Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Sold by Allianz Asset Management GmbH


X Scalper

Allianz Asset Management GmbH reduced its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 94.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,572 shares of the industrial products company’s stock after selling 145,264 shares during the quarter. Allianz Asset Management GmbH’s holdings in Fortune Brands Home & Security were worth $490,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FBHS. Geode Capital Management LLC increased its holdings in shares of Fortune Brands Home & Security by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock valued at $72,834,000 after purchasing an additional 131,460 shares during the period. First Republic Investment Management Inc. acquired a new position in shares of Fortune Brands Home & Security in the first quarter valued at about $240,000. Cornerstone Advisors Inc. increased its holdings in shares of Fortune Brands Home & Security by 47.0% in the first quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 204 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Fortune Brands Home & Security by 2.8% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 12,814 shares of the industrial products company’s stock valued at $610,000 after purchasing an additional 347 shares during the period. Finally, Toronto Dominion Bank increased its holdings in shares of Fortune Brands Home & Security by 15.9% in the first quarter. Toronto Dominion Bank now owns 96,571 shares of the industrial products company’s stock valued at $4,597,000 after purchasing an additional 13,254 shares during the period. Hedge funds and other institutional investors own 87.88% of the company’s stock.

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

In other news, Director Ronald V. Waters sold 5,000 shares of the firm’s 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 sale, the director now directly owns 11,589 shares in the company, valued at $657,559.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A D. David Mackay sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were 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 of the company’s stock, valued at $581,212.80. The disclosure for this sale can be found here. 1.63% of the stock is currently owned by corporate insiders.

Shares of NYSE FBHS traded up $0.21 during trading on Friday, reaching $53.27. The stock had a trading volume of 3,375 shares, compared to its average volume of 837,707. The company has a market cap of $7.46 billion, a P/E ratio of 16.02, a PEG ratio of 1.61 and a beta of 1.52. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.69 and a current ratio of 1.13. The business’s 50-day moving average price is $51.61 and its 200-day moving average price is $51.63. Fortune Brands Home & Security Inc has a fifty-two week low of $35.27 and a fifty-two week high of $58.15.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 EPS for the quarter, meeting the Thomson Reuters’ 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 firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business earned $1.00 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Fortune Brands Home & Security Inc will post 3.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Friday, August 30th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 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.

See Also: What is a stock portfolio tracker?

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.


*