Cipher Capital LP Buys New Holdings in Fortune Brands Home & Security Inc (FBHS)

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Cipher Capital LP bought a new position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,817 shares of the industrial products company’s stock, valued at approximately $981,000.

Several other institutional investors have also added to or reduced their stakes in FBHS. Capital Investment Advisory Services LLC purchased a new stake in shares of Fortune Brands Home & Security during the fourth quarter worth $32,000. JOYN Advisors Inc. boosted its position in shares of Fortune Brands Home & Security by 196.5% during the 4th quarter. JOYN Advisors Inc. now owns 836 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 554 shares during the last quarter. Doyle Wealth Management acquired a new position in shares of Fortune Brands Home & Security during the 4th quarter valued at about $33,000. Kinneret Advisory LLC acquired a new position in shares of Fortune Brands Home & Security during the 4th quarter valued at about $68,000. Finally, Essex Savings Bank acquired a new position in shares of Fortune Brands Home & Security during the 4th quarter valued at about $76,000. 86.76% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on FBHS. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Credit Suisse Group boosted their price target on shares of Fortune Brands Home & Security from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Loop Capital cut shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating and lowered their price target for the company from $59.00 to $40.00 in a research report on Tuesday, December 18th. ValuEngine raised shares of Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 13th. Finally, Bank of America raised shares of Fortune Brands Home & Security from an “underperform” rating to a “neutral” rating and set a $47.00 price target on the stock in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Fortune Brands Home & Security currently has a consensus rating of “Hold” and a consensus target price of $54.27.

In other Fortune Brands Home & Security news, VP Danny Luburic sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $46.96, for a total value of $93,920.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.71% of the company’s stock.

NYSE FBHS opened at $45.01 on Friday. Fortune Brands Home & Security Inc has a 12 month low of $35.27 and a 12 month high of $60.34. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 1.13. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.39 and a beta of 1.46.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Thursday, January 31st. The industrial products company reported $0.86 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.08). Fortune Brands Home & Security had a net margin of 7.10% and a return on equity of 21.91%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.46 billion. As a group, analysts predict that Fortune Brands Home & Security Inc will post 3.63 EPS for the current fiscal year.

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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.

Further Reading: Quiet Period Expirations

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

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