It Seems Fortune Brands Home & Security Inc (NYSE:FBHS) Will Go Down. Just Reported More Shorted Shares

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Investors sentiment decreased to 0.85 in Q1 2018. Its down 0.56, from 1.41 in 2017Q4. It turned negative, as 47 investors sold Fortune Brands Home & Security, Inc. shares while 162 reduced holdings. 50 funds opened positions while 128 raised stakes. 120.01 million shares or 5.56% less from 127.08 million shares in 2017Q4 were reported.
Kentucky Retirement Systems Fund accumulated 3,479 shares. Earnest Partners Ltd Liability Corporation reported 0% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Meiji Yasuda Life Com owns 5,800 shares. Gsa Prtnrs Llp reported 51,649 shares or 0.16% of all its holdings. Landscape Management Limited Liability Co, a New Jersey-based fund reported 71,238 shares. 1,600 were reported by Carroll Finance. Cubist Systematic Strategies stated it has 30,406 shares or 0.1% of all its holdings. Moreover, M&R Capital Management has 0.01% invested in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Intl Group Incorporated holds 0.01% or 50,468 shares. Alps Advisors invested in 7,685 shares or 0% of the stock. 1832 Asset Management Lp invested in 0.01% or 37,200 shares. Parallax Volatility Advisers L P holds 0% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS) for 180 shares. Gideon Cap Advisors Incorporated holds 12,515 shares. Caisse De Depot Et Placement Du Quebec holds 0% or 15,940 shares. 3,235 are owned by Federated Invsts Inc Pa.

Since January 5, 2018, it had 0 insider purchases, and 2 selling transactions for $644,647 activity.

The stock of Fortune Brands Home & Security Inc (NYSE:FBHS) registered an increase of 16.36% in short interest. FBHS’s total short interest was 4.52 million shares in July as published by FINRA. Its up 16.36% from 3.89M shares, reported previously. With 2.08 million shares average volume, it will take short sellers 2 days to cover their FBHS’s short positions. The short interest to Fortune Brands Home & Security Inc’s float is 2.99%.

The stock increased 0.84% or $0.45 during the last trading session, reaching $53.83. About 95,745 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.

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 $7.86 billion. It operates in four divisions: Cabinets, Plumbing, Doors, and Security. It has a 17.77 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) Ratings Coverage

Among 10 analysts covering Fortune Brands (NYSE:FBHS), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Fortune Brands has $84.0 highest and $6200 lowest target. $70.44’s average target is 30.86% above currents $53.83 stock price. Fortune Brands had 14 analyst reports since January 17, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Monday, May 14 by Bank of America. Jefferies maintained the shares of FBHS in report on Wednesday, January 17 with “Buy” rating. The firm earned “Buy” rating on Friday, February 2 by Jefferies. J.P. Morgan maintained Fortune Brands Home & Security, Inc. (NYSE:FBHS) rating on Monday, June 25. J.P. Morgan has “Buy” rating and $7300 target. Citigroup maintained the shares of FBHS in report on Monday, April 30 with “Neutral” rating. On Friday, April 27 the stock rating was maintained by Credit Suisse with “Outperform”. As per Thursday, April 19, the company rating was maintained by Robert W. Baird. Robert W. Baird maintained the shares of FBHS in report on Thursday, February 1 with “Buy” rating. Credit Suisse maintained the stock with “Buy” rating in Monday, January 22 report. The firm earned “Equal-Weight” rating on Friday, April 27 by Barclays Capital.

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

By1 Richard Conner

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