Symmetry Partners LLC lowered its position in shares of Fortune Brands Home & Security, Inc. (NYSE: FBHS – Get Rating) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,215 shares of the industrial products company stock after selling 426 shares during the quarter. Symmetry Partners LLC’s holdings in Fortune Brands Home & Security were worth $ 684,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in FBHS. Clearstead Advisors LLC acquired a new position in shares of Fortune Brands Home & Security during the 4th quarter worth $ 27,000. CVA Family Office LLC grew its stake in shares of Fortune Brands Home & Security by 62.4% during the 4th quarter. CVA Family Office LLC now owns 315 shares of the industrial products company stock worth $ 34,000 after purchasing an additional 121 shares during the period. NEXT Financial Group Inc grew its stake in shares of Fortune Brands Home & Security by 54.4% during the 4th quarter. NEXT Financial Group Inc now owns 440 shares of the industrial products company stock worth $ 47,000 after purchasing an additional 155 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Fortune Brands Home & Security during the 4th quarter worth $ 50,000. Finally, Marshall Wace North America LP acquired a new position in shares of Fortune Brands Home & Security during the 1st quarter worth $ 54,000. Institutional investors own 88.19% of the company stock.
Shares of FBHS stock opened at $ 58.26 on Friday. The firm has a market cap of $ 7.62 billion, a P / E ratio of 10.37, a PEG ratio of 1.19 and a beta of 1.54. Fortune Brands Home & Security, Inc. has a 1-year low of $ 57.42 and a 1-year high of $ 109.23. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.18 and a quick ratio of 1.20. The firm’s 50-day simple moving average is $ 69.26 and its 200-day simple moving average is $ 84.26.
Fortune Brands Home & Security (NYSE: FBHS – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The industrial products company reported $ 1.31 earnings per share for the quarter, topping the estimate consensus of $ 1.24 by $ 0.07. The business had revenue of $ 1.92 billion for the quarter, compared to analyst estimates of $ 1.88 billion. Fortune Brands Home & Security had a net margin of 9.94% and a return on equity of 26.00%. The company revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $ 1.36 EPS. Analysts expect that Fortune Brands Home & Security, Inc. will post 6.38 earnings per share for the current fiscal year.
Fortune Brands Home & Security declared that its board has approved a stock buyback plan on Wednesday, March 2nd that allows the company to repurchase $ 750.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Friday, May 27th were issued a dividend of $ 0.28 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $ 1.12 annualized dividend and a dividend yield of 1.92%. Fortune Brands Home & Security’s payout ratio is currently 19.93%.
A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Fortune Brands Home & Security from $ 100.00 to $ 78.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 21st. JPMorgan Chase & Co. lowered their price objective on shares of Fortune Brands Home & Security from $ 94.00 to $ 81.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 20th. The Goldman Sachs Group lowered their price objective on shares of Fortune Brands Home & Security from $ 132.00 to $ 100.00 and set a “buy” rating on the stock in a research note on Tuesday, April 12th. Bank of America raised shares of Fortune Brands Home & Security from an “underperform” rating to a “neutral” rating and increased their objective price for the company from $ 74.00 to $ 84.00 in a research note on Friday, April 29th. Finally, Loop Capital cut shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating and lowered their objective price for the company from $ 120.00 to $ 91.00 in a research note on Wednesday, March 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $ 97.25.
Fortune Brands Home & Security Company Profile: (Get Rating)
Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria + Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers’ representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.
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