Could Fortune Brands Home & Security Inc (FBHS) Change Direction After Making 52-Week High?

September 30, 2017 – By Marguerite Chambers

Investors sentiment increased to 1.11 in 2017 Q2. Its up 0.16, from 0.95 in 2017Q1. It is positive, as 34 investors sold Fortune Brands Home & Security Inc shares while 142 reduced holdings. 61 funds opened positions while 135 raised stakes. 133.18 million shares or 3.09% more from 129.19 million shares in 2017Q1 were reported.
Whittier Of Nevada invested 0% in Fortune Brands Home & Security Inc (NYSE:FBHS). Davenport & Limited Liability Corp owns 6,766 shares. Nationwide Fund Advsr holds 0.09% in Fortune Brands Home & Security Inc (NYSE:FBHS) or 325,979 shares. First Bancshares stated it has 0.87% in Fortune Brands Home & Security Inc (NYSE:FBHS). Sumitomo Mitsui Asset Mgmt Limited reported 12,110 shares. Cullinan Associates invested in 0.02% or 3,200 shares. Oppenheimer Asset Management holds 0% of its portfolio in Fortune Brands Home & Security Inc (NYSE:FBHS) for 19 shares. First Tru Advsrs Limited Partnership has 210,306 shares for 0.04% of their portfolio. Crystal Rock Mngmt reported 3.62% of its portfolio in Fortune Brands Home & Security Inc (NYSE:FBHS). Friess Ltd Limited Liability Company has 1.57% invested in Fortune Brands Home & Security Inc (NYSE:FBHS) for 265,000 shares. Duncker Streett invested 0.04% in Fortune Brands Home & Security Inc (NYSE:FBHS). Captrust Fincl has invested 0.01% in Fortune Brands Home & Security Inc (NYSE:FBHS). Millennium Mngmt Limited Liability Com invested in 0% or 6,424 shares. Aqr Management Limited Liability Company stated it has 0.04% in Fortune Brands Home & Security Inc (NYSE:FBHS). Spark Mngmt owns 82,700 shares.

Since April 28, 2017, it had 0 insider buys, and 6 selling transactions for $15.84 million activity. 3,700 shares were sold by Luburic Danny, worth $233,104. Another trade for 18,202 shares valued at $1.14 million was sold by WESLEY NORMAN H. $4.62M worth of Fortune Brands Home & Security Inc (NYSE:FBHS) was sold by Randich David on Friday, April 28. KLEIN CHRISTOPHER J had sold 75,000 shares worth $4.79M on Friday, April 28. WYATT E LEE also sold $2.54M worth of Fortune Brands Home & Security Inc (NYSE:FBHS) shares.

The stock of Fortune Brands Home & Security Inc (NYSE:FBHS) hit a new 52-week high and has $69.25 target or 3.00 % above today’s $67.23 share price. The 9 months bullish chart indicates low risk for the $10.35B company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $69.25 price target is reached, the company will be worth $310.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.03% or $0.02 on September 29, reaching $67.23. About 967,654 shares traded or 16.67% up from the average. Fortune Brands Home & Security Inc (NYSE:FBHS) has risen 11.70% since September 30, 2016 and is uptrending. It has underperformed by 5.00% the S&P500.

Analysts expect Fortune Brands Home & Security Inc (NYSE:FBHS) to report $0.83 EPS on October, 25.They anticipate $0.03 EPS change or 3.75 % from last quarter’s $0.8 EPS. FBHS’s profit would be $127.78 million giving it 20.25 P/E if the $0.83 EPS is correct. After having $0.92 EPS previously, Fortune Brands Home & Security Inc’s analysts see -9.78 % EPS growth.

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

Among 18 analysts covering Fortune Brands Home & Security (NYSE:FBHS), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Fortune Brands Home & Security had 41 analyst reports since July 24, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of FBHS in report on Monday, May 1 with “Hold” rating. The company was maintained on Tuesday, August 22 by Jefferies. The firm earned “Buy” rating on Tuesday, May 24 by Topeka Capital Markets. The firm has “Outperform” rating by Robert W. Baird given on Thursday, April 21. Bank of America initiated the shares of FBHS in report on Friday, September 23 with “Buy” rating. On Thursday, December 10 the stock rating was maintained by RBC Capital Markets with “Outperform”. As per Thursday, September 29, the company rating was initiated by Wells Fargo. The stock of Fortune Brands Home & Security Inc (NYSE:FBHS) earned “Neutral” rating by Credit Suisse on Tuesday, January 26. On Wednesday, July 19 the stock rating was downgraded by Wells Fargo to “Hold”. The rating was maintained by KeyBanc Capital Markets on Tuesday, September 19 with “Hold”.

More notable recent Fortune Brands Home & Security Inc (NYSE:FBHS) news were published by: Blogs.Wsj.com which released: “CFO Moves: Fortune Brands Home & Security, SAP, Mobio Technologies …” on February 01, 2017, also Nasdaq.com with their article: “Fortune Brands Home & Security, Inc. (FBHS) Ex-Dividend Date Scheduled for …” published on May 23, 2017, Seekingalpha.com published: “Fortune Brands: Despite Valuation, A Solid Choice For Investors” on August 24, 2017. More interesting news about Fortune Brands Home & Security Inc (NYSE:FBHS) were released by: Seekingalpha.com and their article: “Fortune Brands Home & Security’s (FBHS) CEO Chris Klein on Q1 2017 Results …” published on April 26, 2017 as well as Nasdaq.com‘s news article titled: “Why Is Fortune Brands (FBHS) Down 2.7% Since the Last Earnings Report?” with publication date: August 09, 2017.

Fortune Brands Home & Security, Inc

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