The Fortune Brands Home & Security Inc (FBHS) Position Decreased by First Trust Advisors LP

The Fortune Brands Home & Security Inc (FBHS) Position Decreased by First Trust Advisors LP

A number of other hedge funds have also bought and sold shares of FBHS. TCW Group Inc. boosted its stake in Fortune Brands Home & Security by 0.4% in the fourth quarter. TCW Group Inc. now owns 11,400 shares of the industrial products company’s stock worth $609,000 after buying an additional 50 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Fortune Brands Home & Security by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,846 shares of the industrial products company’s stock worth $473,000 after buying an additional 56 shares during the period. Motco boosted its stake in Fortune Brands Home & Security by 2.7% in the first quarter. Motco now owns 3,164 shares of the industrial products company’s stock worth $193,000 after buying an additional 84 shares during the period. Parsons Capital Management Inc. RI boosted its stake in Fortune Brands Home & Security by 1.1% in the first quarter. Parsons Capital Management Inc. RI now owns 9,119 shares of the industrial products company’s stock worth $555,000 after buying an additional 100 shares during the period. Finally, ProShare Advisors LLC boosted its stake in Fortune Brands Home & Security by 0.3% in the first quarter. ProShare Advisors LLC now owns 43,678 shares of the industrial products company’s stock worth $2,658,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

First Trust Advisors LP reduced its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 66.8% during the first quarter, Holdings Channel reports. The firm owned 67,088 shares of the industrial products company’s stock after selling 135,020 shares during the period. First Trust Advisors LP’s holdings in Fortune Brands Home & Security were worth $4,082,000 at the end of the most recent reporting period.

Shares of Fortune Brands Home & Security Inc (FBHS) opened at 63.50 on Monday. The firm has a market capitalization of $9.77 billion, a PE ratio of 23.18 and a beta of 1.27. The stock has a 50 day moving average of $63.20 and a 200-day moving average of $58.67. Fortune Brands Home & Security Inc has a 52 week low of $52.05 and a 52 week high of $66.01.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. Fortune Brands Home & Security had a return on equity of 18.68% and a net margin of 8.18%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. Equities analysts anticipate that Fortune Brands Home & Security Inc will post $3.10 earnings per share for the current fiscal year.

A number of analysts have issued reports on the stock. Jefferies Group LLC lifted their target price on shares of Fortune Brands Home & Security from $67.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, April 24th. Instinet reiterated a “hold” rating on shares of Fortune Brands Home & Security in a research note on Friday, April 14th. Longbow Research upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Thursday, April 6th. Royal Bank of Canada lifted their target price on shares of Fortune Brands Home & Security from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Finally, Barclays PLC reiterated a “hold” rating and issued a $62.00 target price on shares of Fortune Brands Home & Security in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Fortune Brands Home & Security has an average rating of “Buy” and an average target price of $66.15. In other news, VP Danny Luburic sold 3,700 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $63.00, for a total value of $233,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Randich sold 72,646 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $63.53, for a total value of $4,615,200.38. The disclosure for this sale can be found here. In the last three months, insiders sold 116,409 shares of company stock valued at $7,377,478. 2.30% of the stock is currently owned by insiders.

Fortune Brands Home & Security Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FBHS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding FBHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortune Brands Home & Security Inc (NYSE:FBHS).

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