AlphaCrest Capital Management LLC Purchases 2,701 Shares of Fortune Brands Home & Security Inc (NYSE:FBHS)

AlphaCrest Capital Management LLC boosted its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 23.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,001 shares of the industrial products company’s stock after purchasing an additional 2,701 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Fortune Brands Home & Security were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Fortune Brands Home & Security by 2.9% in the 1st quarter. JPMorgan Chase & Co. now owns 7,800,992 shares of the industrial products company’s stock valued at $371,405,000 after acquiring an additional 217,358 shares during the period. FMR LLC increased its holdings in shares of Fortune Brands Home & Security by 44.9% in the 4th quarter. FMR LLC now owns 3,002,891 shares of the industrial products company’s stock valued at $114,079,000 after acquiring an additional 929,793 shares during the period. Pictet Asset Management Ltd. increased its holdings in shares of 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 during the period. Geode Capital Management LLC boosted its position in shares of 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 worth $72,834,000 after purchasing an additional 131,460 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Fortune Brands Home & Security by 33.0% in the 1st quarter. Eagle Asset Management Inc. now owns 1,775,072 shares of the industrial products company’s stock worth $84,511,000 after purchasing an additional 440,020 shares in the last quarter. Institutional investors own 87.11% of the company’s stock.

A number of analysts have recently weighed in on FBHS shares. Credit Suisse Group raised their price objective on Fortune Brands Home & Security from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Barclays lowered Fortune Brands Home & Security from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $45.00 to $44.00 in a research note on Thursday, April 11th. SunTrust Banks lifted their price target on Fortune Brands Home & Security to $50.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Finally, Royal Bank of Canada boosted their price objective on Fortune Brands Home & Security to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $54.30.

In related news, SVP Brian C. Lantz sold 3,055 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $53.48, for a total value of $163,381.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Randich sold 20,000 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $53.00, for a total value of $1,060,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,247 shares of company stock valued at $1,338,571 in the last three months. Insiders own 1.63% of the company’s stock.

Shares of Fortune Brands Home & Security stock traded up $0.31 during trading hours on Monday, reaching $57.44. 1,408,800 shares of the company were exchanged, compared to its average volume of 1,529,139. Fortune Brands Home & Security Inc has a 1 year low of $35.27 and a 1 year high of $58.21. The firm has a fifty day moving average of $52.91. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.69 and a beta of 1.56.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Fortune Brands Home & Security had a net margin of 7.18% and a return on equity of 22.33%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Fortune Brands Home & Security Inc will post 3.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, May 30th. Fortune Brands Home & Security’s dividend payout ratio 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.

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

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