Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Acquired by BB&T Securities LLC


X Scalper

BB&T Securities LLC boosted its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 15.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,725 shares of the industrial products company’s stock after buying an additional 2,127 shares during the quarter. BB&T Securities LLC’s holdings in Fortune Brands Home & Security were worth $898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Gateway Investment Advisers LLC grew its position in shares of Fortune Brands Home & Security by 2.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 7,494 shares of the industrial products company’s stock worth $428,000 after buying an additional 194 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Fortune Brands Home & Security by 0.8% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 24,722 shares of the industrial products company’s stock worth $1,177,000 after buying an additional 196 shares during the last quarter. Boston Private Wealth LLC grew its position in shares of Fortune Brands Home & Security by 1.6% in the 2nd quarter. Boston Private Wealth LLC now owns 12,241 shares of the industrial products company’s stock worth $699,000 after buying an additional 196 shares during the last quarter. Cornerstone Advisors Inc. grew its position in shares of 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 buying an additional 204 shares during the last quarter. Finally, ETF Managers Group LLC grew its position in Fortune Brands Home & Security by 10.9% during the 1st quarter. ETF Managers Group LLC now owns 2,451 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 240 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director A D. David Mackay sold 10,000 shares of the 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 sale, the director now owns 11,532 shares of the company’s stock, valued at $581,212.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $56.74, for a total transaction of $283,700.00. Following the completion of the sale, the director now directly owns 11,589 shares in the company, valued at approximately $657,559.86. The disclosure for this sale can be found here. Corporate insiders own 1.63% of the company’s stock.

NYSE:FBHS traded down $0.40 during trading hours on Thursday, reaching $54.34. 24,316 shares of the company were exchanged, compared to its average volume of 1,416,147. Fortune Brands Home & Security Inc has a twelve month low of $35.27 and a twelve month high of $58.15. The firm has a market cap of $7.30 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.59 and a beta of 1.52. The stock’s 50-day moving average is $51.87 and its 200-day moving average is $51.43. The company has a current ratio of 1.13, a quick ratio of 0.69 and a debt-to-equity ratio of 0.77.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results 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 net margin of 7.22% and a return on equity of 21.81%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Fortune Brands Home & Security Inc will post 3.6 EPS for the current year.

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

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

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.

Recommended Story: LIBOR

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.




Be the first to comment

Leave a Reply

Your email address will not be published.


*