November 29, 2016 - By Clifton Ray · 0 Comments
Fortune Brands Home & Security Inc (NYSE:FBHS) institutional sentiment decreased to 1.13 in 2016 Q2. Its down -0.08, from 1.21 in 2016Q1. The ratio has dropped, as 200 institutional investors increased and opened new equity positions, while 165 sold and reduced stakes in Fortune Brands Home & Security Inc. The institutional investors in our partner’s database reported: 139.62 million shares, down from 141.63 million shares in 2016Q1. Also, the number of institutional investors holding Fortune Brands Home & Security Inc in their top 10 equity positions increased from 4 to 5 for an increase of 1. Sold All: 28 Reduced: 137 Increased: 138 New Position: 62.
Fortune Brands Home & Security, Inc
About 274,506 shares traded hands. Fortune Brands Home & Security Inc (NYSE:FBHS) has declined 2.09% since April 26, 2016 and is downtrending. It has underperformed by 7.35% the S&P500.
Analysts await Fortune Brands Home & Security Inc (NYSE:FBHS) to report earnings on February, 1. They expect $0.69 earnings per share, up 23.21% or $0.13 from last year’s $0.56 per share. FBHS’s profit will be $104.32M for 20.39 P/E if the $0.69 EPS becomes a reality. After $0.80 actual earnings per share reported by Fortune Brands Home & Security Inc for the previous quarter, Wall Street now forecasts -13.75% negative EPS growth.
According to Zacks Investment Research, “Fortune Brands Home & Security, Inc provides home and security products in the United States. It manufactures custom, semi-custom, and stock cabinetry for the kitchen, bath, and other parts. The Company is also engaged in manufacturing and selling fiberglass and steel entry door systems, vinyl-framed windows and patio doors and urethane millwork product lines under the Therma-Tru, Simonton, and Fypon brand names in the United States and Canada. Fortune Brand also provides locks, safety, and security devices and tool storage and garage organization products.”
Crystal Rock Capital Management holds 8.88% of its portfolio in Fortune Brands Home & Security Inc for 206,910 shares. Sg Capital Management Llc owns 339,144 shares or 4.83% of their US portfolio. Moreover, Banbury Partners Llc has 4.12% invested in the company for 193,768 shares. The Illinois-based Premier Asset Managment Llc has invested 3.77% in the stock. Greenwood Gearhart Inc, a Arkansas-based fund reported 99,336 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 3 selling transactions for $22.58 million net activity.
Ratings analysis reveals 69% of Fortune Brands Home & Security’s analysts are positive. Out of 16 Wall Street analysts rating Fortune Brands Home & Security, 11 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $49 while the high is $67. The stock’s average target of $60.18 is 6.95% above today’s ($56.27) share price. FBHS was included in 23 notes of analysts from July 24, 2015. Barclays Capital downgraded Fortune Brands Home & Security Inc (NYSE:FBHS) rating on Tuesday, October 13. Barclays Capital has “Equal-Weight” rating and $50 price target. The stock of Fortune Brands Home & Security Inc (NYSE:FBHS) earned “Neutral” rating by Citigroup on Thursday, September 1. The rating was initiated by Topeka Capital Markets with “Buy” on Tuesday, May 24. The rating was maintained by Barclays Capital with “Equalweight” on Thursday, April 7. Robert W. Baird maintained Fortune Brands Home & Security Inc (NYSE:FBHS) on Thursday, April 21 with “Outperform” rating. The firm has “Overweight” rating given on Thursday, September 17 by Wood. The stock of Fortune Brands Home & Security Inc (NYSE:FBHS) has “Buy” rating given on Tuesday, October 6 by Goldman Sachs. The firm earned “Neutral” rating on Tuesday, January 26 by Credit Suisse. On Thursday, September 29 the stock rating was initiated by Wells Fargo with “Outperform”. The stock has “Buy” rating given by Bank of America on Friday, September 23.
Fortune Brands Home & Security, Inc., incorporated on June 9, 1988, is a holding company. The Firm is a home and security products firm with a portfolio of branded products used for residential home repair, remodeling, new construction and security applications. The Firm operates through four divisions: Cabinets, Plumbing, Doors and Security. The Cabinets segment offers stock cabinetry, as well as vanities. The Plumbing segment offers faucets, accessories and kitchen sinks in North America and China. The Firm operates Global Plumbing Group (GPG) platform in its plumbing segment, which provides infrastructure to support a multi-brand, channel and geography plumbing business. The Doors segment provides fiberglass and steel entry door systems under the Therma-Tru brand and urethane millwork product lines under the Fypon brand. The Security segment provides a range of security and safety products under Master Lock and SentrySafe brands.
More news for Fortune Brands Home & Security Inc (NYSE:FBHS) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Fortune Brands Home & Security, NU Skin Enterprises and …” on August 22, 2016. Businesswire.com‘s article titled: “Fortune Brands Creates Global Plumbing Group (GPG) as a Foundation to …” and published on August 18, 2016 is yet another important article.
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By Clifton Ray