Marketfield Asset Management adds Fortune Brands Home & Security Inc (FBHS) to its portfolio

Fortune Brands Home & Security Inc (FBHS) : Marketfield Asset Management added new position in Fortune Brands Home & Security Inc during the most recent quarter end. The investment management firm now holds 274,400 shares of Fortune Brands Home & Security Inc which is valued at $17,531,416 , the company said in a statement filed on Aug 15, 2016 with the SEC.Fortune Brands Home & Security Inc makes up approximately 2.16% of Marketfield Asset Management’s portfolio.

Other Hedge Funds, Including , Putnam Investments boosted its stake in FBHS in the latest quarter, The investment management firm added 324,656 additional shares and now holds a total of 1,443,638 shares of Fortune Brands Home & Security Inc which is valued at $92,234,032. Fortune Brands Home & Security Inc makes up approx 0.22% of Putnam Investments’s portfolio.Bronfman E.l. Rothschild boosted its stake in FBHS in the latest quarter, The investment management firm added 1,429 additional shares and now holds a total of 3,098 shares of Fortune Brands Home & Security Inc which is valued at $197,931. Fortune Brands Home & Security Inc makes up approx 0.03% of Bronfman E.l. Rothschild’s portfolio.S. Muoio reduced its stake in FBHS by selling 2,000 shares or 13.03% in the most recent quarter. The Hedge Fund company now holds 13,347 shares of FBHS which is valued at $852,740. Fortune Brands Home & Security Inc makes up approx 0.43% of S. Muoio’s portfolio. Proficio Capital Partners sold out all of its stake in FBHS during the most recent quarter. The investment firm sold 27 shares of FBHS which is valued $1,708.

Fortune Brands Home & Security Inc closed down -0.48 points or -0.76% at $62.52 with 960,444 shares getting traded on Wednesday. Post opening the session at $62.74, the shares hit an intraday low of $62.2 and an intraday high of $63.08 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Fortune Brands Home & Security Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.73. The company had revenue of $1298.00 million for the quarter, compared to analysts expectations of $1322.54 million. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Fortune Brands Home & Security Inc. Citigroup Initiated Fortune Brands Home & Security Inc on Sep 1, 2016 to “Neutral”, Price Target of the shares are set at $65.Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 from a previous price target of $65 .Jefferies Initiated Fortune Brands Home & Security Inc on Jul 6, 2016 to “Buy”, Price Target of the shares are set at $67.

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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