Arizona State Retirement System Sells 200 Shares of Fortune Brands Home & Security Inc (FBHS)

Arizona State Retirement System reduced its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,900 shares of the industrial products company’s stock after selling 200 shares during the period. Arizona State Retirement System’s holdings in Fortune Brands Home & Security were worth $2,306,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Welch Group LLC acquired a new stake in Fortune Brands Home & Security during the first quarter valued at approximately $112,000. Northwest Quadrant Wealth Management LLC acquired a new stake in Fortune Brands Home & Security during the fourth quarter valued at approximately $114,000. State of Alaska Department of Revenue acquired a new stake in Fortune Brands Home & Security during the first quarter valued at approximately $126,000. Elgethun Capital Management acquired a new stake in Fortune Brands Home & Security during the fourth quarter valued at approximately $132,000. Finally, NN Investment Partners Holdings N.V. increased its stake in Fortune Brands Home & Security by 205.6% in the first quarter. NN Investment Partners Holdings N.V. now owns 2,750 shares of the industrial products company’s stock valued at $168,000 after buying an additional 1,850 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

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

Fortune Brands Home & Security Inc (FBHS) traded up 0.29% during trading on Wednesday, reaching $63.07. 441,982 shares of the company traded hands. The company has a market cap of $9.70 billion, a PE ratio of 23.02 and a beta of 1.27. The company’s 50-day moving average is $63.06 and its 200 day moving average is $58.55. Fortune Brands Home & Security Inc has a 12 month low of $52.05 and a 12 month high of $66.01.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. Fortune Brands Home & Security had a net margin of 8.18% and a return on equity of 18.68%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Fortune Brands Home & Security Inc will post $3.10 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Friday, May 26th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, May 24th. Fortune Brands Home & Security’s dividend payout ratio is currently 24.71%.

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Several research firms have commented on FBHS. Jefferies Group LLC boosted their target price on shares of Fortune Brands Home & Security from $67.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Royal Bank of Canada restated a “buy” rating on shares of Fortune Brands Home & Security in a research note on Thursday, April 27th. Barclays PLC restated a “hold” rating and issued a $62.00 price objective on shares of Fortune Brands Home & Security in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Friday, February 3rd. Finally, Longbow Research upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Thursday, April 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $65.85.

In other news, insider David Randich sold 72,646 shares of Fortune Brands Home & Security stock in a transaction on Monday, May 1st. The stock was sold at an average price of $63.53, for a total transaction of $4,615,200.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Danny Luburic sold 3,700 shares of Fortune Brands Home & Security stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $63.00, for a total value of $233,100.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Fortune Brands Home & Security Company Profile

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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