Steward Partners Investment Advisory LLC Raises Stock Holdings in Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Posted by MarketBeat News on Aug 2nd, 2022

Steward Partners Investment Advisory LLC boosted its holdings in Fortune Brands Home & Security, Inc. (NYSE:FBHS – Get Rating) by 37.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,701 shares of the industrial products company’s stock after purchasing an additional 463 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Fortune Brands Home & Security were worth $126,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Clearstead Advisors LLC purchased a new stake in shares of Fortune Brands Home & Security during the 4th quarter worth approximately $27,000. Allworth Financial LP boosted its holdings in Fortune Brands Home & Security by 128.1% in the 1st quarter. Allworth Financial LP now owns 463 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 260 shares during the period. Sargent Bickham Lagudis LLC grew its position in Fortune Brands Home & Security by 49.8% during the first quarter. Sargent Bickham Lagudis LLC now owns 478 shares of the industrial products company’s stock worth $36,000 after buying an additional 159 shares in the last quarter. CKW Financial Group bought a new position in shares of Fortune Brands Home & Security in the first quarter worth approximately $37,000. Finally, Aquire Wealth Advisors LLC purchased a new stake in shares of Fortune Brands Home & Security during the 4th quarter valued at $55,000. Institutional investors own 88.19% of the company’s stock.

Fortune Brands Home & Security Trading Down 0.1 %

NYSE FBHS opened at $69.60 on Tuesday. The stock’s fifty day moving average price is $64.74 and its 200-day moving average price is $75.54. The company has a current ratio of 2.13, a quick ratio of 1.12 and a debt-to-equity ratio of 1.14. The stock has a market cap of $9.10 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.49 and a beta of 1.56. Fortune Brands Home & Security, Inc. has a 12 month low of $56.86 and a 12 month high of $109.23.

Fortune Brands Home & Security (NYSE:FBHS – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.09. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.04 billion. Fortune Brands Home & Security had a net margin of 9.41% and a return on equity of 26.19%. Fortune Brands Home & Security’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $1.56 EPS. As a group, equities analysts forecast that Fortune Brands Home & Security, Inc. will post 6.43 EPS for the current fiscal year.

Fortune Brands Home & Security Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Friday, August 26th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, August 25th. Fortune Brands Home & Security’s payout ratio is 20.25%.

Analyst Ratings Changes

FBHS has been the topic of a number of recent research reports. TheStreet cut shares of Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a research report on Tuesday, July 5th. UBS Group decreased their target price on shares of Fortune Brands Home & Security from $134.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Truist Financial dropped their target price on Fortune Brands Home & Security from $115.00 to $100.00 in a report on Friday, April 29th. The Goldman Sachs Group lowered their price objective on Fortune Brands Home & Security from $102.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday, June 23rd. Finally, Robert W. Baird upped their price target on shares of Fortune Brands Home & Security to $80.00 in a report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $89.54.

About Fortune Brands Home & Security

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Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.