SeaCrest Wealth Management LLC Takes Position in Fortune Brands Home & Security, Inc. (NYSE:FBHS)

SeaCrest Wealth Management LLC purchased a new stake in Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 772 shares of the industrial products company’s stock, valued at approximately $46,000.

Other large investors have also recently bought and sold shares of the company. Clearstead Advisors LLC raised its holdings in Fortune Brands Home & Security by 111.6% in the 1st quarter. Clearstead Advisors LLC now owns 529 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 279 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Fortune Brands Home & Security in the 1st quarter valued at about $41,000. MCF Advisors LLC bought a new position in Fortune Brands Home & Security in the 1st quarter valued at about $42,000. First Horizon Advisors Inc. raised its holdings in Fortune Brands Home & Security by 592.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 637 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 545 shares during the period. Finally, Prospera Financial Services Inc bought a new position in Fortune Brands Home & Security in the 1st quarter valued at about $54,000. 85.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FBHS has been the topic of several recent research reports. BMO Capital Markets lowered their target price on shares of Fortune Brands Home & Security from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, October 31st. The Goldman Sachs Group lowered their target price on shares of Fortune Brands Home & Security from $89.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, October 12th. Robert W. Baird raised their target price on shares of Fortune Brands Home & Security from $65.00 to $70.00 in a report on Thursday, October 27th. UBS Group lowered their target price on shares of Fortune Brands Home & Security from $134.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Fortune Brands Home & Security from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Fortune Brands Home & Security currently has a consensus rating of “Hold” and an average target price of $81.00.

Fortune Brands Home & Security Stock Performance

Shares of Fortune Brands Home & Security stock opened at $64.41 on Monday. Fortune Brands Home & Security, Inc. has a fifty-two week low of $52.95 and a fifty-two week high of $109.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.47 and a quick ratio of 0.74. The firm has a market capitalization of $8.26 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.59 and a beta of 1.56. The company’s 50 day moving average price is $58.71 and its two-hundred day moving average price is $63.15.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last issued its earnings results on Wednesday, October 26th. The industrial products company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.07. Fortune Brands Home & Security had a net margin of 9.35% and a return on equity of 27.08%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business posted $1.49 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts forecast that Fortune Brands Home & Security, Inc. will post 6.25 earnings per share for the current fiscal year.

Fortune Brands Home & Security Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Friday, November 25th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, November 23rd. Fortune Brands Home & Security’s payout ratio is currently 19.82%.

Insider Activity

In other news, Director A D. David Mackay sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $60.00, for a total transaction of $120,000.00. Following the completion of the transaction, the director now owns 6,000 shares of the company’s stock, valued at $360,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.97% of the company’s stock.

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.

Further Reading

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

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