OLD Mutual Customised Solutions Proprietary Ltd. Has $298000 Position in Fortune Brands Home …

OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 32.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,900 shares of the industrial products company’s stock after buying an additional 1,200 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Fortune Brands Home & Security were worth $298,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC increased its stake in Fortune Brands Home & Security by 102.5% in the first quarter. HighTower Advisors LLC now owns 17,139 shares of the industrial products company’s stock worth $1,044,000 after buying an additional 8,675 shares during the last quarter. Saturna Capital CORP purchased a new stake in Fortune Brands Home & Security during the first quarter worth $222,000. Barings LLC purchased a new stake in Fortune Brands Home & Security during the first quarter worth $4,059,000. BlueCrest Capital Management Ltd purchased a new stake in Fortune Brands Home & Security during the first quarter worth $27,870,000. Finally, Scopus Asset Management L.P. bought a new stake in shares of Fortune Brands Home & Security during the first quarter worth approximately $12,170,000. Hedge funds and other institutional investors own 85.56% of the company’s stock.

Fortune Brands Home & Security, Inc. (FBHS) opened at 67.10 on Monday. The stock has a 50 day moving average price of $63.82 and a 200 day moving average price of $59.80. Fortune Brands Home & Security, Inc. has a 52-week low of $52.05 and a 52-week high of $67.50. The firm has a market cap of $10.32 billion, a P/E ratio of 24.49 and a beta of 1.39.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.53 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.18 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current fiscal year.

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A number of equities research analysts recently commented on FBHS shares. Zacks Investment Research lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Monday, April 24th. Credit Suisse Group initiated coverage on Fortune Brands Home & Security in a report on Thursday, June 22nd. They issued an “outperform” rating and a $72.00 price target on the stock. Jefferies Group LLC restated a “buy” rating on shares of Fortune Brands Home & Security in a report on Thursday, April 13th. BidaskClub upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Nomura began coverage on Fortune Brands Home & Security in a report on Wednesday, April 12th. They issued a “neutral” rating and a $65.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $67.50.

In related news, insider David Randich sold 72,646 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $63.53, for a total transaction of $4,615,200.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Norman H. Wesley sold 18,202 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $62.63, for a total transaction of $1,139,991.26. Following the transaction, the director now owns 2,132 shares of the company’s stock, valued at approximately $133,527.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 229,611 shares of company stock valued at $14,626,719. 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.

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




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