Insight 2811 Lowers stake in Fortune Brands Home & Security Inc (FBHS)

Fortune Brands Home & Security Inc (FBHS) : Insight 2811 reduced its stake in Fortune Brands Home & Security Inc by 15.69% during the most recent quarter end. The investment management company now holds a total of 32,234 shares of Fortune Brands Home & Security Inc which is valued at $2,059,430 after selling 6,000 shares in Fortune Brands Home & Security Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Fortune Brands Home & Security Inc makes up approximately 0.80% of Insight 2811’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in FBHS in the latest quarter, The investment management firm added 280,776 additional shares and now holds a total of 1,233,260 shares of Fortune Brands Home & Security Inc which is valued at $78,792,981. Fortune Brands Home & Security Inc makes up approx 0.04% of Geode Capital Management’s portfolio.Victory Capital Management Inc reduced its stake in FBHS by selling 219,842 shares or 11.37% in the most recent quarter. The Hedge Fund company now holds 1,714,089 shares of FBHS which is valued at $109,770,260. Fortune Brands Home & Security Inc makes up approx 0.43% of Victory Capital Management Inc’s portfolio.

Fortune Brands Home & Security Inc opened for trading at $63.49 and hit $64.06 on the upside on Monday, eventually ending the session at $63.83, with a gain of 0.68% or 0.43 points. The heightened volatility saw the trading volume jump to 4,93,060 shares. Company has a market cap of $9,824 M.

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. 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.Topeka Capital Markets Initiated Fortune Brands Home & Security Inc on May 24, 2016 to “Buy”, Price Target of the shares are set at $64.

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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