Fortune Brands Home & Security Inc (FBHS) Shares Sold by Gamco Investors INC. ET AL

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

Gamco Investors INC. ET AL decreased its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 4.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,041,855 shares of the industrial products company’s stock after selling 49,000 shares during the period. Gamco Investors INC. ET AL owned about 0.73% of Fortune Brands Home & Security worth $55,937,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FBHS. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in shares of Fortune Brands Home & Security in the 1st quarter worth approximately $141,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Fortune Brands Home & Security in the 1st quarter worth approximately $203,000. Ironwood Investment Management LLC purchased a new stake in shares of Fortune Brands Home & Security in the 2nd quarter worth approximately $205,000. United Capital Financial Advisers LLC purchased a new stake in shares of Fortune Brands Home & Security in the 1st quarter worth approximately $245,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Fortune Brands Home & Security in the 2nd quarter worth approximately $256,000. Hedge funds and other institutional investors own 84.37% of the company’s stock.

Several analysts recently weighed in on the company. ValuEngine downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, Bank of America cut Fortune Brands Home & Security from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research report on Monday, May 14th. Three equities research 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 company presently has a consensus rating of “Hold” and an average target price of $68.77.

FBHS stock opened at $53.99 on Thursday. The company has a market capitalization of $7.81 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37. Fortune Brands Home & Security Inc has a 12-month low of $52.63 and a 12-month high of $73.62. 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 (NYSE:FBHS) last released its quarterly earnings data on Thursday, July 26th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). The business 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 business’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. analysts forecast that Fortune Brands Home & Security Inc will post 3.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Friday, August 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.80 annualized dividend and a yield of 1.48%. Fortune Brands Home & Security’s dividend payout ratio (DPR) 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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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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