Altshuler Shaham Ltd Acquires Shares of 43,265 Fortune Brands Home & Security Inc (FBHS)

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Fortune Brands Home & Security logo
Fortune Brands Home & Security logo

Altshuler Shaham Ltd acquired a new stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 43,265 shares of the industrial products company’s stock, valued at approximately $2,323,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of Fortune Brands Home & Security by 35.3% during the 1st quarter. Wells Fargo & Company MN now owns 1,221,859 shares of the industrial products company’s stock worth $71,956,000 after buying an additional 318,526 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its holdings in shares of Fortune Brands Home & Security by 282.1% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 28,184 shares of the industrial products company’s stock valued at $1,636,000 after purchasing an additional 20,808 shares during the period. Twin Capital Management Inc. bought a new stake in shares of Fortune Brands Home & Security in the 1st quarter valued at about $488,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Fortune Brands Home & Security in the 1st quarter valued at about $203,000. Finally, Comerica Bank raised its holdings in shares of Fortune Brands Home & Security by 49.1% in the 1st quarter. Comerica Bank now owns 70,971 shares of the industrial products company’s stock valued at $4,081,000 after purchasing an additional 23,375 shares during the period. Hedge funds and other institutional investors own 85.61% of the company’s stock.

A number of equities research analysts have recently issued reports on FBHS shares. ValuEngine cut shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Bank of America cut shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and dropped their target price 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. Finally, Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Monday, August 6th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $68.77.

Fortune Brands Home & Security stock opened at $52.98 on Tuesday. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 1.15 and a beta of 1.27. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 0.82. Fortune Brands Home & Security Inc has a twelve month low of $52.55 and a twelve month high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Thursday, July 26th. The industrial products company reported $1.00 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.02). The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Fortune Brands Home & Security had a net margin of 8.53% and a return on equity of 20.07%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. equities analysts forecast that Fortune Brands Home & Security Inc will post 3.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.51%. Fortune Brands Home & Security’s dividend payout ratio is presently 25.97%.

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 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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Want to see what other hedge funds are holding FBHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortune Brands Home & Security Inc (NYSE:FBHS).

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

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