Premier Asset Managment Lowers stake in Fortune Brands Home & Security Inc (FBHS)

Fortune Brands Home & Security Inc (FBHS) : Premier Asset Managment reduced its stake in Fortune Brands Home & Security Inc by 1.53% during the most recent quarter end. The investment management company now holds a total of 258,370 shares of Fortune Brands Home & Security Inc which is valued at $14,755,511 after selling 4,025 shares in Fortune Brands Home & Security Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Fortune Brands Home & Security Inc makes up approximately 3.75% of Premier Asset Managment’s portfolio.

Fortune Brands Home & Security Inc closed down -0.84 points or -1.45% at $57.11 with 17,74,556 shares getting traded on Friday. Post opening the session at $57.81, the shares hit an intraday low of $56.92 and an intraday high of $58.09 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Central Trust Co reduced its stake in FBHS by selling 580 shares or 8.5% in the most recent quarter. The Hedge Fund company now holds 6,241 shares of FBHS which is valued at $365,598. Fortune Brands Home & Security Inc makes up approx 0.03% of Central Trust Co’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in FBHS in the latest quarter, The investment management firm added 8,027 additional shares and now holds a total of 40,999 shares of Fortune Brands Home & Security Inc which is valued at $2,337,353. Fortune Brands Home & Security Inc makes up approx 0.47% of First Financial Bank N.a. – Trust Division’s portfolio.Weaver C. Barksdale Associates boosted its stake in FBHS in the latest quarter, The investment management firm added 44 additional shares and now holds a total of 358 shares of Fortune Brands Home & Security Inc which is valued at $20,410. Fortune Brands Home & Security Inc makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Fortune Brands Home & Security Inc reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.34. The company had revenue of $1106.50 million for the quarter, compared to analysts expectations of $1103.56 million. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Fortune Brands Home & Security Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $62 .Fortune Brands Home & Security Inc was Downgraded by Credit Suisse to ” Neutral” on Jan 26, 2016.

Fortune Brands Home & Security Inc. is a holding company. The Company through its subsidiaries engaged in manufacture and sale of home and security products. The Company operates through four business segments: Cabinets Plumbing Doors and Security. The Cabinets segment provides cabinetry as well as vanities for the kitchen bath and other parts of the home through a regional supply chain footprint in North America. The Plumbing segment manufactures or assembles and sells faucets accessories and kitchen sinks in North America and China predominantly under the Moen brand. The Doors segment offers fiberglass and steel entry door systems under the Therma-Tru brand and urethane millwork product lines under the Fypon brand. The Security segment’s products consist of locks safety and security devices manufactured sourced and distributed under the Master Lock brand and fire resistant safes and commercial cabinets manufactured sourced and distributed under the SentrySafe brand.

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