Ancora Advisors LLC raised its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 35.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,959 shares of the industrial products company’s stock after buying an additional 8,431 shares during the period. Ancora Advisors LLC’s holdings in Fortune Brands Home & Security were worth $1,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the business. Westside Investment Management Inc. acquired a new position in Fortune Brands Home & Security during the 2nd quarter valued at approximately $27,000. Berman Capital Advisors LLC increased its stake in Fortune Brands Home & Security by 454.7% during the 1st quarter. Berman Capital Advisors LLC now owns 588 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 482 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in Fortune Brands Home & Security by 47.0% during the 1st quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 204 shares in the last quarter. Crewe Advisors LLC acquired a new position in Fortune Brands Home & Security during the 1st quarter valued at approximately $31,000. Finally, Bremer Bank National Association acquired a new position in Fortune Brands Home & Security during the 1st quarter valued at approximately $32,000. 87.88% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on FBHS. Loop Capital lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price objective on the stock. in a research note on Tuesday, July 2nd. TheStreet upgraded shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research note on Friday, June 28th. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price target on the stock. in a report on Monday, August 5th. Finally, ValuEngine downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Fortune Brands Home & Security has an average rating of “Hold” and an average price target of $53.00.
Shares of NYSE FBHS traded up $0.18 during midday trading on Friday, hitting $54.48. The company’s stock had a trading volume of 695,700 shares, compared to its average volume of 876,770. The business’s fifty day simple moving average is $51.83 and its two-hundred day simple moving average is $51.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.13 and a quick ratio of 0.69. Fortune Brands Home & Security Inc has a 1 year low of $35.27 and a 1 year high of $58.15. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.52.
Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.03. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 21.81%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts anticipate that Fortune Brands Home & Security Inc will post 3.6 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 29th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.62%. Fortune Brands Home & Security’s dividend payout ratio is currently 26.35%.
In related news, Director A D. David Mackay sold 10,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $50.40, for a total value of $504,000.00. Following the completion of the transaction, the director now owns 11,532 shares in the company, valued at $581,212.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.63% of the stock is owned by insiders.
Fortune Brands Home & Security 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 three segments: Cabinets, Plumbing, and Doors & 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.
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