State of Alaska Department of Revenue Has $2.12 Million Stock Holdings in Fortune Brands Home & Security Inc (NYSE:FBHS)

State of Alaska Department of Revenue lessened its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 11.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 37,082 shares of the industrial products company’s stock after selling 4,934 shares during the period. State of Alaska Department of Revenue’s holdings in Fortune Brands Home & Security were worth $2,116,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of FBHS. AE Wealth Management LLC acquired a new position in shares of Fortune Brands Home & Security in the 2nd quarter worth approximately $210,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Fortune Brands Home & Security in the 2nd quarter worth approximately $523,000. Commonwealth Equity Services LLC raised its holdings in shares of Fortune Brands Home & Security by 1.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 30,907 shares of the industrial products company’s stock worth $1,765,000 after buying an additional 317 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Fortune Brands Home & Security by 33.8% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 77,648 shares of the industrial products company’s stock worth $4,436,000 after buying an additional 19,600 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its holdings in shares of Fortune Brands Home & Security by 2.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 7,494 shares of the industrial products company’s stock worth $428,000 after buying an additional 194 shares in the last quarter. 87.52% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Fortune Brands Home & Security to $56.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. TheStreet upgraded Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research report on Friday, June 28th. SunTrust Banks increased their price target on Fortune Brands Home & Security to $50.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Loop Capital lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price target on the stock. in a research report on Tuesday, July 2nd. Finally, Bank of America upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $64.00 in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $54.90.

NYSE FBHS traded down $1.27 during trading hours on Friday, reaching $51.66. 2,725,345 shares of the company’s stock were exchanged, compared to its average volume of 1,264,350. The company has a market cap of $7.40 billion, a PE ratio of 15.47, a PEG ratio of 1.56 and a beta of 1.55. Fortune Brands Home & Security Inc has a one year low of $35.27 and a one year high of $58.21. The business’s fifty day simple moving average is $55.30. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.90 and a current ratio of 1.49.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.03 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.53 billion. Fortune Brands Home & Security had a return on equity of 22.12% and a net margin of 7.22%. Fortune Brands Home & Security’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 EPS. On average, equities analysts forecast that Fortune Brands Home & Security Inc will post 3.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, August 30th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.70%. Fortune Brands Home & Security’s payout ratio is 26.35%.

In other Fortune Brands Home & Security news, SVP Brian C. Lantz sold 3,055 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $53.48, for a total value of $163,381.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $56.74, for a total value of $283,700.00. Following the completion of the transaction, the director now owns 11,589 shares in the company, valued at $657,559.86. The disclosure for this sale can be found here. 1.63% of the stock is currently owned by company insiders.

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 three segments: Cabinets, Plumbing, and Doors & 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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