Thrivent Financial For Lutherans Buys 74,670 Shares of Fortune Brands Home & Security, Inc. (FBHS)

Thrivent Financial For Lutherans raised its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 57.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,674 shares of the industrial products company’s stock after acquiring an additional 74,670 shares during the period. Thrivent Financial For Lutherans owned approximately 0.13% of Fortune Brands Home & Security worth $13,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its stake in shares of Fortune Brands Home & Security by 2.1% in the second quarter. ProShare Advisors LLC now owns 44,588 shares of the industrial products company’s stock worth $2,909,000 after acquiring an additional 910 shares during the last quarter. Profund Advisors LLC grew its stake in shares of Fortune Brands Home & Security by 1.1% in the second quarter. Profund Advisors LLC now owns 3,880 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 42 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Fortune Brands Home & Security in the second quarter worth $1,831,000. Amalgamated Bank grew its stake in shares of Fortune Brands Home & Security by 25.8% in the second quarter. Amalgamated Bank now owns 31,168 shares of the industrial products company’s stock worth $2,033,000 after acquiring an additional 6,401 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Fortune Brands Home & Security by 3.3% in the second quarter. BlackRock Inc. now owns 12,998,091 shares of the industrial products company’s stock worth $847,995,000 after acquiring an additional 417,624 shares during the last quarter. 88.13% of the stock is currently owned by hedge funds and other institutional investors.

In other Fortune Brands Home & Security news, insider E Lee Wyatt sold 40,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $65.20, for a total transaction of $2,608,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Klein sold 60,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total value of $3,766,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 191,000 shares of company stock worth $12,285,470. Company insiders own 1.61% of the company’s stock.

Fortune Brands Home & Security, Inc. (FBHS) opened at 64.51 on Thursday. The stock has a market capitalization of $9.94 billion, a PE ratio of 22.97 and a beta of 1.37. Fortune Brands Home & Security, Inc. has a 12 month low of $52.05 and a 12 month high of $67.50. The firm has a 50-day moving average price of $63.73 and a 200 day moving average price of $63.39.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company posted $0.82 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.72 annualized dividend and a yield of 1.12%. Fortune Brands Home & Security’s payout ratio is presently 25.35%.

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Several research firms recently commented on FBHS. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Thursday, July 20th. Jefferies Group LLC reaffirmed a “buy” rating and set a $76.00 price objective on shares of Fortune Brands Home & Security in a research report on Friday, July 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research report on Tuesday, July 18th. Wells Fargo & Company cut Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price objective on the stock. in a research report on Wednesday, July 19th. Finally, BidaskClub cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Fortune Brands Home & Security presently has an average rating of “Hold” and an average price target of $68.69.

Fortune Brands Home & Security Profile

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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

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