Mutual of America Capital Management LLC acquires 219 shares of Fortune Brands Home & Security, Inc. (NYSE: FBHS)


Mutual of America Capital Management LLC increased its holdings of Fortune Brands Home & Security, Inc. (NYSE: FBHS – Get Rating) stock 1.2% in the first quarter, according to the company in its latest SEC filing. The institutional investor held 18,227 shares of the industrial products company after purchasing an additional 219 shares during the quarter. Mutual of America Capital Management LLC‘s holdings in Fortune Brands Home & Security were worth $1,354,000 when it last filed with the SEC.

A number of other big investors also bought and sold shares of the company. BlackRock Inc. increased its stake in Fortune Brands Home & Security by 0.5% during the 4th quarter. BlackRock Inc. now owns 11,010,606 shares of the industrial products company worth $1,177,032,000 after buying an additional 54,009 shares last quarter. State Street Corp increased its stake in Fortune Brands Home & Security by 5.5% during the fourth quarter. State Street Corp now owns 6,552,567 shares of the industrial products company worth $700,469,000 after purchasing an additional 338,778 shares last quarter. Pictet Asset Management SA increased its position in Fortune Brands Home & Security by 7.7% in the 4th quarter. Pictet Asset Management SA now owns 4,826,236 shares of the industrial products company worth $515,925,000 after acquiring an additional 345,939 shares in the last quarter. Schroder Investment Management Group increased its position in Fortune Brands Home & Security by 14.4% in the fourth quarter. Schroder Investment Management Group now owns 1,421,045 shares of the industrial products company worth $151,909,000 after acquiring an additional 179,340 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in Fortune Brands Home & Security by 0.6% in the 4th quarter. Eagle Asset Management Inc. now owns 1,418,170 shares of the industrial products company worth $150,014,000 after acquiring 8,434 additional shares in the last quarter. 88.19% of the shares are held by institutional investors.

Fortune Brands Home & Security Stock up 0.4%

FBHS opened at $69.68 on Friday. Fortune Brands Home & Security, Inc. has a 1-year low of $56.86 and a 1-year high of $109.23. The stock’s fifty-day simple moving average is $64.74 and its 200-day simple moving average is $75.94. The company has a current ratio of 2.18, a quick ratio of 1.20 and a debt ratio of 1.16. The stock has a market capitalization of $9.11 billion, a PE ratio of 12.40, a growth price-earnings ratio of 1.83 and a beta of 1.54.

Fortune Brands Home & Security (NYSE: FBHS – Get Rating) last released its quarterly results on Wednesday, July 27. The industrial products company reported earnings per share of $1.67 for the quarter, beating analyst consensus estimates of $1.58 by $0.09. The company posted revenue of $2.11 billion for the quarter, versus $2.04 billion expected by analysts. Fortune Brands Home & Security recorded a return on equity of 26.00% and a net margin of 9.94%. The company’s revenue for the quarter increased 9.0% on an annual basis. In the same quarter of the previous year, the company had an EPS of $1.56. As a group, research analysts expect Fortune Brands Home & Security, Inc. to post earnings per share of 6.32 for the current year.

Fortune Brands Home & Security Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14. Shareholders of record on Friday, August 26 will receive a dividend of $0.28 per share. This represents an annualized dividend of $1.12 and a yield of 1.61%. The ex-dividend date is Thursday, August 25. Fortune Brands Home & Security’s payout ratio is 19.93%.

Changes to analyst ratings

FBHS has been the subject of a number of recent research reports. Bank of America upgraded Fortune Brands Home & Security from an “underperforming” rating to a “neutral” rating and raised its price target for the stock from $74.00 to $84.00 in a report of research from Friday, April 29. Goldman Sachs Group cut its price target on Fortune Brands Home & Security from $102.00 to $89.00 and set a “buy” rating for the company in a Thursday, June 23 research report. Truist Financial cut its price target on Fortune Brands Home & Security from $115.00 to $100.00 in a Friday, April 29 report. The Royal Bank of Canada reissued a “hold” rating on Fortune Brands Home & Security shares in a report Thursday. Finally, Robert W. Baird raised his price target on Fortune Brands Home & Security to $80.00 in a Monday, July 25 report. One financial analyst gave the stock a sell rating, six gave the company a hold rating and four gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $89.54.

About Fortune Brands Home and Security

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Fortune Brands Home & Security, Inc provides home and security products for home repair, remodeling, new construction and security applications. It operates in three segments: plumbing, exterior and security, and cabinetry. The Plumbing segment manufactures, assembles and sells faucets, fixtures, kitchen sinks and garbage disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe and Shaws brand names in the United States, China, Canada, Mexico, Southeast Asia, Europe and South America directly through its own sales force, as well as through independent manufacturer representatives to wholesalers, home centers, supermarkets and industrial distributors.

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Institutional ownership by quarter for Fortune Brands Home & Security (NYSE: FBHS)



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