Amalgamated Bank boosted its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,636 shares of the industrial products company’s stock after buying an additional 1,224 shares during the quarter. Amalgamated Bank’s holdings in Fortune Brands Home & Security were worth $2,234,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of FBHS. Carnegie Capital Asset Management LLC purchased a new stake in shares of Fortune Brands Home & Security during the 4th quarter worth approximately $4,115,000. Greenwood Gearhart Inc. raised its holdings in Fortune Brands Home & Security by 8.4% during the 4th quarter. Greenwood Gearhart Inc. now owns 108,709 shares of the industrial products company’s stock valued at $7,440,000 after buying an additional 8,428 shares during the period. Financial Counselors Inc. raised its holdings in Fortune Brands Home & Security by 4.3% during the 4th quarter. Financial Counselors Inc. now owns 33,212 shares of the industrial products company’s stock valued at $2,273,000 after buying an additional 1,382 shares during the period. Carillon Tower Advisers Inc. bought a new position in Fortune Brands Home & Security in the 4th quarter valued at $25,593,000. Finally, OppenheimerFunds Inc. grew its position in Fortune Brands Home & Security by 7.3% in the 4th quarter. OppenheimerFunds Inc. now owns 11,908 shares of the industrial products company’s stock valued at $815,000 after acquiring an additional 811 shares during the last quarter. 87.86% of the stock is owned by institutional investors and hedge funds.
Shares of Fortune Brands Home & Security Inc (NYSE FBHS) opened at $63.06 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 company has a market capitalization of $9,651.89, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.45 and a beta of 1.42. Fortune Brands Home & Security Inc has a 1 year low of $59.11 and a 1 year high of $73.62.
Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. Fortune Brands Home & Security had a return on equity of 18.73% and a net margin of 8.95%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. equities research analysts expect that Fortune Brands Home & Security Inc will post 3.63 EPS for the current fiscal year.
Fortune Brands Home & Security announced that its board has approved a stock buyback plan on Monday, December 11th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
A number of research firms have recently issued reports on FBHS. Zacks Investment Research downgraded Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Credit Suisse Group reiterated an “outperform” rating and issued a $80.00 price target (up from $74.00) on shares of Fortune Brands Home & Security in a research note on Monday, January 22nd. They noted that the move was a valuation call. Barclays decreased their price target on Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Nomura reduced their price objective on Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Finally, Loop Capital started coverage on Fortune Brands Home & Security in a research note on Thursday, March 1st. They issued a “buy” rating and a $77.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. Fortune Brands Home & Security presently has a consensus rating of “Hold” and an average price target of $73.57.
In other news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $71.50, for a total transaction of $357,500.00. Following the completion of the transaction, the director now directly owns 21,674 shares of the company’s stock, valued at approximately $1,549,691. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.61% of the company’s stock.
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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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