Fortune Brands Home & Security, Inc. (NYSE:FBHS)
- Kelley Robertson
This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Fred Alger Management Inc who had been investing in Fortune Brands Home & Security for a number of months, seems to be bullish on the $10.72B market cap company. The stock increased 0.42% or $0.01 during the last trading session, reaching $1.19. About 77.55 million shares traded or 357.64% up from the average. Cadence Ltd Liability has invested 0.02% of its portfolio in Fortune Brands Home & Security, Inc. It has underperformed by 5.00% the S&P500.
Channing Capital Management Llc decreased Fortune Brands Home And Securi (FBHS) stake by 14.81% reported in 2017Q3 SEC filing. Dekabank Deutsche Girozentrale bought 10,536 shares as the company's stock rose 10.06% with the market. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.82 by $0.01. Birchview Capital Lp who had been investing in Contrafect Corp for a number of months, seems to be bullish on the $87.65 million market cap company. The stock increased 1.20% or $0.84 during the last trading session, reaching $70.62. During the same period in the previous year, the company posted $0.80 earnings per share. (NYSE:FBHS) has risen 11.70% since January 16, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.
Investors sentiment decreased to 1.15 in Q3 2017. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.57. 42 funds opened positions while 119 raised stakes. The Vestor Capital Llc holds 10,859 shares with $983,000 value, down from 53,340 last quarter. Oppenheimer Asset Mngmt Inc owns 252 shares.
Tikvah Management Llc holds 5.7% of its portfolio in FARO Technologies, Inc. for 351,480 shares. Gamble Jones Invest Counsel invested in 2,692 shares. Perigon Wealth Mgmt Lc, California-based fund reported 2,907 shares. From the start of the calendar year, shares have been 3.19%. Valicenti Advisory Svcs Inc has 2.76% invested in Fortune Brands Home & Security, Inc. (NASDAQ:FB). Allstate invested in 0.01% or 1,618 shares. Sumitomo Mitsui Asset Limited invested 1.91% of its portfolio in Tesla, Inc. Carnegie Cap Asset Ltd Limited Liability Company has invested 0.43% in Lowe's Companies, Inc. (NASDAQ:FB). Jones Companies Lllp stated it has 0.03% of its portfolio in Facebook, Inc. Financial Counselors Inc has invested 0.01% in Markel Corporation (NYSE:MKL). (NASDAQ:TSLA) for 29,962 shares. Aegis Capital maintained Facebook, Inc. The firm earned "Buy" rating on Wednesday, July 6 by Jefferies. Therefore 54% are positive. Silgan Holdings Inc. had 33 analyst reports since September 15, 2015 according to SRatingsIntel. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. JPMorgan Chase & Co. lifted their price target on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, October 30th. The rating was maintained by JP Morgan on Friday, August 7 with "Sell". (NYSE:FBHS) rating on Thursday, October 27. (NYSE:FBHS) has "Buy" rating given on Sunday, August 20 by RBC Capital Markets.
Several institutional investors have recently modified their holdings of the stock. All else equal, FBHS's higher growth rate would imply a greater potential for capital appreciation. On Tuesday, September 19 the insider Ramsay Paul D sold $163,675. At the current valuation, this equates to a dividend yield of 1.16%. BlackRock Inc. now owns 12,998,091 shares of the industrial products company's stock worth $847,995,000 after acquiring an additional 417,624 shares in the last quarter. $589,355 worth of Tesla, Inc. (NYSE:PLD) earned "Outperform" rating by Evercore on Monday, December 4.
Investors of record on Friday, February 23rd will be issued a $0.20 dividend. Its up 0.11, from 1.06 in 2017Q2. It dived, as 36 investors sold FBHS shares while 143 reduced holdings.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock.
Fortune Brands Home & Security announced that its board has approved a stock buyback program on Monday, December 11th that authorizes the company to buyback $250.00 million in shares. Hudock Cap Grp Inc Llc holds 400 shares. Us Retail Bank De reported 50,866 shares or 0.01% of all its holdings. BlackRock Inc. increased its stake in shares of Fortune Brands Home & Security by 3.3% in the 2nd quarter. (NYSE:FBHS) to report earnings on January, 30.
Rhumbline Advisers increased Lennox Intl Inc Com (NYSE:LII) stake by 9,330 shares to 89,196 valued at $15.96 million in 2017Q3. Jefferies initiated the shares of FBHS in report on Wednesday, July 6 with "Buy" rating. (NYSE:FBHS). Teachers Retirement Systems Of The State Of Kentucky reported 0.09% stake. (NYSE:FBHS) for 850 shares. 49,865 are held by Los Angeles Capital Management & Equity Rech. Westwood Gp invested in 0.06% or 7,237 shares. Chicago Partners Investment Group LLC purchased a new stake in shares of Fortune Brands Home & Security during the third quarter worth approximately $117,000. (NYSE:FBHS). Front Barnett holds 0.08% or 6,736 shares. Putnam Fl Invest holds 1.62% or 252,847 shares in its portfolio. A 11 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NYSE:FBHS) or, if they already own its stock, sell it. Therefore 67% are positive.
On average, analysts expect that Fortune Brands Home & Security will report full-year earnings of $3.07 per share for the current fiscal year, with EPS estimates ranging from $3.05 to $3.10. (NASDAQ:FB) was sold by Zuckerberg Mark on Monday, August 14. The firm has "Buy" rating given on Tuesday, September 19 by Robert W. Baird. (NYSE:FBHS) and Leggett & Platt, Incorporated (NYSE:LEG) are the two most active stocks in the Home Furnishings & Fixtures industry based on today's trading volumes. The firm has "Market Perform" rating given on Thursday, August 24 by BMO Capital Markets. (NASDAQ:FB) on Tuesday, January 3 with "Buy" rating. As per Friday, January 6, the company rating was initiated by Barclays Capital. Fortune Brands Home & Security's payout ratio is 26.02%. Following the transaction, the director now directly owns 21,674 shares of the company's stock, valued at $1,549,691. Citigroup has "Neutral" rating and $65.0 target. The firm has "Buy" rating given on Wednesday, September 9 by Stifel Nicolaus.
Since August 4, 2017, it had 0 insider buys, and 6 selling transactions for $14.78 million activity.
In related news, CEO Christopher J. Klein sold 85,000 shares of the stock in a transaction dated Friday, October 27th.
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