BlueCrest Capital Management Ltd decreased its position in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 81.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 86,908 shares of the industrial products company’s stock after selling 371,103 shares during the period. BlueCrest Capital Management Ltd owned about 0.06% of Fortune Brands Home & Security worth $5,670,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Acrospire Investment Management LLC boosted its stake in shares of Fortune Brands Home & Security by 60.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 600 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fortune Brands Home & Security by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 23 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Fortune Brands Home & Security by 28.7% during the first quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock valued at $128,000 after acquiring an additional 470 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Fortune Brands Home & Security by 1.9% during the second quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock valued at $137,000 after acquiring an additional 40 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in shares of Fortune Brands Home & Security by 3.5% during the first quarter. Salem Investment Counselors Inc. now owns 2,454 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 83 shares during the last quarter. 88.13% of the stock is currently owned by institutional investors.

Shares of Fortune Brands Home & Security, Inc. (FBHS) traded up 0.32% during mid-day trading on Friday, reaching $65.96. The company’s stock had a trading volume of 767,513 shares. The firm’s 50 day moving average is $64.33 and its 200-day moving average is $63.92. Fortune Brands Home & Security, Inc. has a 52-week low of $52.05 and a 52-week high of $67.77. The company has a market capitalization of $10.16 billion, a PE ratio of 23.48 and a beta of 1.37.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. Fortune Brands Home & Security’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts forecast that Fortune Brands Home & Security, Inc. will post $3.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.09%. Fortune Brands Home & Security’s dividend payout ratio is 25.35%.

In other news, insider E Lee Wyatt sold 40,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, August 4th. The stock was sold at an average price of $65.20, for a total transaction of $2,608,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Christopher J. Klein sold 60,000 shares of Fortune Brands Home & Security stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total value of $3,766,800.00. The disclosure for this sale can be found here. Insiders have sold 136,000 shares of company stock worth $8,715,420 in the last quarter. 1.61% of the stock is currently owned by corporate insiders.

A number of analysts recently commented on FBHS shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $76.00 price objective on shares of Fortune Brands Home & Security in a research note on Friday, July 14th. Longbow Research raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, July 4th. Zacks Investment Research raised 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. Finally, BidaskClub raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $68.58.

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Fortune Brands Home & Security 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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