SG Americas Securities LLC Sells 18,400 Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS)

SG Americas Securities LLC lessened its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) by 76.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,697 shares of the industrial products company’s stock after selling 18,400 shares during the period. SG Americas Securities LLC’s holdings in Fortune Brands Home & Security were worth $423,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Toronto Dominion Bank lifted its stake in Fortune Brands Home & Security by 42.5% during the fourth quarter. Toronto Dominion Bank now owns 79,892 shares of the industrial products company’s stock worth $8,540,000 after purchasing an additional 23,820 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Fortune Brands Home & Security by 4.8% during the fourth quarter. Baird Financial Group Inc. now owns 14,203 shares of the industrial products company’s stock worth $1,518,000 after buying an additional 653 shares in the last quarter. UMB Bank N A MO acquired a new stake in shares of Fortune Brands Home & Security during the fourth quarter worth approximately $551,000. Canada Pension Plan Investment Board increased its holdings in shares of Fortune Brands Home & Security by 685.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 11,579 shares of the industrial products company’s stock worth $1,238,000 after buying an additional 10,105 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Fortune Brands Home & Security by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 984,450 shares of the industrial products company’s stock worth $105,238,000 after buying an additional 10,348 shares in the last quarter. Institutional investors own 88.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Fortune Brands Home & Security from $134.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 28th. The Goldman Sachs Group dropped their price objective on shares of Fortune Brands Home & Security from $102.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. Credit Suisse Group raised their price target on shares of Fortune Brands Home & Security from $90.00 to $95.00 in a report on Monday, May 9th. Robert W. Baird raised their price target on shares of Fortune Brands Home & Security to $80.00 in a report on Monday, July 25th. Finally, Wells Fargo & Company lowered their price target on shares of Fortune Brands Home & Security from $76.00 to $66.00 and set an “equal weight” rating for the company in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $89.54.

Fortune Brands Home & Security Price Performance

Shares of FBHS stock opened at $67.24 on Friday. Fortune Brands Home & Security, Inc. has a 52-week low of $56.86 and a 52-week high of $109.23. The stock has a market cap of $8.70 billion, a PE ratio of 12.16, a PEG ratio of 1.43 and a beta of 1.56. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.12 and a current ratio of 2.13. The firm’s 50 day moving average price is $64.70 and its two-hundred day moving average price is $74.75.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.09. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Fortune Brands Home & Security had a net margin of 9.41% and a return on equity of 26.19%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $1.56 earnings per share. As a group, analysts forecast that Fortune Brands Home & Security, Inc. will post 6.41 EPS for the current year.

Fortune Brands Home & Security Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Friday, August 26th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.67%. Fortune Brands Home & Security’s dividend payout ratio is 20.25%.

Fortune Brands Home & Security Profile

(Get Rating)

Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

See Also

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

Receive News & Ratings for Fortune Brands Home & Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security and related companies with MarketBeat.com's FREE daily email newsletter.