Strategic Investment Advisors MI Acquires 484 Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS)


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Strategic Investment Advisors MI grew its holdings in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,510 shares of the industrial products company’s stock after purchasing an additional 484 shares during the quarter. Strategic Investment Advisors MI’s holdings in Fortune Brands Home & Security were worth $387,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Simon Quick Advisors LLC bought a new stake in shares of Fortune Brands Home & Security in the 3rd quarter valued at about $28,000. Lloyd Advisory Services LLC. bought a new stake in shares of Fortune Brands Home & Security in the 3rd quarter valued at about $37,000. Community Bank N.A. raised its stake in shares of Fortune Brands Home & Security by 200.0% during the 3rd quarter. Community Bank N.A. now owns 600 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 400 shares in the last quarter. CX Institutional raised its stake in shares of Fortune Brands Home & Security by 617.2% during the 3rd quarter. CX Institutional now owns 667 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 574 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new position in shares of Fortune Brands Home & Security during the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 78.88% of the company’s stock.

FBHS stock opened at $87.85 on Thursday. The firm’s fifty day simple moving average is $85.64 and its 200-day simple moving average is $81.78. The company has a market capitalization of $12.20 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 1.91 and a beta of 1.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.88 and a quick ratio of 1.23. Fortune Brands Home & Security, Inc. has a 12 month low of $33.90 and a 12 month high of $92.59.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.13. Fortune Brands Home & Security had a net margin of 8.36% and a return on equity of 22.37%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.53 billion. As a group, sell-side analysts forecast that Fortune Brands Home & Security, Inc. will post 4.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 17th. Investors of record on Friday, February 26th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, February 25th. This is an increase from Fortune Brands Home & Security’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 1.18%. Fortune Brands Home & Security’s dividend payout ratio is 26.67%.

Fortune Brands Home & Security declared that its board has initiated a stock buyback plan on Monday, September 21st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Several research firms recently commented on FBHS. JPMorgan Chase & Co. boosted their price objective on shares of Fortune Brands Home & Security from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 18th. Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating and set a $89.00 price objective for the company. in a research note on Wednesday, December 30th. UBS Group began coverage on shares of Fortune Brands Home & Security in a research note on Tuesday, December 8th. They set a “buy” rating and a $105.00 price objective for the company. Robert W. Baird boosted their price objective on shares of Fortune Brands Home & Security from $84.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Finally, Barclays upped their price target on shares of Fortune Brands Home & Security from $69.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, December 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $83.53.

In related news, Director Ronald V. Waters sold 3,000 shares of the stock in a transaction on Friday, December 18th. The shares were sold at an average price of $91.00, for a total transaction of $273,000.00. Following the sale, the director now directly owns 11,472 shares of the company’s stock, valued at $1,043,952. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Christopher J. Klein sold 108,200 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $80.21, for a total transaction of $8,678,722.00. The disclosure for this sale can be found here. Insiders have sold 111,700 shares of company stock worth $8,993,550 over the last three months. 1.45% of the stock is currently owned by insiders.

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 under the Diamond, Aristokraft, Mid-Continent, Kitchen Craft, Homecrest, Omega, StarMark, Ultracraft, Kemper, Schrock, Decora, and Mantra brand names.

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

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