Fortune Brands Home & Security, Inc. (NYSE:FBHS – Get Rating) – Analysts at KeyCorp lowered their FY2022 earnings per share (EPS) estimates for shares of Fortune Brands Home & Security in a note issued to investors on Monday, August 1st. KeyCorp analyst K. Zener now anticipates that the industrial products company will earn $6.43 per share for the year, down from their previous estimate of $6.50. The consensus estimate for Fortune Brands Home & Security's current full-year earnings is $6.42 per share. KeyCorp also issued estimates for Fortune Brands Home & Security's FY2023 earnings at $6.83 EPS.
Get Fortune Brands Home & Security alerts:Fortune Brands Home & Security (NYSE:FBHS – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.58 by $0.09. Fortune Brands Home & Security had a return on equity of 26.19% and a net margin of 9.41%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company earned $1.56 EPS. The firm's revenue was up 9.0% compared to the same quarter last year.
FBHS has been the subject of a number of other reports. Credit Suisse Group raised their target price on Fortune Brands Home & Security from $90.00 to $95.00 in a research note on Monday, May 9th. TheStreet downgraded Fortune Brands Home & Security from a "b-" rating to a "c+" rating in a research note on Tuesday, July 5th. BMO Capital Markets cut their target price on Fortune Brands Home & Security from $115.00 to $90.00 in a research note on Friday, July 29th. The Goldman Sachs Group cut their target price on Fortune Brands Home & Security from $102.00 to $89.00 and set a "buy" rating for the company in a research note on Thursday, June 23rd. Finally, Bank of America raised Fortune Brands Home & Security from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $74.00 to $84.00 in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $89.54.Fortune Brands Home & Security Stock Up 1.6 %
NYSE FBHS opened at $67.83 on Thursday. The business has a fifty day moving average price of $64.77 and a 200 day moving average price of $74.97. Fortune Brands Home & Security has a one year low of $56.86 and a one year high of $109.23. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.12 and a current ratio of 2.13. The company has a market cap of $8.77 billion, a P/E ratio of 12.27, a P/E/G ratio of 1.45 and a beta of 1.56.
Fortune Brands Home & Security Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Friday, August 26th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, August 25th. Fortune Brands Home & Security's dividend payout ratio (DPR) is 20.25%.
Hedge Funds Weigh In On Fortune Brands Home & Security
A number of hedge funds and other institutional investors have recently bought and sold shares of FBHS. Toronto Dominion Bank boosted its stake in shares of Fortune Brands Home & Security by 42.5% in the 4th quarter. Toronto Dominion Bank now owns 79,892 shares of the industrial products company's stock valued at $8,540,000 after buying an additional 23,820 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Fortune Brands Home & Security by 4.8% in the 4th quarter. Baird Financial Group Inc. now owns 14,203 shares of the industrial products company's stock valued at $1,518,000 after buying an additional 653 shares during the period. UMB Bank N A MO purchased a new position in shares of Fortune Brands Home & Security in the 4th quarter valued at about $551,000. Canada Pension Plan Investment Board boosted its stake in shares of Fortune Brands Home & Security by 685.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,579 shares of the industrial products company's stock valued at $1,238,000 after buying an additional 10,105 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Fortune Brands Home & Security by 42.9% in the 1st quarter. Signaturefd LLC now owns 923 shares of the industrial products company's stock valued at $69,000 after buying an additional 277 shares during the period. 88.19% of the stock is currently owned by hedge funds and other institutional investors.
About Fortune Brands Home & Security
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Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.
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