Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Purchased by Giverny Capital Inc.

Giverny Capital Inc. lifted its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 3.7% in the second quarter, Holdings Channel reports. The firm owned 619,083 shares of the industrial products company’s stock after acquiring an additional 22,090 shares during the period. Fortune Brands Home & Security accounts for approximately 3.6% of Giverny Capital Inc.’s holdings, making the stock its 11th biggest position. Giverny Capital Inc.’s holdings in Fortune Brands Home & Security were worth $35,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FBHS. Swiss National Bank lifted its position in Fortune Brands Home & Security by 1.5% during the 1st quarter. Swiss National Bank now owns 472,900 shares of the industrial products company’s stock worth $22,515,000 after acquiring an additional 7,100 shares during the period. FMR LLC lifted its position in Fortune Brands Home & Security by 3.8% during the 1st quarter. FMR LLC now owns 3,117,381 shares of the industrial products company’s stock worth $148,419,000 after acquiring an additional 114,490 shares during the period. Grimes & Company Inc. lifted its position in Fortune Brands Home & Security by 10.2% during the 2nd quarter. Grimes & Company Inc. now owns 4,639 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 429 shares during the period. Moors & Cabot Inc. acquired a new stake in Fortune Brands Home & Security during the 1st quarter worth approximately $248,000. Finally, Advisor Partners LLC acquired a new stake in Fortune Brands Home & Security during the 2nd quarter worth approximately $235,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

In related news, Director A D. David Mackay sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $50.40, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value 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. Corporate insiders own 1.63% of the company’s stock.

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

Shares of FBHS stock traded up $0.11 during trading hours on Friday, reaching $54.36. 21,730 shares of the company’s stock were exchanged, compared to its average volume of 820,912. The company has a market cap of $7.49 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.63 and a beta of 1.52. The company’s 50 day moving average is $51.87 and its two-hundred day moving average is $51.43. Fortune Brands Home & Security Inc has a 1 year low of $35.27 and a 1 year high of $58.15. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.13 and a quick ratio of 0.69.

Fortune Brands Home & Security (NYSE:FBHS) last issued its 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. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.53 billion. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. As a group, analysts predict that Fortune Brands Home & Security Inc will post 3.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.35%.

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.

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

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