Fortune Brands Home & Security Inc (NYSE:FBHS) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 4,559,000 shares, a decline of 8.7% from the June 15th total of 4,995,600 shares. Based on an average daily volume of 1,440,000 shares, the short-interest ratio is currently 3.2 days. Currently, 3.3% of the shares of the company are sold short.

In related news, SVP Brian C. Lantz sold 3,055 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $53.48, for a total transaction of $163,381.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $56.74, for a total transaction of $283,700.00. Following the transaction, the director now owns 11,589 shares of the company’s stock, valued at $657,559.86. The disclosure for this sale can be found here. Insiders own 1.63% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Swiss National Bank raised its position in shares of Fortune Brands Home & Security by 1.5% in the first quarter. Swiss National Bank now owns 472,900 shares of the industrial products company’s stock worth $22,515,000 after acquiring an additional 7,100 shares during the period. FMR LLC increased its stake in shares of Fortune Brands Home & Security by 3.8% during the first quarter. FMR LLC now owns 3,117,381 shares of the industrial products company’s stock worth $148,419,000 after purchasing an additional 114,490 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Fortune Brands Home & Security during the first quarter worth about $248,000. Arvest Bank Trust Division increased its stake in shares of Fortune Brands Home & Security by 65.2% during the first quarter. Arvest Bank Trust Division now owns 341,032 shares of the industrial products company’s stock worth $16,237,000 after purchasing an additional 134,542 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Fortune Brands Home & Security by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock worth $72,834,000 after purchasing an additional 131,460 shares in the last quarter. Institutional investors and hedge funds own 87.52% of the company’s stock.

Shares of Fortune Brands Home & Security stock traded up $0.90 during trading hours on Tuesday, reaching $55.75. The stock had a trading volume of 27,998 shares, compared to its average volume of 1,138,972. The company’s 50 day simple moving average is $55.15. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.65 and a beta of 1.56. Fortune Brands Home & Security has a twelve month low of $35.27 and a twelve month high of $58.21. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 1.03.

A number of research analysts recently issued reports on the stock. TheStreet downgraded shares of The Providence Service from a “b-” rating to a “c+” rating in a research report on Friday, June 28th. ValuEngine downgraded shares of China Southern Airlines from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. SunTrust Banks restated a “hold” rating and set a $44.00 target price on shares of Shutterstock in a research report on Thursday, April 25th. Royal Bank of Canada reiterated a “sell” rating and issued a $7.50 price objective on shares of Deutsche Bank in a research report on Thursday, April 25th. Finally, Loop Capital downgraded shares of Ryder System from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $70.00 to $62.00 in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $54.90.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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