Arizona State Retirement System Acquires 23,848 Shares of Fortune Brands Home & Security Inc (NYSE:FBHS)

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

Arizona State Retirement System increased its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 43.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,155 shares of the industrial products company’s stock after purchasing an additional 23,848 shares during the period. Arizona State Retirement System owned approximately 0.06% of Fortune Brands Home & Security worth $4,250,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in FBHS. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in Fortune Brands Home & Security during the first quarter worth about $141,000. Commerzbank Aktiengesellschaft FI acquired a new position in Fortune Brands Home & Security during the first quarter worth approximately $203,000. United Capital Financial Advisers LLC acquired a new position in Fortune Brands Home & Security during the first quarter worth approximately $245,000. Teza Capital Management LLC increased its position in Fortune Brands Home & Security by 34.9% during the first quarter. Teza Capital Management LLC now owns 4,654 shares of the industrial products company’s stock worth $274,000 after buying an additional 1,204 shares during the last quarter. Finally, Saturna Capital CORP increased its position in Fortune Brands Home & Security by 27.0% during the first quarter. Saturna Capital CORP now owns 4,700 shares of the industrial products company’s stock worth $277,000 after buying an additional 1,000 shares during the last quarter. 85.61% of the stock is owned by institutional investors and hedge funds.

FBHS has been the topic of a number of recent analyst reports. Bank of America downgraded Fortune Brands Home & Security from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research report on Monday, May 14th. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Finally, ValuEngine downgraded Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $68.77.

NYSE FBHS opened at $52.98 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.47 and a quick ratio of 0.96. Fortune Brands Home & Security Inc has a fifty-two week low of $52.55 and a fifty-two week high of $73.62. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.27.

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

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

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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