BB&T Securities LLC Grows Stock Holdings in Fortune Brands Home & Security Inc (NYSE:FBHS)


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BB&T Securities LLC increased its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 15.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,725 shares of the industrial products company’s stock after purchasing an additional 2,127 shares during the quarter. BB&T Securities LLC’s holdings in Fortune Brands Home & Security were worth $898,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FBHS. Westside Investment Management Inc. bought a new stake in shares of Fortune Brands Home & Security during the second quarter worth about $27,000. Berman Capital Advisors LLC grew its position in Fortune Brands Home & Security by 454.7% in the 1st quarter. Berman Capital Advisors LLC now owns 588 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 482 shares in the last quarter. Bremer Bank National Association bought a new stake in Fortune Brands Home & Security in the 1st quarter worth about $32,000. Cornerstone Advisors Inc. grew its position in Fortune Brands Home & Security by 47.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 204 shares in the last quarter. Finally, Crewe Advisors LLC bought a new stake in Fortune Brands Home & Security in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 87.88% of the company’s stock.

Shares of Fortune Brands Home & Security stock opened at $53.06 on Friday. The firm has a market cap of $7.48 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.63 and a beta of 1.52. Fortune Brands Home & Security Inc has a 12-month low of $35.27 and a 12-month high of $58.15. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 0.77. The company’s fifty day simple moving average is $51.61 and its two-hundred day simple moving average is $51.63.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.03. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 21.81%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm earned $1.00 EPS. The company’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Fortune Brands Home & Security Inc will post 3.6 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Friday, August 30th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.66%. Fortune Brands Home & Security’s dividend payout ratio is 26.35%.

A number of equities research analysts have issued reports on the stock. TheStreet raised shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research report on Friday, June 28th. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 target price for the company. in a research report on Monday, August 5th. Loop Capital downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 target price for the company. in a research report on Tuesday, July 2nd. Finally, ValuEngine downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Fortune Brands Home & Security presently has a consensus rating of “Hold” and an average target price of $53.00.

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

Fortune Brands Home & Security 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.

Read More: Understanding the Price to Earnings Ratio (PE)

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

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