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Cape Cod Five Cents Savings Bank Continues to Hold Position in Fortune Brands Home & Security Inc (FBHS)
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Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FBHS. BLB&B Advisors LLC acquired a new stake in shares of Fortune Brands Home & Security during the first quarter worth approximately $215,000. Private Trust Co. NA acquired a new stake in shares of Fortune Brands Home & Security during the first quarter worth approximately $468,000. Gulf International Bank UK Ltd raised its stake in shares of Fortune Brands Home & Security by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 48,700 shares of the industrial products company’s stock worth $2,963,000 after buying an additional 700 shares in the last quarter. Boltwood Capital Management acquired a new stake in shares of Fortune Brands Home & Security during the first quarter worth approximately $203,000. Finally, Swarthmore Group Inc. raised its stake in shares of Fortune Brands Home & Security by 9.8% in the first quarter. Swarthmore Group Inc. now owns 312,000 shares of the industrial products company’s stock worth $18,985,000 after buying an additional 27,975 shares in the last quarter. Institutional investors own 85.56% of the company’s stock.
Fortune Brands Home & Security Inc (NYSE:FBHS) opened at 66.76 on Wednesday. Fortune Brands Home & Security Inc has a 1-year low of $52.05 and a 1-year high of $67.50. The company has a 50 day moving average of $64.96 and a 200 day moving average of $60.87. The firm has a market capitalization of $10.27 billion, a P/E ratio of 24.36 and a beta of 1.39.
Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, April 26th. The industrial products company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. Fortune Brands Home & Security had a return on equity of 12.96% and a net margin of 6.52%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that Fortune Brands Home & Security Inc will post $3.10 earnings per share for the current year.
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A number of brokerages have recently commented on FBHS. Jefferies Group LLC reissued a “buy” rating and issued a $76.00 price objective on shares of Fortune Brands Home & Security in a research report on Friday, July 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price target on shares of Fortune Brands Home & Security in a research report on Tuesday. Wells Fargo & Company lowered shares of Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, June 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 target on the stock in a research report on Tuesday, July 4th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $67.50.
In other Fortune Brands Home & Security news, VP Danny Luburic sold 3,700 shares of Fortune Brands Home & Security stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $63.00, for a total transaction of $233,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Klein sold 55,000 shares of Fortune Brands Home & Security stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $64.91, for a total value of $3,570,050.00. The disclosure for this sale can be found here. Insiders sold a total of 229,611 shares of company stock worth $14,626,719 over the last 90 days. 1.61% of the stock is currently owned by company insiders.
About Fortune Brands Home & Security
Fortune Brands Home & Security, Inc is a holding company. 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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