HAP Trading LLC Acquires Shares of 10,326 Fortune Brands Home & Security, Inc. (FBHS)

HAP Trading LLC acquired a new stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,326 shares of the industrial products company’s stock, valued at approximately $694,000.

Other hedge funds also recently modified their holdings of the company. Sentry Investment Management LLC boosted its position in Fortune Brands Home & Security by 1.2% during the second quarter. Sentry Investment Management LLC now owns 10,287 shares of the industrial products company’s stock valued at $671,000 after purchasing an additional 122 shares in the last quarter. Eagle Asset Management Inc. boosted its position in Fortune Brands Home & Security by 20.2% during the second quarter. Eagle Asset Management Inc. now owns 462,498 shares of the industrial products company’s stock valued at $30,173,000 after purchasing an additional 77,800 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Fortune Brands Home & Security by 23.1% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,833 shares of the industrial products company’s stock valued at $2,664,000 after purchasing an additional 7,654 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Fortune Brands Home & Security by 26.1% in the second quarter. Toronto Dominion Bank now owns 52,123 shares of the industrial products company’s stock worth $3,400,000 after acquiring an additional 10,799 shares in the last quarter. Finally, Greenwood Capital Associates LLC boosted its holdings in Fortune Brands Home & Security by 3.8% in the second quarter. Greenwood Capital Associates LLC now owns 8,918 shares of the industrial products company’s stock worth $582,000 after acquiring an additional 330 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Fortune Brands Home & Security, Inc. (NYSE FBHS) traded up $0.32 during trading on Friday, hitting $64.76. The company had a trading volume of 406,339 shares, compared to its average volume of 962,104. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.87 and a quick ratio of 1.17. Fortune Brands Home & Security, Inc. has a 12-month low of $53.15 and a 12-month high of $68.82. The firm has a market capitalization of $9,880.00, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 2.02 and a beta of 1.41.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, October 25th. The industrial products company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. analysts expect that Fortune Brands Home & Security, Inc. will post 3.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Wednesday, November 22nd. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 24.91%.

In related news, insider E Lee Wyatt sold 33,400 shares of Fortune Brands Home & Security stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $65.01, for a total transaction of $2,171,334.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Klein sold 85,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $67.13, for a total value of $5,706,050.00. The disclosure for this sale can be found here. Insiders have sold 181,000 shares of company stock valued at $11,813,470 in the last ninety days. Corporate insiders own 1.61% of the company’s stock.

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Several equities research analysts have weighed in on the company. Royal Bank Of Canada lowered their price target on Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, November 13th. Credit Suisse Group raised their price target on Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Jefferies Group LLC reissued a “buy” rating and issued a $78.00 price target on shares of Fortune Brands Home & Security in a report on Thursday, October 12th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $63.00 price target on shares of Fortune Brands Home & Security in a report on Friday, November 10th. Finally, BidaskClub downgraded Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $69.86.

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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