Paloma Partners Management Co Has $1.70 Million Stake in Fortune Brands Home & Security Inc (FBHS)

Paloma Partners Management Co decreased its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 49.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 31,636 shares of the industrial products company’s stock after selling 30,461 shares during the period. Paloma Partners Management Co’s holdings in Fortune Brands Home & Security were worth $1,698,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Fort L.P. bought a new position in Fortune Brands Home & Security during the 2nd quarter worth approximately $117,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in Fortune Brands Home & Security during the 1st quarter worth approximately $141,000. Ironwood Investment Management LLC bought a new position in Fortune Brands Home & Security during the 2nd quarter worth approximately $205,000. United Capital Financial Advisers LLC bought a new position in Fortune Brands Home & Security during the 1st quarter worth approximately $245,000. Finally, Ferguson Wellman Capital Management Inc. bought a new position in Fortune Brands Home & Security during the 2nd quarter worth approximately $256,000. Institutional investors own 85.61% of the company’s stock.

Shares of FBHS opened at $55.26 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.96 and a current ratio of 1.47. Fortune Brands Home & Security Inc has a twelve month low of $52.52 and a twelve month high of $73.62. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.20 and a beta of 1.26.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Thursday, July 26th. The industrial products company reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.02). Fortune Brands Home & Security had a net margin of 8.53% and a return on equity of 20.07%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $0.92 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. analysts anticipate that Fortune Brands Home & Security Inc will post 3.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Friday, August 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, August 30th. Fortune Brands Home & Security’s payout ratio is currently 25.97%.

Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Macquarie cut their price target on shares of Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, September 6th. ValuEngine raised shares of Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 28th. Finally, Bank of America lowered shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and cut their price target for the company from $64.00 to $61.00 in a research note on Friday, August 10th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $68.57.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

Featured Article: What does earnings per share mean?

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).

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.

Leave a Reply