Fortune Brands Home & Security Inc (FBHS) : Anandar Capital Management Lp scooped up 30,600 additional shares in Fortune Brands Home & Security Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 146,500 shares of Fortune Brands Home & Security Inc which is valued at $8.1 Million.Fortune Brands Home & Security Inc makes up approximately 5.80% of Anandar Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Nicholas Co Inc Wi boosted its stake in FBHS in the latest quarter, The investment management firm added 1,130 additional shares and now holds a total of 206,310 shares of Fortune Brands Home & Security Inc which is valued at $11.4 Million. Fortune Brands Home & Security Inc makes up approx 0.23% of Nicholas Co Inc Wi’s portfolio.Blackrock Group Ltd reduced its stake in FBHS by selling 22,967 shares or 2.24% in the most recent quarter. The Hedge Fund company now holds 1,001,627 shares of FBHS which is valued at $55.5 Million. Fortune Brands Home & Security Inc makes up approx 0.03% of Blackrock Group Ltd’s portfolio. Mitchell Capital Management Co added FBHS to its portfolio by purchasing 81,910 company shares during the most recent quarter which is valued at $4.6 Million. Fortune Brands Home & Security Inc makes up approx 1.61% of Mitchell Capital Management Co’s portfolio. Moody Lynn Lieberson added FBHS to its portfolio by purchasing 6,810 company shares during the most recent quarter which is valued at $382,313. Fortune Brands Home & Security Inc makes up approx 0.06% of Moody Lynn Lieberson’s portfolio.
Fortune Brands Home & Security Inc opened for trading at $58.91 and hit $59.22 on the upside on Wednesday, eventually ending the session at $58.72, with a gain of 0.14% or 0.08 points. The heightened volatility saw the trading volume jump to 8,74,723 shares. Company has a market cap of $9,006 M.
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. Topeka Capital Markets Initiated Fortune Brands Home & Security Inc on May 24, 2016 to “Buy”, Price Target of the shares are set at $64.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. 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.