Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC trimmed its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 27.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,500 shares of the industrial products company’s stock after selling 2,500 shares during the quarter. Tributary Capital Management LLC’s holdings in Fortune Brands Home & Security were worth $309,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Pinnacle Bank acquired a new stake in Fortune Brands Home & Security in the fourth quarter valued at approximately $30,000. Capital Investment Advisory Services LLC acquired a new stake in Fortune Brands Home & Security in the fourth quarter valued at approximately $32,000. JOYN Advisors Inc. boosted its position in Fortune Brands Home & Security by 196.5% in the fourth quarter. JOYN Advisors Inc. now owns 836 shares of the industrial products company’s stock valued at $32,000 after buying an additional 554 shares in the last quarter. Doyle Wealth Management acquired a new stake in Fortune Brands Home & Security in the fourth quarter valued at approximately $33,000. Finally, CSat Investment Advisory L.P. boosted its position in Fortune Brands Home & Security by 117.8% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,076 shares of the industrial products company’s stock valued at $41,000 after buying an additional 582 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

In other Fortune Brands Home & Security news, SVP Brian C. Lantz sold 3,055 shares of Fortune Brands Home & Security stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $53.48, for a total value of $163,381.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Danny Luburic sold 2,000 shares of Fortune Brands Home & Security stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $46.96, for a total transaction of $93,920.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,247 shares of company stock worth $1,432,491. 1.63% of the stock is owned by company insiders.

FBHS stock traded up $0.13 during midday trading on Friday, hitting $54.15. The stock had a trading volume of 1,137,685 shares, compared to its average volume of 1,787,078. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.60 and a beta of 1.49. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 1.03. Fortune Brands Home & Security Inc has a 1-year low of $35.27 and a 1-year high of $58.75.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, April 24th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Fortune Brands Home & Security had a net margin of 7.18% and a return on equity of 22.33%. Fortune Brands Home & Security’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. Research analysts expect that Fortune Brands Home & Security Inc will post 3.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be issued a $0.22 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.88 annualized dividend and a yield of 1.63%. Fortune Brands Home & Security’s payout ratio is 26.35%.

A number of equities analysts have recently commented on the stock. ValuEngine upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Barclays lowered shares of Fortune Brands Home & Security from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $45.00 to $44.00 in a report on Thursday, April 11th. Loop Capital lifted their price target on shares of Fortune Brands Home & Security to $44.00 and gave the stock a “hold” rating in a report on Friday, February 1st. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, April 8th. Finally, Bank of America upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $64.00 in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.20.

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

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