Allianz Asset Management AG lowered its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 24.6% during the fourth quarter, Holdings Channel reports. The firm owned 20,172 shares of the company’s stock after selling 6,566 shares during the period. Allianz Asset Management AG’s holdings in Fortune Brands Home & Security were worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Fortune Brands Home & Security by 4.7% in the second quarter. Royal Bank of Canada now owns 94,976 shares of the company’s stock valued at $5,506,000 after buying an additional 4,300 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Fortune Brands Home & Security by 3,550.0% in the second quarter. Macquarie Group Ltd. now owns 58,400 shares of the company’s stock valued at $3,386,000 after buying an additional 56,800 shares during the period. Gofen & Glossberg LLC IL boosted its stake in shares of Fortune Brands Home & Security by 4.8% in the third quarter. Gofen & Glossberg LLC IL now owns 6,007 shares of the company’s stock valued at $349,000 after buying an additional 275 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Fortune Brands Home & Security by 99.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 15,782 shares of the company’s stock valued at $917,000 after buying an additional 7,851 shares during the period. Finally, First Financial Bank N.A. Trust Division boosted its stake in shares of Fortune Brands Home & Security by 40.9% in the third quarter. First Financial Bank N.A. Trust Division now owns 64,153 shares of the company’s stock valued at $3,728,000 after buying an additional 18,628 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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

Fortune Brands Home & Security Inc (NYSE:FBHS) opened at 60.94 on Tuesday. Fortune Brands Home & Security Inc has a 12 month low of $52.05 and a 12 month high of $64.47. The firm has a 50-day moving average price of $57.69 and a 200 day moving average price of $56.52. The company has a market cap of $9.33 billion, a P/E ratio of 23.30 and a beta of 1.27.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. Fortune Brands Home & Security had a return on equity of 18.68% and a net margin of 8.18%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.54 earnings per share. Fortune Brands Home & Security’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts predict that Fortune Brands Home & Security Inc will post $3.03 EPS for the current year.

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Several analysts have recently issued reports on FBHS shares. KeyCorp cut Fortune Brands Home & Security to a “hold” rating in a report on Tuesday, November 22nd. Zelman & Associates upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a report on Monday, December 5th. Goldman Sachs Group Inc lowered Fortune Brands Home & Security from a “buy” rating to a “neutral” rating and decreased their price target for the company from $62.00 to $59.00 in a report on Monday, December 12th. Macquarie initiated coverage on Fortune Brands Home & Security in a report on Friday, December 16th. They set an “outperform” rating and a $65.00 price target on the stock. Finally, Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Monday, January 2nd. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Fortune Brands Home & Security presently has a consensus rating of “Buy” and an average price target of $63.69.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc is a holding company. The Company is a home and security products company with a portfolio of branded products used for residential home repair, remodeling, new construction and security applications. The Company operates through four segments: Cabinets, Plumbing, Doors and Security.

5 Day Chart for NYSE:FBHS

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