LPL Financial LLC Acquires 1,717 Shares of Fortune Brands Home & Security (FBHS)

LPL Financial LLC boosted its holdings in Fortune Brands Home & Security (NYSE:FBHS) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,382 shares of the industrial products company’s stock after purchasing an additional 1,717 shares during the quarter. LPL Financial LLC’s holdings in Fortune Brands Home & Security were worth $574,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Millennium Management LLC purchased a new stake in shares of Fortune Brands Home & Security during the fourth quarter valued at approximately $64,310,000. Sciencast Management LP purchased a new stake in shares of Fortune Brands Home & Security during the fourth quarter valued at approximately $984,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Fortune Brands Home & Security by 4.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 157,871 shares of the industrial products company’s stock valued at $10,805,000 after buying an additional 6,514 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Fortune Brands Home & Security by 11.1% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 28,956 shares of the industrial products company’s stock valued at $1,980,000 after buying an additional 2,882 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of Fortune Brands Home & Security during the fourth quarter valued at approximately $122,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

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Shares of FBHS stock opened at $58.92 on Tuesday. Fortune Brands Home & Security has a 12-month low of $56.59 and a 12-month high of $73.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.13 and a current ratio of 1.77. The company has a market capitalization of $8,866.31, a P/E ratio of 19.13, a P/E/G ratio of 1.33 and a beta of 1.39.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. Fortune Brands Home & Security had a net margin of 8.95% and a return on equity of 18.73%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. equities analysts predict that Fortune Brands Home & Security will post 3.63 EPS for the current year.

In related news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $57.43, for a total value of $287,150.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.71% of the company’s stock.

FBHS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Thursday, January 11th. Loop Capital initiated coverage on shares of Fortune Brands Home & Security in a report on Thursday, March 1st. They set a “buy” rating and a $77.00 price target on the stock. Gabelli upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Monday, February 12th. Barclays cut their price target on shares of Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Finally, Nomura cut their price target on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $73.00.

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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.

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

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