Fortune Brands Home & Security (NYSE:FBHS) was upgraded by stock analysts at Gabelli from a “hold” rating to a “buy” rating in a research note issued on Monday, MarketBeat Ratings reports. The brokerage currently has a $78.00 price target on the industrial products company’s stock. Gabelli’s target price indicates a potential upside of 23.65% from the company’s previous close.

Several other equities research analysts have also recently issued reports on FBHS. Royal Bank of Canada dropped their target price on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. SunTrust Banks restated a “hold” rating and issued a $63.00 target price on shares of Fortune Brands Home & Security in a report on Friday, November 10th. Robert W. Baird restated a “buy” rating and issued a $72.00 target price on shares of Fortune Brands Home & Security in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Thursday, January 11th. Finally, Citigroup raised their target price on shares of Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.31.

Shares of Fortune Brands Home & Security (FBHS) opened at $63.08 on Monday. Fortune Brands Home & Security has a fifty-two week low of $56.19 and a fifty-two week high of $73.62. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 0.58. The company has a market cap of $9,367.63, a P/E ratio of 20.64, a PEG ratio of 1.40 and a beta of 1.33.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.80 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.80. Fortune Brands Home & Security had a net margin of 8.95% and a return on equity of 18.73%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. sell-side analysts forecast that Fortune Brands Home & Security will post 3.63 EPS for the current year.

Fortune Brands Home & Security declared that its board has authorized a stock buyback program on Monday, December 11th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $71.50, for a total value of $357,500.00. Following the transaction, the director now directly owns 21,674 shares in the company, valued at $1,549,691. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.61% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tocqueville Asset Management L.P. raised its position in Fortune Brands Home & Security by 27.5% in the fourth quarter. Tocqueville Asset Management L.P. now owns 11,350 shares of the industrial products company’s stock worth $777,000 after acquiring an additional 2,450 shares during the period. Renaissance Technologies LLC bought a new position in Fortune Brands Home & Security in the fourth quarter worth approximately $53,205,000. Koch Industries Inc. bought a new position in Fortune Brands Home & Security in the fourth quarter worth approximately $480,000. Truewealth LLC bought a new position in Fortune Brands Home & Security in the fourth quarter worth approximately $773,000. Finally, Amundi Pioneer Asset Management Inc. raised its position in Fortune Brands Home & Security by 273.2% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 727,383 shares of the industrial products company’s stock worth $49,782,000 after acquiring an additional 532,488 shares during the period. Institutional investors and hedge funds own 87.04% of the company’s stock.

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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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