Fortune Brands Home & Security Inc Institutional Investor Sentiment Worsened in Q1 2018

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

Sentiment for Fortune Brands Home & Security Inc (NYSE:FBHS)

Fortune Brands Home & Security Inc (NYSE:FBHS) institutional sentiment decreased to 0.85 in 2018 Q1. Its down -0.56, from 1.41 in 2017Q4. The ratio worsened, as 178 hedge funds increased or started new positions, while 209 trimmed and sold equity positions in Fortune Brands Home & Security Inc. The hedge funds in our partner’s database now hold: 120.01 million shares, down from 127.08 million shares in 2017Q4. Also, the number of hedge funds holding Fortune Brands Home & Security Inc in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 47 Reduced: 162 Increased: 128 New Position: 50.

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 $7.85 billion. It operates in four divisions: Cabinets, Plumbing, Doors, and Security. It has a 17.76 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.

The stock increased 0.79% or $0.42 during the last trading session, reaching $53.8. About 29,056 shares traded. Fortune Brands Home & Security, Inc. (NYSE:FBHS) has declined 8.98% since July 3, 2017 and is downtrending. It has underperformed by 21.55% the S&P500.

Analysts await Fortune Brands Home & Security, Inc. (NYSE:FBHS) to report earnings on August, 1. They expect $1.04 earnings per share, up 13.04 % or $0.12 from last year’s $0.92 per share. FBHS’s profit will be $151.77 million for 12.93 P/E if the $1.04 EPS becomes a reality. After $0.56 actual earnings per share reported by Fortune Brands Home & Security, Inc. for the previous quarter, Wall Street now forecasts 85.71 % EPS growth.

Incline Global Management Llc holds 3.58% of its portfolio in Fortune Brands Home & Security, Inc. for 1.12 million shares. Premier Asset Management Llc owns 210,850 shares or 2.78% of their US portfolio. Moreover, Crystal Rock Capital Management has 2.61% invested in the company for 63,521 shares. The Louisiana-based Waters Parkerson & Co. Llc has invested 2.1% in the stock. Greenwood Gearhart Inc, a Arkansas-based fund reported 114,909 shares.

Since January 1, 0001, it had 0 insider purchases, and 2 insider sales for $644,647 activity.

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

Ratings analysis reveals 60% of Fortune Brands’s analysts are positive. Out of 10 Wall Street analysts rating Fortune Brands, 6 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $6200 while the high is $84.0. The stock’s average target of $70.44 is 30.93% above today’s ($53.8) share price. FBHS was included in 14 notes of analysts from January 17, 2018. The firm has “Buy” rating given on Monday, January 22 by Credit Suisse. Robert W. Baird maintained Fortune Brands Home & Security, Inc. (NYSE:FBHS) on Thursday, April 19 with “Buy” rating. The rating was maintained by Credit Suisse on Friday, April 27 with “Outperform”. The stock has “Buy” rating by Jefferies on Wednesday, January 17. The rating was maintained by Jefferies on Friday, February 2 with “Buy”. Citigroup maintained it with “Neutral” rating and $64 target in Monday, April 30 report. The rating was maintained by Barclays Capital on Friday, February 2 with “Equal-Weight”. Gabelli upgraded the stock to “Buy” rating in Monday, February 12 report. The rating was maintained by J.P. Morgan with “Buy” on Monday, June 25. Nomura maintained Fortune Brands Home & Security, Inc. (NYSE:FBHS) rating on Friday, February 2. Nomura has “Neutral” rating and $74 target.

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

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