Meeder Asset Management Inc. Has $698,000 Holdings in Fortune Brands Home & Security Inc (FBHS)

Share on StockTwits

Meeder Asset Management Inc. raised its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 10.2% in the third quarter, Holdings Channel reports. The firm owned 13,342 shares of the industrial products company’s stock after buying an additional 1,239 shares during the period. Meeder Asset Management Inc.’s holdings in Fortune Brands Home & Security were worth $698,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its stake in shares of Fortune Brands Home & Security by 17.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,322 shares of the industrial products company’s stock worth $339,000 after buying an additional 923 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Fortune Brands Home & Security by 10.8% in the 2nd quarter. D.A. Davidson & CO. now owns 10,518 shares of the industrial products company’s stock worth $565,000 after buying an additional 1,024 shares during the last quarter. Creative Planning boosted its stake in shares of Fortune Brands Home & Security by 16.8% in the 2nd quarter. Creative Planning now owns 7,817 shares of the industrial products company’s stock worth $420,000 after buying an additional 1,123 shares during the last quarter. Peloton Wealth Strategists boosted its stake in shares of Fortune Brands Home & Security by 6.3% in the 2nd quarter. Peloton Wealth Strategists now owns 21,825 shares of the industrial products company’s stock worth $1,172,000 after buying an additional 1,300 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Fortune Brands Home & Security by 11.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,419 shares of the industrial products company’s stock worth $667,000 after buying an additional 1,321 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

In related news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $51.31, for a total value of $256,550.00. Following the transaction, the director now owns 14,142 shares in the company, valued at $725,626.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.71% of the stock is currently owned by corporate insiders.

Fortune Brands Home & Security stock opened at $43.49 on Friday. Fortune Brands Home & Security Inc has a 12 month low of $40.89 and a 12 month high of $73.62. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $6.48 billion, a P/E ratio of 13.83, a PEG ratio of 1.24 and a beta of 1.31.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.12). Fortune Brands Home & Security had a net margin of 7.94% and a return on equity of 20.95%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.44 billion. On average, analysts predict that Fortune Brands Home & Security Inc will post 3.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Friday, November 30th will be paid a $0.20 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.80 annualized dividend and a yield of 1.84%. Fortune Brands Home & Security’s payout ratio is 25.97%.

A number of brokerages have recently weighed in on FBHS. Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Monday, August 6th. ValuEngine upgraded Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 28th. Bank of America downgraded Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $64.00 to $61.00 in a research note on Friday, August 10th. They noted that the move was a valuation call. Macquarie cut their target price on Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, September 6th. Finally, Goldman Sachs Group began coverage on Fortune Brands Home & Security in a research note on Tuesday, October 2nd. They issued a “neutral” rating and a $64.00 target price on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $61.58.

COPYRIGHT VIOLATION NOTICE: “Meeder Asset Management Inc. Has $698,000 Holdings in Fortune Brands Home & Security Inc (FBHS)” was first posted by Week Herald and is owned by of Week Herald. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://weekherald.com/2018/11/10/meeder-asset-management-inc-has-698000-holdings-in-fortune-brands-home-security-inc-fbhs.html.

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.

See Also: Inflation

Want to see what other hedge funds are holding FBHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortune Brands Home & Security Inc (NYSE:FBHS).

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