by analysts at RBC Capital Markets in a research report issued to clients and investors on Thursday. They currently have a $66.00 price target on the stock, down from their previous price target of $70.00. RBC Capital Markets’ price objective points to a potential upside of 22.84% from the stock’s previous close.

Several other analysts also recently weighed in on FBHS. Royal Bank Of Canada dropped their target price on shares of Fortune Brands Home & Security from $70.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Tuesday, October 25th. Bank of America Corp. started coverage on shares of Fortune Brands Home & Security in a report on Friday, September 23rd. They issued a “buy” rating and a $70.00 target price for the company. Cantor Fitzgerald started coverage on shares of Fortune Brands Home & Security in a report on Thursday, August 25th. They issued a “buy” rating and a $58.00 target price for the company. Finally, Wells Fargo & Co. started coverage on shares of Fortune Brands Home & Security in a report on Wednesday, September 28th. They issued an “outperform” rating for the company. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $62.64.

Fortune Brands Home & Security (NYSE:FBHS) opened at 53.73 on Thursday. The company has a market cap of $8.47 billion, a PE ratio of 21.50 and a beta of 1.26. Fortune Brands Home & Security has a 1-year low of $44.19 and a 1-year high of $64.47. The stock’s 50 day moving average price is $56.34 and its 200-day moving average price is $58.71.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. The business earned $1.28 billion during the quarter, compared to the consensus estimate of $848 million. Fortune Brands Home & Security had a net margin of 7.99% and a return on equity of 17.69%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. On average, analysts forecast that Fortune Brands Home & Security will post $2.74 earnings per share for the current year.

In other news, CEO Christopher J. Klein sold 150,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, August 5th. The shares were sold at an average price of $63.55, for a total transaction of $9,532,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Fortune Brands Home & Security by 18.9% in the second quarter. Vanguard Group Inc. now owns 13,626,498 shares of the company’s stock worth $789,929,000 after buying an additional 2,170,407 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Fortune Brands Home & Security by 327.2% in the second quarter. Guggenheim Capital LLC now owns 827,443 shares of the company’s stock worth $47,967,000 after buying an additional 633,764 shares during the period. FMR LLC boosted its stake in shares of Fortune Brands Home & Security by 9.0% in the second quarter. FMR LLC now owns 7,484,049 shares of the company’s stock worth $433,850,000 after buying an additional 620,346 shares during the period. AXA boosted its stake in shares of Fortune Brands Home & Security by 480.9% in the second quarter. AXA now owns 705,299 shares of the company’s stock worth $40,887,000 after buying an additional 583,889 shares during the period. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Fortune Brands Home & Security during the second quarter worth $33,319,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

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