Voloridge Investment Management LLC Has $2.77 Million Stake in Fortune Brands Home & Security Inc (NYSE:FBHS)

Voloridge Investment Management LLC raised its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 33.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,891 shares of the industrial products company’s stock after acquiring an additional 18,296 shares during the period. Voloridge Investment Management LLC owned about 0.05% of Fortune Brands Home & Security worth $2,769,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. JOYN Advisors Inc. lifted its stake 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 worth $32,000 after acquiring an additional 554 shares during the period. Capital Investment Advisory Services LLC purchased a new position in Fortune Brands Home & Security during the fourth quarter valued at $32,000. Doyle Wealth Management purchased a new position in shares of Fortune Brands Home & Security in the 4th quarter worth about $33,000. Kinneret Advisory LLC purchased a new position in shares of Fortune Brands Home & Security in the 4th quarter worth about $68,000. Finally, Essex Savings Bank purchased a new position in shares of Fortune Brands Home & Security in the 4th quarter worth about $76,000. Institutional investors and hedge funds own 87.79% of the company’s stock.

Shares of FBHS stock traded up $0.02 during trading hours on Friday, reaching $49.13. 1,472,742 shares of the company traded hands, compared to its average volume of 1,434,362. Fortune Brands Home & Security Inc has a 12-month low of $35.27 and a 12-month high of $59.61. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of 0.83. The stock has a market cap of $6.92 billion, a P/E ratio of 14.71, a PEG ratio of 1.52 and a beta of 1.46.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, January 31st. The industrial products company reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.08). Fortune Brands Home & Security had a net margin of 7.10% and a return on equity of 21.91%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.46 billion. On average, equities research analysts expect that Fortune Brands Home & Security Inc will post 3.63 earnings per share for the current fiscal year.

In related news, VP Danny Luburic sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $46.96, for a total value of $93,920.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.63% of the stock is owned by insiders.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Barclays downgraded Fortune Brands Home & Security from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $45.00 to $44.00 in a research note on Thursday. ValuEngine upgraded Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 13th. Evercore ISI upgraded Fortune Brands Home & Security from an “in-line” rating to an “outperform” rating in a research note on Monday, January 7th. Finally, Loop Capital boosted their price target on Fortune Brands Home & Security to $44.00 and gave the company a “hold” rating in a research note on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.82.

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Fortune Brands Home & Security 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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