Fortune Brands Home & Security (FBHS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in shares of Fortune Brands Home & Security (NYSE:FBHS) by 35.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 151,083 shares of the industrial products company’s stock after selling 81,725 shares during the period. Thrivent Financial for Lutherans’ holdings in Fortune Brands Home & Security were worth $8,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Deutsche Bank AG grew its stake in Fortune Brands Home & Security by 67.8% during the fourth quarter. Deutsche Bank AG now owns 634,287 shares of the industrial products company’s stock valued at $43,405,000 after acquiring an additional 256,284 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Fortune Brands Home & Security in the 4th quarter worth $122,000. Comerica Bank grew its stake in shares of Fortune Brands Home & Security by 20.6% in the 4th quarter. Comerica Bank now owns 47,596 shares of the industrial products company’s stock worth $3,480,000 after buying an additional 8,129 shares in the last quarter. Financial Counselors Inc. grew its stake in shares of Fortune Brands Home & Security by 4.3% in the 4th quarter. Financial Counselors Inc. now owns 33,212 shares of the industrial products company’s stock worth $2,273,000 after buying an additional 1,382 shares in the last quarter. Finally, Norinchukin Bank The grew its stake in shares of Fortune Brands Home & Security by 7.4% in the 4th quarter. Norinchukin Bank The now owns 12,313 shares of the industrial products company’s stock worth $843,000 after buying an additional 851 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

In other news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $57.43, for a total value of $287,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.71% of the stock is currently owned by company insiders.

A number of equities analysts have commented on FBHS shares. Credit Suisse Group dropped their price objective on shares of Fortune Brands Home & Security from $80.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, April 27th. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Gabelli raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Monday, February 12th. Barclays dropped their price objective on shares of Fortune Brands Home & Security from $70.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, April 27th. Finally, Nomura dropped their price objective on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Fortune Brands Home & Security presently has a consensus rating of “Hold” and an average price target of $69.20.

Fortune Brands Home & Security opened at $56.92 on Wednesday, MarketBeat reports. The stock has a market capitalization of $8.43 billion, a PE ratio of 18.48, a PEG ratio of 1.28 and a beta of 1.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.44 and a quick ratio of 0.90. Fortune Brands Home & Security has a 12-month low of $53.56 and a 12-month high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Thursday, April 26th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.03). The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. Fortune Brands Home & Security had a return on equity of 19.01% and a net margin of 8.79%. Fortune Brands Home & Security’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. research analysts forecast that Fortune Brands Home & Security will post 3.63 EPS for the current year.

Fortune Brands Home & Security announced that its Board of Directors has authorized a share repurchase plan on Monday, April 30th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the industrial products company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 13th. Stockholders of record on Friday, May 25th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $0.80 annualized dividend and a dividend yield of 1.41%. 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)

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