Cerebellum GP LLC Has $71,000 Stock Holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) – TechNewsObserver


Cerebellum GP LLC lessened its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 49.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,304 shares of the industrial products company’s stock after selling 1,283 shares during the quarter. Cerebellum GP LLC’s holdings in Fortune Brands Home & Security were worth $71,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FBHS. Giverny Capital Inc. boosted its position in shares of Fortune Brands Home & Security by 3.7% in the second quarter. Giverny Capital Inc. now owns 619,083 shares of the industrial products company’s stock worth $35,368,000 after acquiring an additional 22,090 shares during the last quarter. FMR LLC boosted its position in shares of Fortune Brands Home & Security by 3.8% in the first quarter. FMR LLC now owns 3,117,381 shares of the industrial products company’s stock worth $148,419,000 after acquiring an additional 114,490 shares during the last quarter. Grimes & Company Inc. boosted its position in shares of Fortune Brands Home & Security by 10.2% in the second quarter. Grimes & Company Inc. now owns 4,639 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 429 shares during the last quarter. Advisor Partners LLC acquired a new stake in shares of Fortune Brands Home & Security in the second quarter worth approximately $235,000. Finally, Crewe Advisors LLC boosted its position in shares of Fortune Brands Home & Security by 661.7% in the second quarter. Crewe Advisors LLC now owns 4,898 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 4,255 shares during the last quarter. Institutional investors and hedge funds own 88.46% of the company’s stock.

In other Fortune Brands Home & Security news, VP Danny Luburic sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $61.09, for a total transaction of $458,175.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Klein sold 110,530 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $62.06, for a total value of $6,859,491.80. In the last 90 days, insiders have sold 129,936 shares of company stock worth $8,043,457. Corporate insiders own 1.63% of the company’s stock.

FBHS stock traded up $0.50 during trading on Friday, hitting $62.06. The company had a trading volume of 473,017 shares, compared to its average volume of 1,402,286. Fortune Brands Home & Security Inc has a fifty-two week low of $35.27 and a fifty-two week high of $62.60. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.94 and a beta of 1.53. The business has a 50 day moving average of $57.51 and a 200 day moving average of $54.14.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.02). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. Fortune Brands Home & Security had a net margin of 7.23% and a return on equity of 21.55%. Fortune Brands Home & Security’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. As a group, equities analysts predict that Fortune Brands Home & Security Inc will post 3.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.88 annualized dividend and a yield of 1.42%. Fortune Brands Home & Security’s payout ratio is presently 26.35%.

A number of analysts recently issued reports on the stock. Nomura dropped their price target on shares of Fortune Brands Home & Security from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. ValuEngine lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Robert W. Baird lifted their price target on shares of Fortune Brands Home & Security from $65.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $64.00 price target for the company in a research note on Friday, October 25th. Finally, SunTrust Banks upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and lifted their price target for the stock from $58.00 to $75.00 in a research note on Monday, October 28th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Fortune Brands Home & Security presently has a consensus rating of “Hold” and an average target price of $58.70.

Fortune Brands Home & Security 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 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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