Fox Run Management L.L.C. Takes Position in Fortune Brands Home & Security Inc (FBHS)

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Fox Run Management L.L.C. purchased a new position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 6,622 shares of the industrial products company’s stock, valued at approximately $347,000.

Several other institutional investors and hedge funds have also modified their holdings of FBHS. Glenmede Trust Co. NA grew its stake in shares of Fortune Brands Home & Security by 4,953.2% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,018,622 shares of the industrial products company’s stock worth $54,690,000 after acquiring an additional 998,464 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Fortune Brands Home & Security by 35.7% during the 2nd quarter. Schroder Investment Management Group now owns 2,301,593 shares of the industrial products company’s stock worth $122,882,000 after acquiring an additional 605,743 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Fortune Brands Home & Security by 7,185.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 544,152 shares of the industrial products company’s stock worth $29,216,000 after acquiring an additional 536,683 shares in the last quarter. Millennium Management LLC grew its stake in shares of Fortune Brands Home & Security by 325.7% during the 2nd quarter. Millennium Management LLC now owns 682,841 shares of the industrial products company’s stock worth $36,662,000 after acquiring an additional 522,453 shares in the last quarter. Finally, Robecosam AG bought a new position in shares of Fortune Brands Home & Security during the 2nd quarter worth approximately $23,231,000. 85.63% of the stock is owned by institutional investors.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $51.31, for a total transaction of $256,550.00. Following the completion of the sale, the director now owns 14,142 shares of the company’s stock, valued at approximately $725,626.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.71% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. ValuEngine cut shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Macquarie decreased their target price on shares of Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating for the company in a research note on Thursday, September 6th. Bank of America cut shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $64.00 to $61.00 in a research note on Friday, August 10th. They noted that the move was a valuation call. Finally, Goldman Sachs Group initiated coverage on shares of Fortune Brands Home & Security in a research note on Tuesday, October 2nd. They issued a “neutral” rating and a $64.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Fortune Brands Home & Security has an average rating of “Hold” and an average target price of $68.27.

NYSE:FBHS opened at $49.14 on Thursday. Fortune Brands Home & Security Inc has a 1-year low of $49.00 and a 1-year high of $73.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.47 and a quick ratio of 0.96. The firm has a market capitalization of $7.46 billion, a P/E ratio of 15.95, a PEG ratio of 1.13 and a beta of 1.22.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Thursday, July 26th. The industrial products company reported $1.00 earnings per share for the quarter, missing the 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 period in the prior year, the business posted $0.92 earnings per share. Fortune Brands Home & Security’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fortune Brands Home & Security Inc will post 3.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, November 29th. Fortune Brands Home & Security’s dividend 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.

Read More: Intrinsic Value and Stock Selection

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)

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