Blair William & Co. IL Lowers Position in Fortune Brands Home & Security Inc (FBHS)

Blair William & Co. IL decreased its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 12.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,478 shares of the industrial products company’s stock after selling 6,381 shares during the period. Blair William & Co. IL’s holdings in Fortune Brands Home & Security were worth $2,814,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Welch Group LLC bought a new position in shares of Fortune Brands Home & Security during the first quarter worth about $112,000. Northwest Quadrant Wealth Management LLC bought a new position in shares of Fortune Brands Home & Security during the fourth quarter worth about $114,000. State of Alaska Department of Revenue bought a new position in shares of Fortune Brands Home & Security during the first quarter worth about $126,000. Elgethun Capital Management bought a new position in shares of Fortune Brands Home & Security during the fourth quarter worth about $132,000. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of 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 worth $168,000 after buying an additional 1,850 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

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

Fortune Brands Home & Security Inc (FBHS) traded up 0.29% on Wednesday, hitting $63.07. The stock had a trading volume of 441,982 shares. The firm has a market cap of $9.70 billion, a PE ratio of 23.02 and a beta of 1.27. The company has a 50-day moving average price of $63.06 and a 200 day moving average price of $58.55. Fortune Brands Home & Security Inc has a 52-week low of $52.05 and a 52-week high of $66.01.

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

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

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A number of brokerages have issued reports on FBHS. Royal Bank of Canada lifted their price objective on Fortune Brands Home & Security from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Jefferies Group LLC reiterated a “buy” rating and set a $67.00 price objective (down previously from $70.00) on shares of Fortune Brands Home & Security in a research note on Wednesday, February 1st. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Longbow Research upgraded 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. Finally, Nomura began coverage on Fortune Brands Home & Security in a research note on Wednesday, April 12th. They set a “neutral” rating and a $65.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $65.85.

In related news, insider David Randich sold 72,646 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $63.53, for a total value of $4,615,200.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Danny Luburic sold 3,700 shares of the firm’s 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. Company insiders own 2.30% of the company’s stock.

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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