Fortune Brands Home & Security’s (FBHS) “Outperform” Rating Reiterated at Credit Suisse Group

Fortune Brands Home & Security (NYSE:FBHS)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse Group in a research report issued on Monday, The Fly reports. They presently have a $80.00 price objective on the industrial products company’s stock, up from their previous price objective of $74.00. Credit Suisse Group’s price objective points to a potential upside of 10.34% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other brokerages have also recently weighed in on FBHS. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Citigroup lifted their price objective on shares of Fortune Brands Home & Security from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Royal Bank of Canada restated a “buy” rating and issued a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Monday, September 25th. JPMorgan Chase & Co. lifted their price objective on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Finally, BidaskClub upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $71.83.

Shares of Fortune Brands Home & Security (NYSE:FBHS) opened at $72.50 on Monday. Fortune Brands Home & Security has a 12-month low of $54.62 and a 12-month high of $73.11. The firm has a market cap of $11,057.17, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.17 and a current ratio of 1.87.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Fortune Brands Home & Security had a net margin of 8.62% and a return on equity of 18.64%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share. equities research analysts anticipate that Fortune Brands Home & Security will post 3.07 EPS for the current year.

Fortune Brands Home & Security declared that its Board of Directors has authorized a share repurchase plan on Monday, December 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $71.50, for a total transaction of $357,500.00. Following the completion of the transaction, the director now owns 21,674 shares in the company, valued at approximately $1,549,691. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Klein sold 85,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $67.13, for a total transaction of $5,706,050.00. The disclosure for this sale can be found here. Insiders own 1.61% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC acquired a new position in Fortune Brands Home & Security during the 3rd quarter worth approximately $117,000. Cerebellum GP LLC acquired a new position in Fortune Brands Home & Security during the 4th quarter worth approximately $127,000. First Midwest Bank Trust Division acquired a new position in Fortune Brands Home & Security during the 3rd quarter worth approximately $209,000. Stratos Wealth Partners LTD. acquired a new position in Fortune Brands Home & Security during the 3rd quarter worth approximately $210,000. Finally, McCollum Christoferson Group LLC acquired a new position in Fortune Brands Home & Security during the 4th quarter worth approximately $226,000. Institutional investors own 87.31% of the company’s stock.

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About Fortune Brands Home & Security

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.

The Fly

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

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