Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC boosted its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,281 shares of the industrial products company’s stock after acquiring an additional 10,136 shares during the quarter. Calamos Advisors LLC owned about 0.09% of Fortune Brands Home & Security worth $6,525,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FBHS. Westside Investment Management Inc. acquired a new stake in Fortune Brands Home & Security during the second quarter worth $27,000. Kavar Capital Partners LLC acquired a new stake in Fortune Brands Home & Security during the second quarter worth $39,000. Pearl River Capital LLC acquired a new stake in Fortune Brands Home & Security during the second quarter worth $43,000. North Star Investment Management Corp. acquired a new stake in Fortune Brands Home & Security during the third quarter worth $45,000. Finally, FTB Advisors Inc. increased its stake in Fortune Brands Home & Security by 552.0% during the second quarter. FTB Advisors Inc. now owns 815 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 690 shares during the last quarter. 88.27% of the stock is owned by institutional investors.

Several research firms have issued reports on FBHS. ValuEngine cut 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. Loop Capital cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price objective for the company. in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $60.00 price objective for the company. in a research note on Monday, October 14th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $53.67.

In related news, Director A D. David Mackay sold 10,000 shares of Fortune Brands Home & Security 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 completion of the transaction, the director now directly owns 11,532 shares in the company, valued at $581,212.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.63% of the company’s stock.

Shares of NYSE FBHS opened at $58.47 on Wednesday. Fortune Brands Home & Security Inc has a twelve month low of $35.27 and a twelve month high of $59.39. The company has a current ratio of 1.13, a quick ratio of 0.69 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $54.60 and a 200-day simple moving average of $53.15. The stock has a market capitalization of $8.25 billion, a PE ratio of 17.51, a PEG ratio of 1.80 and a beta of 1.52.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.03. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Fortune Brands Home & Security Inc will post 3.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 29th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.51%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.35%.

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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