Calamos Advisors LLC Acquires 3,100 Shares of Fortune Brands Home & Security, Inc. (FBHS)

Calamos Advisors LLC grew its holdings in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,517 shares of the industrial products company’s stock after purchasing an additional 3,100 shares during the quarter. Calamos Advisors LLC owned approximately 0.05% of Fortune Brands Home & Security worth $5,682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in Fortune Brands Home & Security by 60.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 600 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Fortune Brands Home & Security by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 23 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Fortune Brands Home & Security by 1.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock worth $137,000 after acquiring an additional 40 shares during the last quarter. Global X Management Co. LLC boosted its stake in Fortune Brands Home & Security by 13.2% during the 2nd quarter. Global X Management Co. LLC now owns 2,385 shares of the industrial products company’s stock worth $156,000 after acquiring an additional 279 shares during the last quarter. Finally, Stephens Inc. AR bought a new position in Fortune Brands Home & Security during the 2nd quarter worth approximately $201,000. 87.94% of the stock is currently owned by institutional investors.

In other news, CEO Christopher J. Klein sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $67.13, for a total transaction of $5,706,050.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider E Lee Wyatt sold 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total value of $169,286.00. The disclosure for this sale can be found here. Insiders have sold a total of 221,000 shares of company stock worth $14,421,470 over the last 90 days. Company insiders own 1.61% of the company’s stock.

Several research analysts recently weighed in on FBHS shares. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Thursday, July 20th. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Monday, August 21st. Citigroup Inc. lifted their price objective on shares of Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Wells Fargo & Company lowered shares of Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price objective on the stock. in a research note on Wednesday, July 19th. Finally, J P Morgan Chase & Co lifted their price objective on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $70.00.

Shares of Fortune Brands Home & Security, Inc. (NYSE FBHS) opened at 66.06 on Wednesday. The firm’s 50-day moving average is $66.02 and its 200 day moving average is $64.62. The firm has a market capitalization of $10.17 billion, a P/E ratio of 23.52 and a beta of 1.37. Fortune Brands Home & Security, Inc. has a one year low of $52.56 and a one year high of $68.82.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. Equities research analysts predict that Fortune Brands Home & Security, Inc. will post $3.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortune Brands Home & Security’s payout ratio is 24.83%.

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Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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

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