Fortune Brands Home & Security Inc (FBHS) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 11.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,419 shares of the industrial products company’s stock after acquiring an additional 1,321 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Fortune Brands Home & Security were worth $667,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its stake in shares of Fortune Brands Home & Security by 17.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,322 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 923 shares during the last quarter. Meadow Creek Investment Management LLC lifted its stake in shares of Fortune Brands Home & Security by 25.4% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,920 shares of the industrial products company’s stock valued at $425,000 after purchasing an additional 1,606 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Fortune Brands Home & Security by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 993,697 shares of the industrial products company’s stock valued at $53,350,000 after purchasing an additional 114,939 shares during the last quarter. Crystal Rock Capital Management lifted its stake in shares of Fortune Brands Home & Security by 31.7% in the 2nd quarter. Crystal Rock Capital Management now owns 83,646 shares of the industrial products company’s stock valued at $4,491,000 after purchasing an additional 20,125 shares during the last quarter. Finally, Hunter Associates Investment Management LLC lifted its stake in shares of Fortune Brands Home & Security by 244.6% in the 2nd quarter. Hunter Associates Investment Management LLC now owns 11,285 shares of the industrial products company’s stock valued at $606,000 after purchasing an additional 8,010 shares during the last quarter. Hedge funds and other institutional investors own 85.61% of the company’s stock.

Shares of NYSE FBHS opened at $55.25 on Tuesday. 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 Inc has a fifty-two week low of $52.52 and a fifty-two week high of $73.62. The company has a market capitalization of $7.90 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.20 and a beta of 1.26.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly 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 return on equity of 20.07% and a net margin of 8.53%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. equities research analysts anticipate that Fortune Brands Home & Security Inc will post 3.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Friday, August 31st will be issued a $0.20 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.45%. Fortune Brands Home & Security’s payout ratio is 25.97%.

FBHS has been the subject of several analyst reports. ValuEngine lowered Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. Zacks Investment Research raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Macquarie lowered their price objective on 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. Finally, Bank of America lowered Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and lowered their price objective 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. Three investment analysts have rated the stock with a sell rating, five have issued 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 a consensus price target of $68.57.

About Fortune Brands Home & Security

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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