Invesco Ltd. lowered its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 11.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,050,055 shares of the industrial products company’s stock after selling 130,062 shares during the period. Invesco Ltd. owned about 0.75% of Fortune Brands Home & Security worth $59,989,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of FBHS. Westside Investment Management Inc. acquired a new stake in shares of Fortune Brands Home & Security in the 2nd quarter valued at $27,000. Cornerstone Advisors Inc. lifted its stake in shares of Fortune Brands Home & Security by 47.0% in 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 during the last quarter. Bremer Bank National Association acquired a new stake in shares of Fortune Brands Home & Security in the 1st quarter valued at $32,000. Kavar Capital Partners LLC acquired a new stake in shares of Fortune Brands Home & Security in the 2nd quarter valued at $39,000. Finally, Pearl River Capital LLC acquired a new stake in shares of Fortune Brands Home & Security in the 2nd quarter valued at $43,000. 87.88% of the stock is owned by institutional investors.
In related news, Director A D. David Mackay sold 10,000 shares of Fortune Brands Home & Security stock in a transaction 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 transaction, the director now owns 11,532 shares in the company, valued at approximately $581,212.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.63% of the company’s stock.
Shares of FBHS opened at $54.48 on Friday. The company has a market capitalization of $7.55 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.64 and a beta of 1.52. Fortune Brands Home & Security Inc has a one year low of $35.27 and a one year high of $58.15. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.13 and a quick ratio of 0.69. The company’s fifty day moving average price is $51.83 and its 200 day moving average price is $51.89.
Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Thursday, August 1st. The industrial products company reported $1.03 EPS for the quarter, hitting the consensus estimate of $1.03. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.53 billion. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 21.81%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. Analysts anticipate that Fortune Brands Home & Security Inc will post 3.6 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 29th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.88 annualized dividend and a yield of 1.62%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.35%.
FBHS has been the subject of several analyst reports. Loop Capital lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price objective for the company. in a research note on Tuesday, July 2nd. ValuEngine lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. TheStreet raised shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research note on Friday, June 28th. Finally, Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price objective for the company. in a research note on Monday, August 5th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $53.00.
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.
Further Reading: Inverted Yield Curve
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