Fortune Brands Home & Security, Inc. (NYSE:FBHS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “In the last three months, Fortune Brands' shares have outperformed the industry. In second-quarter 2017, the company's profitability improved on the back of healthy segmental performance. It anticipates the positive momentum to continue through the rest of 2017, predicting 6-7% growth in the U.S. home products market and 5-6% rise in global market. Sales growth is anticipated to be in a band of 6-8% in the year. Also, the company revised its earnings guidance to $3.04-$3.12 per share from the earlier projection of $3.00-$3.12. The mid-point now stands at $3.08 versus $3.06 predicted earlier. However, the company is exposed to risks from international operations, stiff competition, high-debt levels and uncertain economic conditions.”

Several other brokerages have also commented on FBHS. Instinet reissued a “hold” rating on shares of Fortune Brands Home & Security in a research note on Friday, April 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $76.00 target price on shares of Fortune Brands Home & Security in a research note on Thursday, June 1st. Barclays PLC reaffirmed a “hold” rating and issued a $62.00 target price on shares of Fortune Brands Home & Security in a research note on Friday, April 28th. Nomura began coverage on Fortune Brands Home & Security in a research note on Wednesday, April 12th. They issued a “neutral” rating and a $65.00 target price on the stock. Finally, Wells Fargo & Company lowered Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 target price on the stock. in a research note on Wednesday, July 19th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $67.73.

Shares of Fortune Brands Home & Security (NYSE FBHS) traded up 0.29% during trading on Friday, hitting $65.23. The stock had a trading volume of 1,144,810 shares. The stock has a 50-day moving average price of $65.79 and a 200 day moving average price of $61.68. Fortune Brands Home & Security has a 12 month low of $52.05 and a 12 month high of $67.50. The company has a market cap of $10.22 billion, a P/E ratio of 23.22 and a beta of 1.39.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 EPS. Equities analysts expect that Fortune Brands Home & Security will post $3.10 EPS for the current fiscal year.

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In other Fortune Brands Home & Security news, CFO E Lee Wyatt sold 40,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $63.48, for a total value of $2,539,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Klein sold 40,063 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $63.13, for a total transaction of $2,529,177.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,265 shares of company stock valued at $9,778,418. 1.61% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of FBHS. Welch Group LLC bought a new position in shares of Fortune Brands Home & Security during the first quarter valued at approximately $112,000. State of Alaska Department of Revenue bought a new position in shares of Fortune Brands Home & Security during the first quarter valued at approximately $126,000. Global X Management Co. LLC boosted its position in shares of Fortune Brands Home & Security by 28.7% in the first quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock valued at $128,000 after buying an additional 470 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in shares of Fortune Brands Home & Security by 3.5% in the first quarter. Salem Investment Counselors Inc. now owns 2,454 shares of the industrial products company’s stock valued at $148,000 after buying an additional 83 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of Fortune Brands Home & Security by 205.6% in the first quarter. NN Investment Partners Holdings N.V. now owns 2,750 shares of the industrial products company’s stock valued at $168,000 after buying an additional 1,850 shares during the last quarter. 85.73% of the stock is owned by institutional investors.

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.

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

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