Guggenheim Capital LLC Buys 67,018 Shares of Fortune Brands Home & Security Inc (FBHS)

Guggenheim Capital LLC lifted its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 8.7% during the 1st quarter, Holdings Channel reports. The firm owned 838,953 shares of the industrial products company’s stock after purchasing an additional 67,018 shares during the quarter. Guggenheim Capital LLC’s holdings in Fortune Brands Home & Security were worth $49,406,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FBHS. Captrust Financial Advisors acquired a new position in Fortune Brands Home & Security in the fourth quarter valued at approximately $122,000. Pinebridge Investments L.P. lifted its holdings in Fortune Brands Home & Security by 325.8% in the fourth quarter. Pinebridge Investments L.P. now owns 1,946 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 1,489 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in Fortune Brands Home & Security in the first quarter valued at approximately $141,000. Tower Research Capital LLC TRC lifted its holdings in Fortune Brands Home & Security by 18,835.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,651 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 2,637 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in Fortune Brands Home & Security in the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 85.22% of the company’s stock.

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In other news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $57.43, for a total transaction of $287,150.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.71% of the stock is currently owned by corporate insiders.

Fortune Brands Home & Security opened at $56.00 on Tuesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.90 and a current ratio of 1.44. Fortune Brands Home & Security Inc has a 52 week low of $53.56 and a 52 week high of $73.62. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.26 and a beta of 1.38.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Fortune Brands Home & Security had a return on equity of 19.01% and a net margin of 8.79%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. analysts anticipate that Fortune Brands Home & Security Inc will post 3.63 EPS for the current fiscal year.

Fortune Brands Home & Security announced that its board has authorized a share repurchase program on Monday, April 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 13th. Shareholders of record on Friday, May 25th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, May 24th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 25.97%.

A number of research analysts recently commented on FBHS shares. Credit Suisse Group decreased their price objective on Fortune Brands Home & Security from $80.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, April 27th. Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Wednesday, April 4th. Royal Bank of Canada upped their price objective on Fortune Brands Home & Security to $66.00 and gave the company an “outperform” rating in a report on Friday, April 27th. Barclays decreased their price objective on Fortune Brands Home & Security from $70.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, April 27th. Finally, Loop Capital set a $67.00 price objective on Fortune Brands Home & Security and gave the company a “buy” rating in a report on Friday, April 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.20.

About Fortune Brands Home & Security

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.

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

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