Aviva PLC Buys 29,380 Shares of Fortune Brands Home & Security Inc (FBHS)

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Aviva PLC raised its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 39.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,883 shares of the industrial products company’s stock after purchasing an additional 29,380 shares during the period. Aviva PLC’s holdings in Fortune Brands Home & Security were worth $5,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Fort L.P. purchased a new stake in shares of Fortune Brands Home & Security in the second quarter worth approximately $117,000. O Brien Wealth Partners LLC purchased a new stake in shares of Fortune Brands Home & Security in the third quarter worth approximately $126,000. First Mercantile Trust Co. purchased a new stake in shares of Fortune Brands Home & Security in the third quarter worth approximately $126,000. First Manhattan Co. raised its holdings in shares of Fortune Brands Home & Security by 136.4% in the third quarter. First Manhattan Co. now owns 2,600 shares of the industrial products company’s stock worth $136,000 after buying an additional 1,500 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Fortune Brands Home & Security in the third quarter worth approximately $185,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

In related news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $51.31, for a total value of $256,550.00. Following the transaction, the director now owns 14,142 shares of the company’s stock, valued at $725,626.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.71% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the company. ValuEngine upgraded Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. TheStreet downgraded Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Nomura reduced their price target on Fortune Brands Home & Security from $56.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, October 26th. Finally, SunTrust Banks reduced their price target on Fortune Brands Home & Security to $46.00 and set a “hold” rating on the stock in a report on Friday, October 26th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $61.58.

Shares of NYSE:FBHS opened at $42.59 on Friday. Fortune Brands Home & Security Inc has a 52-week low of $40.89 and a 52-week high of $73.62. The company has a market capitalization of $5.97 billion, a P/E ratio of 13.83, a PEG ratio of 1.15 and a beta of 1.31. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.12). Fortune Brands Home & Security had a return on equity of 20.95% and a net margin of 7.94%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.44 billion. As a group, equities research analysts predict that Fortune Brands Home & Security Inc will post 3.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Friday, November 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.80 annualized dividend and a yield of 1.88%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 25.97%.

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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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Want to see what other hedge funds are holding FBHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortune Brands Home & Security Inc (NYSE:FBHS).

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

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