Nisa Investment Advisors LLC Sells 500 Shares of Fortune Brands Home & Security Inc (NYSE:FBHS)

Nisa Investment Advisors LLC decreased its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,083 shares of the industrial products company’s stock after selling 500 shares during the period. Nisa Investment Advisors LLC’s holdings in Fortune Brands Home & Security were worth $3,147,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Fortune Brands Home & Security by 2.9% during the first quarter. JPMorgan Chase & Co. now owns 7,800,992 shares of the industrial products company’s stock worth $371,405,000 after acquiring an additional 217,358 shares in the last quarter. FMR LLC raised its stake in Fortune Brands Home & Security by 3.8% during the first 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 in the last quarter. Pictet Asset Management Ltd. raised its stake in Fortune Brands Home & Security by 1.1% during the first quarter. Pictet Asset Management Ltd. now owns 2,570,569 shares of the industrial products company’s stock worth $122,385,000 after acquiring an additional 28,919 shares in the last quarter. Geode Capital Management LLC raised its stake in Fortune Brands Home & Security by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock worth $72,834,000 after acquiring an additional 131,460 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in Fortune Brands Home & Security by 33.0% during the first quarter. Eagle Asset Management Inc. now owns 1,775,072 shares of the industrial products company’s stock worth $84,511,000 after acquiring an additional 440,020 shares in the last quarter. Hedge funds and other institutional investors own 88.10% of the company’s stock.

A number of brokerages have recently weighed in on FBHS. Zacks Investment Research lowered 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. Bank of America upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $64.00 in a research note on Monday, May 6th. ValuEngine upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Loop Capital lowered 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 upgraded Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a report on Friday, June 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.30.

In related news, Director Ronald V. Waters sold 5,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $56.74, for a total value of $283,700.00. Following the sale, the director now owns 11,589 shares of the company’s stock, valued at approximately $657,559.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director A D. David Mackay sold 10,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $50.40, for a total value of $504,000.00. Following the completion of the sale, the director now directly owns 11,532 shares in the company, valued at approximately $581,212.80. The disclosure for this sale can be found here. Company insiders own 1.63% of the company’s stock.

Shares of FBHS opened at $49.56 on Friday. 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 Inc has a 1 year low of $35.27 and a 1 year high of $58.15. The stock has a market cap of $7.13 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.55 and a beta of 1.54. The stock’s 50-day moving average price is $53.51 and its two-hundred day moving average price is $51.01.

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 the Zacks’ consensus estimate of $1.03. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations 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 was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 earnings per share. As a group, equities analysts forecast that Fortune Brands Home & Security Inc will post 3.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 30th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio is currently 26.35%.

About Fortune Brands Home & Security

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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