Bank of America Initiates Coverage on Fortune Brands Home & Security Inc to Buy

Bank of America Initiates Coverage on Fortune Brands Home & Security Inc(NYSE:FBHS). The shares have been rated Buy. The rating by Bank of America was issued on Sep 23, 2016.

In a different note, Citigroup said it Initiates Coverage on Fortune Brands Home & Security Inc, according to a research note issued on Sep 1, 2016. The shares have been rated ‘Neutral’ by the firm. On Jul 28, 2016, Jefferies said it Maintains its rating on Fortune Brands Home & Security Inc. In the research note, the firm Raises the price-target to $67.00 per share. The shares have been rated ‘Buy’ by the firm. Jefferies said it Initiates Coverage on Fortune Brands Home & Security Inc, according to a research note issued on Jul 6, 2016. The shares have been rated ‘Buy’ by the firm.

Fortune Brands Home & Security Inc (FBHS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.53% or 0.31 points. Due to strong positive momentum, the stock ended at $58.99, which is also near the day’s high of $59.23. The stock began the session at $58.53 and the volume stood at 14,65,434 shares. The 52-week high of the shares is $64.47 and the 52 week low is $44.19. The company has a current market capitalization of $9,079 M and it has 15,39,02,130 shares in outstanding.

Fortune Brands Home & Security Inc(FBHS) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.30B. Analysts had an estimated revenue of $1.32B. Earnings per share were $0.82. Analysts had estimated an EPS of $0.73.

Several Insider Transactions has been reported to the SEC. On Aug 8, 2016, Christopher J Klein (Chief Executive Officer) sold 150,000 shares at $63.55 per share price.Also, On Aug 1, 2016, David Randich (President MasterBrand Cabinets) sold 55,600 shares at $63.12 per share price.On Aug 1, 2016, E Lee Wyatt (SVP and CFO) sold 150,000 shares at $63.59 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Fortune Brands Home & Security Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Fortune Brands Home & Security Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.