Fortune Brands Home & Security, Inc

Cornelia Mascio
Ottobre 24, 2017

(NYSE FBHS) opened at 67.00 on Friday. (NYSE:FBHS) by 7.2% during the third quarter, according to its most recent filing with the SEC.

12/16/2016 - Macquarie began new coverage on Fortune Brands Home & Security, Inc. giving the company a "outperform" rating.

Fortune Brands Home & Security Inc (FBHS) formed double top with $69.01 target or 3.00% above today's $67.00 share price. Vanguard Group Inc. now owns 15,160,589 shares of the industrial products company's stock worth $989,078,000 after acquiring an additional 460,317 shares during the period. BlackRock Inc. grew its holdings in Fortune Brands Home & Security by 3.3% during the second quarter. Alps Advisors Inc. now owns 7,978 shares of the industrial products company's stock worth $520,000 after acquiring an additional 21 shares during the period.

12/12/2016 - Fortune Brands Home & Security, Inc. was downgraded to "neutral" by analysts at Goldman Sachs. The stock had a trading volume of 324,113 shares. AXA boosted its position in Fortune Brands Home & Security by 480.9% in the second quarter. Finally, BlackRock Advisors LLC boosted its position in Fortune Brands Home & Security by 715.4% in the second quarter. Mutual Of America Capital Management LLC augmented its holdings by buying 1,304 shares an increase of 4.8% as of 09/30/2017.

In related news, insider E Lee Wyatt sold 33,400 shares of Fortune Brands Home & Security stock in a transaction on Monday, September 18th. The stock was sold at an average price of $65.20, for a total value of $2,608,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CIBC Asset Management Inc cut its position in shares of Fortune Brands Home & Security Inc. The shares were sold at an average price of $62.78, for a total value of $3,766,800.00. The disclosure for this sale can be found here. Guggenheim Capital LLC now owns 827,443 shares of the company's stock valued at $47,967,000 after buying an additional 633,764 shares during the last quarter. The stock has "Neutral" rating by Citigroup on Thursday, September 1. "(FBHS) Scheduled to Post Earnings on Tuesday" was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another website, it was copied illegally and reposted in violation of US and global copyright law. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/22/fortune-brands-home-security-inc-fbhs-position-lifted-by-toronto-dominion-bank.html.

A number of research analysts have recently commented on FBHS shares. Vermont-based Manchester Ltd has invested 0% in Fortune Brands Home & Security Inc (NYSE:FBHS). The firm's 50-day moving average is $65.36 and its 200 day moving average is $64.32.

Traders are feeling more bearish on shares of Fortune Brands Home & Security, of late considering the uptick in short interest. The stock's market capitalization is 10.32B, it has a 52-week low of 52.05 and a 52-week high of 67.77. RBC Capital Markets maintained Fortune Brands Home & Security Inc (NYSE:FBHS) rating on Sunday, August 20. The company's quarterly EPS surprised Wall Street by as much as 6% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. Revenue during the quarter was $1.37 billion, representing 5% growth from $1.3 billion in year-ago quarter. During the same quarter in the previous year, the business earned $0.82 EPS. The company's quarterly revenue was up 5.2% compared to the same quarter a year ago. During the same quarter past year, the firm posted $0.82 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, November 22nd. Pcj Invest Counsel Limited has invested 0.1% in Fortune Brands Home & Security Inc (NYSE:FBHS). Zacks Investment Research raised Fortune Brands Home & Security from a "hold" rating to a "buy" rating and set a $59.00 price objective on the stock in a research note on Tuesday, October 25th. Royal Bank Of Canada reduced their target price on Fortune Brands Home & Security from $70.00 to $66.00 and set an "outperform" rating on the stock in a report on Thursday, October 27th. Finally, Longbow Research raised shares of Fortune Brands Home & Security from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research note on Tuesday, July 4th. The stock presently has an average rating of "Hold" and an average price target of $68.75. Exane Derivatives invested 0% of its portfolio in Fortune Brands Home & Security Inc (NYSE:FBHS). The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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