AGF Investments Inc. Grows Stake in Fortune Brands Home & Security Inc (FBHS)

AGF Investments Inc. lifted its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 505,212 shares of the industrial products company’s stock after purchasing an additional 5,037 shares during the period. AGF Investments Inc. owned about 0.33% of Fortune Brands Home & Security worth $34,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Sentry Investment Management LLC grew its stake in Fortune Brands Home & Security by 1.2% during the 2nd quarter. Sentry Investment Management LLC now owns 10,287 shares of the industrial products company’s stock valued at $671,000 after acquiring an additional 122 shares in the last quarter. Scotia Capital Inc. grew its stake in Fortune Brands Home & Security by 5.3% during the 2nd quarter. Scotia Capital Inc. now owns 4,746 shares of the industrial products company’s stock valued at $310,000 after acquiring an additional 237 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in Fortune Brands Home & Security by 1.4% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 26,818 shares of the industrial products company’s stock valued at $1,748,000 after acquiring an additional 381 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Fortune Brands Home & Security by 5.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,681 shares of the industrial products company’s stock valued at $762,000 after acquiring an additional 632 shares in the last quarter. Finally, LS Investment Advisors LLC grew its stake in Fortune Brands Home & Security by 11.1% during the 4th quarter. LS Investment Advisors LLC now owns 8,074 shares of the industrial products company’s stock valued at $553,000 after acquiring an additional 808 shares in the last quarter. 87.04% of the stock is owned by institutional investors and hedge funds.

Fortune Brands Home & Security Inc (NYSE FBHS) opened at $63.15 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 0.58. The firm has a market cap of $9,367.63, a PE ratio of 20.64, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33. Fortune Brands Home & Security Inc has a fifty-two week low of $56.19 and a fifty-two week high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.95% and a return on equity of 18.73%. Fortune Brands Home & Security’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. equities research analysts predict that Fortune Brands Home & Security Inc will post 3.63 earnings per share for the current fiscal year.

Fortune Brands Home & Security declared that its Board of Directors has approved a stock repurchase program on Monday, December 11th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Friday, February 23rd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.27%. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, February 22nd. Fortune Brands Home & Security’s payout ratio is presently 23.53%.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $71.50, for a total value of $357,500.00. Following the transaction, the director now directly owns 21,674 shares in the company, valued at approximately $1,549,691. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.61% of the company’s stock.

FBHS has been the subject of several research reports. Royal Bank of Canada dropped their price objective on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. SunTrust Banks reaffirmed a “hold” rating and set a $63.00 price objective on shares of Fortune Brands Home & Security in a research note on Friday, November 10th. Robert W. Baird reaffirmed a “buy” rating and set a $72.00 price objective on shares of Fortune Brands Home & Security in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Thursday, January 11th. Finally, Citigroup upped their price objective on shares of Fortune Brands Home & Security from $68.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $73.31.

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About Fortune Brands Home & Security

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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Institutional Ownership by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

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