Is Fortune Brands Home & Security, Inc. (FBHS)’s Fuel Running High? The Stock Formed Bullish Descending Triangle Pattern

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Investors sentiment decreased to 0.85 in 2018 Q1. Its down 0.56, from 1.41 in 2017Q4. It is 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.
Meiji Yasuda Life Insurance Co has invested 0.05% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Barrett Asset Management Ltd Limited Liability Company invested in 3,000 shares. Tci Wealth has 13 shares for 0% of their portfolio. Nomura Holdings Inc holds 33,742 shares or 0% of its portfolio. Virginia-based Quantitative Mngmt Lc has invested 0.1% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Dupont Cap owns 106,203 shares. Art Advisors Limited Liability Company has 0.04% invested in Fortune Brands Home & Security, Inc. (NYSE:FBHS). New York-based Tiaa Cref Invest Mngmt Limited Liability Com has invested 0.02% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Moreover, Etrade Mngmt Lc has 0.02% invested in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Salem Counselors holds 0.02% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS) for 2,629 shares. Thompson Davis And owns 1,017 shares for 0.16% of their portfolio. Tdam Usa has 0.31% invested in Fortune Brands Home & Security, Inc. (NYSE:FBHS) for 87,222 shares. Neuberger Berman Gru Ltd Liability Com holds 0% or 8,669 shares in its portfolio. Adage Capital Prtn Ltd Llc stated it has 712,069 shares or 0.1% of all its holdings. Synovus accumulated 1,440 shares.

Since April 2, 2018, it had 0 buys, and 1 sale for $287,147 activity.

The stock of Fortune Brands Home & Security, Inc. (FBHS) formed a descending triangle with $57.14 target or 4.00 % above today’s $54.94 share price. The 6 months triangle pattern indicates low risk for the $7.83B company. If the $57.14 price target is reached, the company will be worth $313.00 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 0.22% or $0.12 during the last trading session, reaching $54.94. About 277,719 shares traded. Fortune Brands Home & Security, Inc. (NYSE:FBHS) has declined 8.98% since August 28, 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 October, 24. They expect $1.06 earnings per share, up 27.71 % or $0.23 from last year’s $0.83 per share. FBHS’s profit will be $150.97M for 12.96 P/E if the $1.06 EPS becomes a reality. After $1.00 actual earnings per share reported by Fortune Brands Home & Security, Inc. for the previous quarter, Wall Street now forecasts 6.00 % EPS growth.

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

Among 7 analysts covering Fortune Brands Home (NYSE:FBHS), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Fortune Brands Home had 8 analyst reports since March 2, 2018 according to SRatingsIntel. The firm has “Buy” rating by J.P. Morgan given on Monday, June 25. Bank of America downgraded the shares of FBHS in report on Monday, May 14 to “Hold” rating. On Friday, August 10 the stock rating was downgraded by Bank of America to “Underperform”. The firm earned “Neutral” rating on Monday, April 30 by Citigroup. Credit Suisse maintained Fortune Brands Home & Security, Inc. (NYSE:FBHS) rating on Friday, April 27. Credit Suisse has “Outperform” rating and $67 target. As per Friday, April 27, the company rating was maintained by Barclays Capital. Robert W. Baird maintained it with “Buy” rating and $7400 target in Thursday, April 19 report.

More recent Fortune Brands Home & Security, Inc. (NYSE:FBHS) news were published by: Streetinsider.com which released: “Fortune Brands Home & Security (FBHS) to Acquire Fiberon for $470 Million” on August 23, 2018. Also Themiddlemarket.com published the news titled: “M&A wrap: Fiberon, Fortune Brands, ModoPayments, CD&R” on August 24, 2018. Benzinga.com‘s news article titled: “Fortune Brands Downgraded By BofA On Cautious View For Building Products Stocks” with publication date: August 10, 2018 was also an interesting one.

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 $7.83 billion. It operates in four divisions: Cabinets, Plumbing, Doors, and Security. It has a 18.1 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.

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