Giverny Capital Inc. Increases Holdings in Fortune Brands Home & Security Inc (NYSE:FBHS)

Giverny Capital Inc. lifted its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 619,083 shares of the industrial products company’s stock after purchasing an additional 22,090 shares during the quarter. Fortune Brands Home & Security comprises 3.6% of Giverny Capital Inc.’s holdings, making the stock its 11th largest position. Giverny Capital Inc. owned approximately 0.44% of Fortune Brands Home & Security worth $35,368,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FBHS. Geode Capital Management LLC increased its position in shares of Fortune Brands Home & Security by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock valued at $72,834,000 after buying an additional 131,460 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of Fortune Brands Home & Security in the first quarter worth approximately $240,000. Cornerstone Advisors Inc. boosted its stake in shares of Fortune Brands Home & Security by 47.0% in the first quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 204 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Fortune Brands Home & Security by 2.8% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 12,814 shares of the industrial products company’s stock worth $610,000 after acquiring an additional 347 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Fortune Brands Home & Security by 15.9% in the first quarter. Toronto Dominion Bank now owns 96,571 shares of the industrial products company’s stock worth $4,597,000 after acquiring an additional 13,254 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Shares of Fortune Brands Home & Security stock traded up $0.11 during trading hours on Friday, hitting $54.36. The company’s stock had a trading volume of 21,730 shares, compared to its average volume of 820,912. Fortune Brands Home & Security Inc has a twelve month low of $35.27 and a twelve month high of $58.15. The firm has a fifty day moving average of $51.87 and a 200-day moving average of $51.43. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.63 and a beta of 1.52. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.69 and a current ratio of 1.13.



Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.53 billion. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 EPS. On average, sell-side analysts expect that Fortune Brands Home & Security Inc will post 3.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, August 30th will be issued a $0.22 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.62%. Fortune Brands Home & Security’s dividend payout ratio is presently 26.35%.

A number of equities analysts have weighed in on FBHS shares. Loop Capital lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price objective on the stock. in a research note on Tuesday, July 2nd. ValuEngine lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. TheStreet raised Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research note on Friday, June 28th. Finally, Zacks Investment Research lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price target on the stock. in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $53.00.

In related news, Director A D. David Mackay sold 10,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $50.40, for a total value of $504,000.00. Following the sale, the director now owns 11,532 shares in the company, valued at approximately $581,212.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $56.74, for a total value of $283,700.00. Following the completion of the sale, the director now owns 11,589 shares in the company, valued at approximately $657,559.86. The disclosure for this sale can be found here. 1.63% of the stock is currently owned by insiders.

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 three segments: Cabinets, Plumbing, and Doors & 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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