TrimTabs Asset Management LLC acquired a new stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,663 shares of the industrial products company’s stock, valued at approximately $239,000.
Other hedge funds also recently made changes to their positions in the company. 10 15 Associates Inc. acquired a new position in Fortune Brands Home & Security during the first quarter valued at about $1,475,000. Geode Capital Management LLC boosted its position in Fortune Brands Home & Security by 8.9% in the first quarter. Geode Capital Management LLC now owns 1,503,520 shares of the industrial products company’s stock valued at $91,360,000 after buying an additional 122,830 shares during the period. Swiss National Bank boosted its position in Fortune Brands Home & Security by 28.0% in the first quarter. Swiss National Bank now owns 546,800 shares of the industrial products company’s stock valued at $33,273,000 after buying an additional 119,600 shares during the period. Norinchukin Bank The boosted its position in Fortune Brands Home & Security by 10.7% in the first quarter. Norinchukin Bank The now owns 40,397 shares of the industrial products company’s stock valued at $2,458,000 after buying an additional 3,898 shares during the period. Finally, Sandy Spring Bank boosted its position in Fortune Brands Home & Security by 1.6% in the first quarter. Sandy Spring Bank now owns 25,835 shares of the industrial products company’s stock valued at $1,572,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 85.73% of the company’s stock.
Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) opened at 63.25 on Wednesday. The stock has a 50 day moving average price of $65.31 and a 200-day moving average price of $62.49. Fortune Brands Home & Security, Inc. has a 1-year low of $52.05 and a 1-year high of $67.50. The stock has a market capitalization of $9.74 billion, a PE ratio of 22.52 and a beta of 1.39.
Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.05. The company 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 business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 earnings per share. On average, analysts forecast that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, August 23rd. Fortune Brands Home & Security’s payout ratio is 25.35%.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Thursday, July 20th. Jefferies Group LLC reissued a “buy” rating and set a $76.00 target price on shares of Fortune Brands Home & Security in a research note on Friday, July 14th. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a research note on Tuesday, July 18th. Wells Fargo & Company cut 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. Finally, BidaskClub cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Fortune Brands Home & Security presently has a consensus rating of “Hold” and a consensus target price of $67.73.
In related news, CFO E Lee Wyatt sold 40,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $63.48, for a total transaction of $2,539,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christopher J. Klein sold 40,063 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $63.13, for a total value of $2,529,177.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 193,265 shares of company stock worth $12,386,418. Corporate insiders own 1.61% of the company’s stock.
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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