Fortune Brands Home & Security (FBHS) Hits New 12-Month High and Low at $55.55

Fortune Brands Home & Security (NYSE:FBHS)’s share price hit a new 52-week high and low on Tuesday . The company traded as low as $55.55 and last traded at $55.11, with a volume of 1686534 shares traded. The stock had previously closed at $57.26.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Friday. Gabelli raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Monday, February 12th. Nomura lowered their price target on Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Loop Capital assumed coverage on Fortune Brands Home & Security in a research report on Thursday, March 1st. They issued a “buy” rating and a $77.00 price target for the company. Finally, Barclays lowered their price target on Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Fortune Brands Home & Security presently has a consensus rating of “Hold” and an average price target of $73.00.

How to Become a New Pot Stock Millionaire

The stock has a market cap of $8,676.37, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.30 and a beta of 1.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.77 and a quick ratio of 1.13.

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

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $57.43, for a total value of $287,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.71% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Deutsche Bank AG grew its stake in Fortune Brands Home & Security by 67.8% in the 4th quarter. Deutsche Bank AG now owns 634,287 shares of the industrial products company’s stock valued at $43,405,000 after purchasing an additional 256,284 shares during the period. Captrust Financial Advisors bought a new position in Fortune Brands Home & Security in the 4th quarter valued at $122,000. Comerica Bank grew its stake in shares of Fortune Brands Home & Security by 20.6% during the 4th quarter. Comerica Bank now owns 47,596 shares of the industrial products company’s stock worth $3,480,000 after acquiring an additional 8,129 shares during the period. Financial Counselors Inc. grew its stake in shares of Fortune Brands Home & Security by 4.3% during the 4th quarter. Financial Counselors Inc. now owns 33,212 shares of the industrial products company’s stock worth $2,273,000 after acquiring an additional 1,382 shares during the period. Finally, Pensionfund DSM Netherlands bought a new position in shares of Fortune Brands Home & Security during the 4th quarter worth $3,011,000. Hedge funds and other institutional investors own 88.23% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://ledgergazette.com/2018/04/24/fortune-brands-home-security-fbhs-hits-new-12-month-high-and-low-at-55-55.html.

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 four segments: Cabinets, Plumbing, Doors, and 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.

Receive News & Ratings for Fortune Brands Home & Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply