Fortune Brands Home & Security Inc (FBHS) Shares Bought by Aviva PLC

Aviva PLC increased its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 39.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,883 shares of the industrial products company’s stock after acquiring an additional 29,380 shares during the period. Aviva PLC owned about 0.07% of Fortune Brands Home & Security worth $5,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FBHS. Riverhead Capital Management LLC grew its holdings in Fortune Brands Home & Security by 17.1% during the second quarter. Riverhead Capital Management LLC now owns 6,322 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 923 shares during the period. D.A. Davidson & CO. grew its holdings in Fortune Brands Home & Security by 10.8% during the second quarter. D.A. Davidson & CO. now owns 10,518 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 1,024 shares during the period. Meeder Asset Management Inc. grew its holdings in Fortune Brands Home & Security by 10.2% during the third quarter. Meeder Asset Management Inc. now owns 13,342 shares of the industrial products company’s stock valued at $698,000 after purchasing an additional 1,239 shares during the period. Peloton Wealth Strategists grew its holdings in Fortune Brands Home & Security by 6.3% during the second quarter. Peloton Wealth Strategists now owns 21,825 shares of the industrial products company’s stock valued at $1,172,000 after purchasing an additional 1,300 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Fortune Brands Home & Security by 11.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,419 shares of the industrial products company’s stock valued at $667,000 after purchasing an additional 1,321 shares during the period. 86.87% of the stock is owned by institutional investors.

NYSE FBHS opened at $42.59 on Friday. The stock has a market capitalization of $5.97 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.30 and a quick ratio of 0.83. Fortune Brands Home & Security Inc has a twelve month low of $40.89 and a twelve month high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.12). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.44 billion. Fortune Brands Home & Security had a return on equity of 20.95% and a net margin of 7.94%. Equities research analysts predict that Fortune Brands Home & Security Inc will post 3.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Friday, November 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, November 29th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 25.97%.

Several research firms have issued reports on FBHS. Bank of America lowered Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and cut their price target for the company from $64.00 to $61.00 in a report on Friday, August 10th. They noted that the move was a valuation call. Macquarie cut their price target on Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday, September 6th. ValuEngine lowered Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. Goldman Sachs Group began coverage on Fortune Brands Home & Security in a report on Tuesday, October 2nd. They set a “neutral” rating and a $64.00 price target for the company. Finally, Longbow Research lowered Fortune Brands Home & Security from a “buy” rating to a “neutral” rating in a report on Friday, October 12th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $61.58.

In other news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $51.31, for a total value of $256,550.00. Following the completion of the transaction, the director now owns 14,142 shares of the company’s stock, valued at $725,626.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.71% of the company’s stock.

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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 four segments: Cabinets, Plumbing, Doors, and 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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