Fortune Brands Home & Security Inc (FBHS) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 65 from a previous price target of $62 . RBC Capital Mkts advised their investors in a research report released on Apr 21, 2016.
Many Wall Street Analysts have commented on Fortune Brands Home & Security Inc. Fortune Brands Home & Security Inc was Downgraded by Credit Suisse to ” Neutral” on Jan 26, 2016.
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.
Fortune Brands Home & Security Inc opened for trading at $58.49 and hit $59.2 on the upside on Monday, eventually ending the session at $59.19, with a gain of 1.04% or 0.61 points. The heightened volatility saw the trading volume jump to 9,61,538 shares. Company has a market cap of $9,328 M.
In a different news, on Apr 4, 2016, A D David Mackay (director) sold 20,000 shares at $55.71 per share price. According to the SEC, on Mar 7, 2016, E Lee Wyatt (SVP and CFO) sold 31,176 shares at $52.00 per share price. On Feb 22, 2016, David Randich (President MasterBrand Cabinets) sold 75,000 shares at $50.21 per share price, according to the Form-4 filing with the securities and exchange commission.
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.