Ancora Advisors LLC Has $1.83 Million Stock Holdings in Fortune Brands Home & Security Inc (NYSE:FBHS)


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Ancora Advisors LLC boosted its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 35.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,959 shares of the industrial products company’s stock after purchasing an additional 8,431 shares during the quarter. Ancora Advisors LLC’s holdings in Fortune Brands Home & Security were worth $1,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in FBHS. JPMorgan Chase & Co. grew its position in shares of Fortune Brands Home & Security by 9.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock worth $476,103,000 after buying an additional 706,944 shares during the period. FMR LLC lifted its stake in Fortune Brands Home & Security by 3.8% in the 1st quarter. FMR LLC now owns 3,117,381 shares of the industrial products company’s stock valued at $148,419,000 after acquiring an additional 114,490 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in Fortune Brands Home & Security by 1.1% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,570,569 shares of the industrial products company’s stock valued at $122,385,000 after acquiring an additional 28,919 shares in the last quarter. Geode Capital Management LLC lifted its stake in Fortune Brands Home & Security by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock valued at $72,834,000 after acquiring an additional 131,460 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Fortune Brands Home & Security by 8.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,786,195 shares of the industrial products company’s stock worth $102,046,000 after purchasing an additional 142,514 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

FBHS has been the topic of a number of analyst reports. Zacks Investment Research cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price objective on the stock. in a research note on Monday, August 5th. Loop Capital cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price target on the stock. in a research note on Tuesday, July 2nd. TheStreet upgraded Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research note on Friday, June 28th. Finally, ValuEngine cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $53.00.

In related news, Director Ronald V. Waters sold 5,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $56.74, for a total transaction of $283,700.00. Following the transaction, the director now owns 11,589 shares of the company’s stock, valued at $657,559.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director A D. David Mackay sold 10,000 shares of Fortune Brands Home & Security stock in a transaction on Monday, August 5th. The stock was sold at an average price of $50.40, for a total value of $504,000.00. Following the sale, the director now owns 11,532 shares in the company, valued at $581,212.80. The disclosure for this sale can be found here. Company insiders own 1.63% of the company’s stock.

NYSE:FBHS traded up $0.20 during trading hours on Friday, hitting $54.45. The company’s stock had a trading volume of 646,619 shares, compared to its average volume of 792,330. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.13 and a quick ratio of 0.69. The company has a market capitalization of $7.66 billion, a P/E ratio of 16.30, a PEG ratio of 1.67 and a beta of 1.52. Fortune Brands Home & Security Inc has a twelve month low of $35.27 and a twelve month high of $58.15. The stock has a fifty day simple moving average of $51.85 and a 200-day simple moving average of $51.46.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.03. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the company earned $1.00 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Fortune Brands Home & Security Inc will post 3.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, August 30th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.88 annualized dividend and a yield of 1.62%. Fortune Brands Home & Security’s dividend payout ratio is currently 26.35%.

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 three segments: Cabinets, Plumbing, and Doors & 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.

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

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