Today Fortune Brands Home & Security, Inc. (FBHS) Stock Reaches 52 Week Low

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Fortune Brands Home & Security, Inc. (NYSE:FBHS) Logo
Fortune Brands Home & Security, Inc. (NYSE:FBHS) Logo

Investors sentiment increased to 1.41 in 2017 Q4. Its up 0.43, from 0.98 in 2017Q3. It is positive, as 18 investors sold Fortune Brands Home & Security, Inc. shares while 136 reduced holdings. 72 funds opened positions while 145 raised stakes. 127.08 million shares or 1.89% more from 124.72 million shares in 2017Q3 were reported.
Verition Fund Mgmt Limited Liability reported 22,769 shares or 0.14% of all its holdings. Proshare Lc invested 0.03% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). State Board Of Administration Of Florida Retirement Systems has invested 0.04% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Pensionfund Dsm Netherlands invested 0.42% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Voya Management Limited Liability Com owns 0.08% invested in Fortune Brands Home & Security, Inc. (NYSE:FBHS) for 535,637 shares. Barclays Public Limited Liability owns 393,475 shares. Massachusetts-based Rhumbline Advisers has invested 0.04% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Hanson Mcclain holds 0% or 353 shares in its portfolio. Jefferies Ltd Com invested in 0.01% or 26,152 shares. 114,063 are owned by M&T Bank & Trust Corp. Captrust Fincl Advsr stated it has 1,780 shares. Hartford Inv Mgmt Communication owns 32,015 shares or 0.04% of their US portfolio. Schroder Inv Mngmt stated it has 0.16% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Advisor Limited Co, California-based fund reported 5,369 shares. Gabelli Funds Ltd Com accumulated 0.21% or 531,000 shares.

Since October 27, 2017, it had 0 insider purchases, and 3 insider sales for $6.35 million activity. 85,000 shares were sold by KLEIN CHRISTOPHER J, worth $5.71 million on Friday, October 27.

The stock of Fortune Brands Home & Security, Inc. (NYSE:FBHS) hit a new 52-week low and has $54.44 target or 5.00 % below today’s $57.31 share price. The 9 months bearish chart indicates high risk for the $8.48 billion company. The 1-year low was reported on Apr, 23 by Barchart.com. If the $54.44 price target is reached, the company will be worth $424.15 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 0.37% or $0.21 during the last trading session, reaching $57.31. About 1.36M shares traded. Fortune Brands Home & Security, Inc. (NYSE:FBHS) has declined 3.33% since April 23, 2017 and is downtrending. It has underperformed by 14.88% the S&P500.

Analysts await Fortune Brands Home & Security, Inc. (NYSE:FBHS) to report earnings on April, 26 after the close. They expect $0.59 EPS, up 11.32 % or $0.06 from last year’s $0.53 per share. FBHS’s profit will be $87.33M for 24.28 P/E if the $0.59 EPS becomes a reality. After $0.80 actual EPS reported by Fortune Brands Home & Security, Inc. for the previous quarter, Wall Street now forecasts -26.25 % negative EPS growth.

Fortune Brands Home & Security, Inc. (NYSE:FBHS) Ratings Coverage

Among 11 analysts covering Fortune Brands (NYSE:FBHS), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Fortune Brands had 15 analyst reports since October 24, 2017 according to SRatingsIntel. Nomura maintained the stock with “Neutral” rating in Friday, February 2 report. Robert W. Baird maintained it with “Buy” rating and $75.0 target in Thursday, February 1 report. The company was maintained on Thursday, April 19 by Robert W. Baird. JP Morgan maintained Fortune Brands Home & Security, Inc. (NYSE:FBHS) rating on Monday, October 30. JP Morgan has “Overweight” rating and $78 target. Jefferies maintained the shares of FBHS in report on Wednesday, January 17 with “Buy” rating. The stock of Fortune Brands Home & Security, Inc. (NYSE:FBHS) has “Outperform” rating given on Thursday, October 26 by Credit Suisse. The stock has “Buy” rating by Robert W. Baird on Tuesday, October 24. The stock of Fortune Brands Home & Security, Inc. (NYSE:FBHS) earned “Buy” rating by RBC Capital Markets on Monday, November 13. The company was maintained on Friday, October 27 by Citigroup. The stock of Fortune Brands Home & Security, Inc. (NYSE:FBHS) earned “Buy” rating by Gabelli on Monday, February 12.

Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, and security applications. The company has market cap of $8.48 billion. It operates in four divisions: Cabinets, Plumbing, Doors, and Security. It has a 18.9 P/E ratio. The Cabinets segment makes 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.

Fortune Brands Home & Security, Inc. (NYSE:FBHS) Institutional Positions Chart
Fortune Brands Home & Security, Inc. (NYSE:FBHS) Institutional Positions Chart

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