Fortune Brands Home & Security (FBHS) Position Increased by Comerica Bank

Comerica Bank boosted its position in shares of Fortune Brands Home & Security (NYSE:FBHS) by 49.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 70,971 shares of the industrial products company’s stock after purchasing an additional 23,375 shares during the quarter. Comerica Bank’s holdings in Fortune Brands Home & Security were worth $4,081,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FBHS. Captrust Financial Advisors purchased a new stake in shares of Fortune Brands Home & Security during the 4th quarter valued at about $122,000. Cerebellum GP LLC purchased a new stake in shares of Fortune Brands Home & Security during the 4th quarter valued at about $127,000. Pinebridge Investments L.P. boosted its holdings in shares of Fortune Brands Home & Security by 325.8% during the 4th quarter. Pinebridge Investments L.P. now owns 1,946 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 1,489 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Fortune Brands Home & Security by 1,169.9% during the 4th quarter. Bessemer Group Inc. now owns 1,943 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 1,790 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Fortune Brands Home & Security by 18,835.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,651 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 2,637 shares during the last quarter. 91.38% of the stock is currently owned by institutional investors.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $57.43, for a total transaction of $287,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.71% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on the stock. Bank of America downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a report on Monday. Loop Capital set a $67.00 price objective on shares of Fortune Brands Home & Security and gave the stock a “buy” rating in a research note on Friday, April 27th. Citigroup lowered their price objective on shares of Fortune Brands Home & Security from $74.00 to $64.00 and set a “neutral” rating on the stock in a research note on Monday, April 30th. ValuEngine cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Credit Suisse Group lowered their price objective on shares of Fortune Brands Home & Security from $80.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, April 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Fortune Brands Home & Security has an average rating of “Hold” and a consensus target price of $69.20.

Shares of Fortune Brands Home & Security opened at $56.99 on Friday, MarketBeat reports. Fortune Brands Home & Security has a twelve month low of $55.77 and a twelve month high of $56.37. The company has a current ratio of 1.44, a quick ratio of 0.90 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $8.17 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Thursday, April 26th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Fortune Brands Home & Security had a return on equity of 19.01% and a net margin of 8.79%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the business posted $0.53 EPS. Fortune Brands Home & Security’s revenue was up 5.7% on a year-over-year basis. analysts expect that Fortune Brands Home & Security will post 3.63 EPS for the current fiscal year.

Fortune Brands Home & Security announced that its board has approved a share repurchase program on Monday, April 30th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 13th. Shareholders of record on Friday, May 25th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, May 24th. Fortune Brands Home & Security’s payout ratio is 25.97%.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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

Receive News & Ratings for Fortune Brands Home & Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply