Amundi Pioneer Asset Management Inc. Has $49.78 Million Stake in Fortune Brands Home …

Amundi Pioneer Asset Management Inc. lifted its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 273.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 727,383 shares of the industrial products company’s stock after acquiring an additional 532,488 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.48% of Fortune Brands Home & Security worth $49,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Channing Capital Management LLC raised its holdings in Fortune Brands Home & Security by 2.1% in the 4th quarter. Channing Capital Management LLC now owns 203,651 shares of the industrial products company’s stock valued at $13,945,000 after buying an additional 4,210 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Fortune Brands Home & Security in the 4th quarter valued at about $212,000. Geode Capital Management LLC raised its holdings in Fortune Brands Home & Security by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 1,736,314 shares of the industrial products company’s stock valued at $118,591,000 after buying an additional 133,556 shares during the period. Brant Point Investment Management LLC raised its holdings in Fortune Brands Home & Security by 92.1% in the 4th quarter. Brant Point Investment Management LLC now owns 80,300 shares of the industrial products company’s stock valued at $5,496,000 after buying an additional 38,500 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Fortune Brands Home & Security by 405.0% in the 4th quarter. Allianz Asset Management GmbH now owns 90,786 shares of the industrial products company’s stock valued at $6,213,000 after buying an additional 72,810 shares during the period. Institutional investors and hedge funds own 88.18% of the company’s stock.

Shares of Fortune Brands Home & Security stock traded up $0.59 on Friday, reaching $58.89. 1,911,539 shares of the company were exchanged, compared to its average volume of 1,524,980. Fortune Brands Home & Security Inc has a 1-year low of $57.75 and a 1-year high of $73.62. The company has a market cap of $8,948.33, a PE ratio of 19.12, a P/E/G ratio of 1.34 and a beta of 1.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.13 and a current ratio of 1.77.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.80 EPS for the quarter, hitting the Zacks’ 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 business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. sell-side 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 initiated a share buyback plan on Monday, December 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Several brokerages recently issued reports on FBHS. Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Loop Capital started coverage on Fortune Brands Home & Security in a research report on Thursday, March 1st. They issued a “buy” rating and a $77.00 target price for the company. Gabelli raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Monday, February 12th. Barclays dropped their target price on Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Finally, Nomura dropped their target price on Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $73.57.

In related news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $71.50, for a total value 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 $1,549,691. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.71% 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.

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

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