Gotham Asset Management LLC raised its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 22.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 447,404 shares of the industrial products company’s stock after buying an additional 80,978 shares during the period. Gotham Asset Management LLC owned approximately 0.29% of Fortune Brands Home & Security worth $27,225,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Seven Eight Capital LP purchased a new position in shares of Fortune Brands Home & Security during the fourth quarter valued at approximately $474,000. Sciencast Management LP acquired a new stake in shares of Fortune Brands Home & Security during the fourth quarter worth $703,000. Janus Capital Management LLC raised its stake in shares of Fortune Brands Home & Security by 15.2% in the fourth quarter. Janus Capital Management LLC now owns 1,632,321 shares of the industrial products company’s stock worth $87,264,000 after buying an additional 215,865 shares during the last quarter. Flinton Capital Management LLC purchased a new stake in shares of Fortune Brands Home & Security during the fourth quarter worth approximately $687,000. Finally, Renaissance Technologies LLC raised its position in Fortune Brands Home & Security by 25.0% in the fourth quarter. Renaissance Technologies LLC now owns 415,900 shares of the industrial products company’s stock valued at $22,234,000 after buying an additional 83,100 shares during the last quarter. 85.88% of the stock is owned by institutional investors.
Fortune Brands Home & Security, Inc. (FBHS) traded up 0.49% during mid-day trading on Friday, hitting $65.24. The company had a trading volume of 667,894 shares. The firm has a market capitalization of $10.04 billion, a PE ratio of 23.81 and a beta of 1.35. Fortune Brands Home & Security, Inc. has a 1-year low of $52.05 and a 1-year high of $66.35. The company has a 50 day moving average of $63.82 and a 200 day moving average of $59.80.
Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, April 26th. The industrial products company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Fortune Brands Home & Security had a net margin of 8.48% and a return on equity of 19.01%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts predict that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Friday, May 26th were paid a $0.18 dividend. The ex-dividend date was Wednesday, May 24th. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.28%.
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Several equities analysts have recently issued reports on the company. Instinet restated a “hold” rating on shares of Fortune Brands Home & Security in a research report on Friday, April 14th. Longbow Research upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Thursday, April 6th. Jefferies Group LLC lifted their price objective on Fortune Brands Home & Security from $67.00 to $72.00 and gave the company a “buy” rating in a report on Monday, April 24th. 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 report on Thursday, April 27th. Finally, Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $67.50.
In other news, CEO Christopher J. Klein sold 40,063 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $63.13, for a total value of $2,529,177.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Randich sold 72,646 shares of Fortune Brands Home & Security stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $63.53, for a total transaction of $4,615,200.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,611 shares of company stock worth $11,056,669. Company insiders own 1.61% 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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