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85.46% of the stock is owned by hedge funds and other institutional investors. Deutsche Bank Aktiengesellschaft dropped their price objective on Fortune Brands Home & Security from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, October 20th. Credit Suisse Group dropped their price objective on Fortune Brands Home & Security from $57.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, December 7th. StockNews.com assumed coverage on Fortune Brands Home & Security in a report on Wednesday, October 12th.
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The Goldman Sachs Group lowered their price target on Fortune Brands Home & Security from $89.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, October 12th. Finally, BMO Capital Markets lowered their price target on Fortune Brands Home & Security from $85.00 to $82.00 and set an “outperform” rating on the stock in a report on Wednesday, December 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock.
The $2.0 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names. Fortune Brands' Outdoors & Security segment is headquartered in Maumee, Ohio. Formerly operating under "Doors & Security", its name was changed to Outdoors & Security in November 2020 preceding the acquisition of Larson in December 2020. Fortune Brands acquired Solar Innovations in January 2022 to support the segment’s outdoor living strategy. Other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in shares of Fortune Brands Home & Security by 592.4% in the second quarter.
Fortune Brands Announces Effectiveness of the Form 10 Registration Statement for MasterBrand
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In April 2022 Fortune Brands announced its intent to separate into two publicly traded companies via a tax-free spin-off of the Cabinets business. As previously announced, the Company is changing its name to Fortune Brands Innovations, Inc. and its ticker symbol to FBIN, effective December 15, 2022. The new name better reflects the Company’s evolution as a business focused on driving accelerated growth in its categories through brand and innovation. The Fortune Brands Innovations dividend announced today will be the first dividend paid out under the Company’s new name, underscoring that Fortune Brands Innovations remains committed to creating shareholder value. Markets were going between gains and losses this morning as tech shares tried to build on yesterday's sharp rebound. As momentum tries to reverse higher, our deep learning algorithms have gone through the data to give you some ideas for Top Buys if you're looking to buy this market.
Fortune Brands Home & Security Financial Summary
Nothing discussed or presented in Quantalytics constitutes a representation that any investment, investment strategy, or recommendation is suitable or appropriate to an investor's individual circumstances or otherwise constitutes a personal recommendation. C-RATED STOCKS are those stocks our Big Data multi-factor models score as probable to have negligible return for the month. Mid Cap U.S. Pick List December 2022This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market. Provide specific products and services to you, such as portfolio management or data aggregation. Style is an investment factor that has a meaningful impact on investment risk and returns.
Although the housing market has several factors still working against it, these undervalued names are poised to benefit from supportive demographics. All values as of most recently reported quarter unless otherwise noted. Leveraging Big Data multi-factor models, the Q-Factor Score is assigned to each stock ranging from “Top Buy” to “Top Short”. The Q-Factor Score represents an expectation for how a stock will perform in a given month.
According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $80.62. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. Fortune Brands will make two significant changes to its product portfolio this year and next. First, the firm plans to spin off its $3.3 billion cabinets business on Dec. 14.
The cabinets business generates below-consolidated average operating margin and return on invested capital, so Fortune Brands will report stronger profit margins and ROIC after the spinoff. Fortune Brands' Water Innovations segment is headquartered in North Olmsted, Ohio. The segment manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposals, predominantly under the Moen and House of Rohl brands, which includes luxury branded plumbing products from Riobel, Perrin & Rowe, Victoria + Albert and Shaws. In addition to offering faucets, showers, tubs, sinks and accessories, the Moen brand is expanding its home whole water management and digital offerings with the Moen Smart Water Network. We sell different types of products and services to both investment professionals and individual investors.
But the analyst who called the Lehman Collapse says to expect a “Cash Frenzy” instead. On January 1, 2020, she became non-executive chair of the Board of Directors, succeeding Christopher J. Klein, who had held the executive board chair position from January 1, 2020, to December 31, 2020. Prior to Klein, David M. Thomas served as chair of the board from 2011 to December 31, 2019. As of the end of 2021, Fortune Brands increased its annual sales every year since its first full year as an independently traded company. In August 2022, Fortune Brands acquired Aqualisa Holdings, a shower products manufacturer, for $160 million.
While these stocks are ranked ATTRACTIVE, we believe the best buys for long positions are TOP BUYS which are A-rated stocks. A-RATED STOCKS are those stocks the Big Data multi-factor models score as most probable to rise in price. Fortune Brands' Cabinets segment is headquartered in Jasper, Indiana. MasterBrand Cabinets manufacturers and sells stock and semi-custom and custom cabinetry, as well as vanities for the kitchen, bath and other parts of the home. Brands within the MasterBrand Cabinets portfolio include Omega, Decora, Diamond, Aristokraft, Urbana and Mantra.
We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. Fortune Brands Home & Security is spinning off MasterBrand in a transaction expected to be completed December 15. Post spin-off, Fortune Brands Home & Security will have a name and symbol change to Fortune Brands Innovations Inc. and will be more representative of the midcap market space. Lee Wyatt, who had held the chief financial officer role at Fortune Brands from 2011 through June 30, 2017.
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