Trade Report: The Fortune Brands Home & Security Inc. (FBHS) Downgraded by KeyCorp

The Fortune Brands Home & Security Inc. (FBHS) Downgraded by KeyCorp

Fortune Brands Home & Security Inc. (NYSE:FBHS) was downgraded by KeyCorp to an “overweight” rating in a note issued to investors on Monday, The Fly reports.

A number of other equities analysts also recently commented on FBHS. Jefferies Group reissued a “buy” rating on shares of Fortune Brands Home & Security in a research report on Thursday, August 4th. RBC Capital Markets reissued an “outperform” rating and set a $70.00 price objective (up from $65.00) on shares of Fortune Brands Home & Security in a research report on Thursday, July 28th. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Friday, July 29th. Credit Suisse Group AG reissued a “hold” rating on shares of Fortune Brands Home & Security in a research report on Tuesday, June 28th. Finally, Royal Bank Of Canada boosted their price objective on Fortune Brands Home & Security from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $63.67.

Fortune Brands Home & Security (NYSE:FBHS) traded up 1.04% during trading on Monday, reaching $55.61. 1,010,134 shares of the company’s stock were exchanged. The stock has a market capitalization of $8.56 billion, a PE ratio of 23.37 and a beta of 1.26. The stock has a 50-day moving average of $58.75 and a 200-day moving average of $58.86. Fortune Brands Home & Security has a 52 week low of $44.19 and a 52 week high of $64.47.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.09. Fortune Brands Home & Security had a return on equity of 16.39% and a net margin of 7.73%. The business earned $1.30 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts anticipate that Fortune Brands Home & Security will post $2.74 EPS for the current year.

In other news, insider David Randich sold 55,600 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $63.12, for a total value of $3,509,472.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO E Lee Wyatt sold 150,000 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $63.59, for a total value of $9,538,500.00. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC purchased a new stake in Fortune Brands Home & Security during the first quarter valued at $1,738,000. Metropolitan Life Insurance Co. NY increased its stake in Fortune Brands Home & Security by 1.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 145,436 shares of the company’s stock valued at $8,150,000 after buying an additional 2,248 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Fortune Brands Home & Security by 42.5% in the first quarter. Envestnet Asset Management Inc. now owns 24,433 shares of the company’s stock valued at $1,369,000 after buying an additional 7,286 shares during the last quarter. Legal & General Group Plc increased its stake in Fortune Brands Home & Security by 0.9% in the first quarter. Legal & General Group Plc now owns 630,186 shares of the company’s stock valued at $35,314,000 after buying an additional 5,876 shares during the last quarter. Finally, Diker Management LLC purchased a new stake in Fortune Brands Home & Security during the first quarter valued at $2,001,000. 92.95% of the stock is owned by institutional investors and hedge funds.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company is a home and security products company with a portfolio of branded products used for residential home repair, remodeling, new construction and security applications. The Company operates through four segments: Cabinets, Plumbing, Doors and Security.

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