Kavar Capital Partners LLC Acquires Shares of 680 Fortune Brands Home & Security Inc (NYSE:FBHS)

Kavar Capital Partners LLC acquired a new stake in Fortune Brands Home & Security Inc (NYSE:FBHS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 680 shares of the industrial products company’s stock, valued at approximately $39,000.

A number of other institutional investors have also made changes to their positions in the business. Westside Investment Management Inc. bought a new position in shares of Fortune Brands Home & Security during the 2nd quarter worth $27,000. Berman Capital Advisors LLC grew its position in shares of Fortune Brands Home & Security by 454.7% during the 1st quarter. Berman Capital Advisors LLC now owns 588 shares of the industrial products company’s stock worth $28,000 after buying an additional 482 shares in the last quarter. Cornerstone Advisors Inc. grew its position in shares of Fortune Brands Home & Security by 47.0% during the 1st quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after buying an additional 204 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Fortune Brands Home & Security during the 1st quarter worth $31,000. Finally, Bremer Bank National Association bought a new position in shares of Fortune Brands Home & Security during the 1st quarter worth $32,000. 87.38% of the stock is currently owned by institutional investors.

Shares of NYSE FBHS traded up $0.79 during mid-day trading on Friday, reaching $50.52. 771,600 shares of the company were exchanged, compared to its average volume of 1,551,812. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 0.77. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.52 and a beta of 1.54. Fortune Brands Home & Security Inc has a 1 year low of $35.27 and a 1 year high of $58.15. The firm has a 50-day moving average of $54.32 and a 200 day moving average of $50.89.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.03. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. On average, equities analysts forecast that Fortune Brands Home & Security Inc will post 3.6 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, August 30th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 26.35%.

In related news, Director A D. David Mackay sold 10,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $50.40, for a total transaction of $504,000.00. Following the completion of the sale, the director now directly owns 11,532 shares in the company, valued at approximately $581,212.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction dated 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 sale, the director now owns 11,589 shares of the company’s stock, valued at $657,559.86. The disclosure for this sale can be found here. Corporate insiders own 1.63% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Loop Capital downgraded 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. Bank of America raised 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. TheStreet raised Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research report on Friday, June 28th. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price target on the stock. in a research report on Monday, August 5th. Finally, 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. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Fortune Brands Home & Security currently has a consensus rating of “Hold” and an average target price of $54.30.

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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