Greenwood Gearhart Inc. increased its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,709 shares of the industrial products company’s stock after acquiring an additional 8,428 shares during the quarter. Fortune Brands Home & Security comprises about 2.4% of Greenwood Gearhart Inc.’s investment portfolio, making the stock its 12th biggest position. Greenwood Gearhart Inc. owned about 0.07% of Fortune Brands Home & Security worth $7,440,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Epoch Investment Partners Inc. acquired a new stake in Fortune Brands Home & Security in the 3rd quarter worth $84,149,000. Carillon Tower Advisers Inc. acquired a new stake in Fortune Brands Home & Security in the 4th quarter worth $25,593,000. Putnam FL Investment Management Co. acquired a new stake in Fortune Brands Home & Security in the 3rd quarter worth $16,999,000. Schroder Investment Management Group grew its position in Fortune Brands Home & Security by 17.0% in the 4th quarter. Schroder Investment Management Group now owns 1,394,973 shares of the industrial products company’s stock worth $95,472,000 after purchasing an additional 202,942 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Fortune Brands Home & Security by 27.5% in the 3rd quarter. Victory Capital Management Inc. now owns 940,134 shares of the industrial products company’s stock worth $63,205,000 after purchasing an additional 202,754 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.
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 $1,549,691. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.61% of the stock is owned by insiders.
FBHS has been the topic of several recent research reports. Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Loop Capital initiated coverage on shares of Fortune Brands Home & Security in a research report on Thursday, March 1st. They set a “buy” rating and a $77.00 target price on the stock. Nomura decreased their target price on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Credit Suisse Group reiterated an “outperform” rating and set a $80.00 target price (up from $74.00) on shares of Fortune Brands Home & Security in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Barclays decreased their target price on shares of Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $73.57.
Fortune Brands Home & Security Inc (NYSE FBHS) opened at $62.76 on Tuesday. The company has a market cap of $9,550.00, a PE ratio of 21.79, a price-to-earnings-growth ratio of 1.45 and a beta of 1.42. Fortune Brands Home & Security Inc has a 12-month low of $59.11 and a 12-month high of $73.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.77 and a quick ratio of 1.13.
Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.80 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.80. The firm 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%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. equities research analysts predict that Fortune Brands Home & Security Inc will post 3.63 EPS for the current year.
Fortune Brands Home & Security declared that its Board of Directors has authorized a share buyback program on Monday, December 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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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