Could Fortune Brands Home & Security, Inc. (FBHS) Gain Strenght After Forming Bullish Descending Triangle?

August 18, 2018 - By Pearl Odom

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

Investors sentiment decreased to 0.85 in 2018 Q1. Its down 0.56, from 1.41 in 2017Q4. It worsened, 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.
Liberty Mutual Gp Asset Mngmt holds 6,138 shares or 0.01% of its portfolio. First Republic Invest holds 0% or 7,263 shares in its portfolio. Arrow Corporation holds 400 shares or 0.01% of its portfolio. Srb Corp reported 3,273 shares or 0.02% of all its holdings. Ferguson Wellman Mgmt stated it has 0.01% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Meiji Yasuda Life Insurance invested in 5,800 shares or 0.05% of the stock. The New York-based Neuberger Berman Group Inc Limited Liability Company has invested 0% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Daiwa Securities Gp Inc stated it has 0.05% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Amp Ltd has 0.04% invested in Fortune Brands Home & Security, Inc. (NYSE:FBHS). State Treasurer State Of Michigan holds 44,764 shares. Pinnacle Financial Partners invested 0.06% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Livforsakringsbolaget Skandia Omsesidigt stated it has 0.06% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Greenwood Gearhart Inc accumulated 2.07% or 114,909 shares. M&R Cap Management invested in 400 shares or 0.01% of the stock. Pillar Pacific Capital Mngmt Ltd Liability invested 0.06% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS).

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

The stock of Fortune Brands Home & Security, Inc. (FBHS) formed a descending triangle with $56.58 target or 3.00 % above today’s $54.93 share price. The 9 months triangle pattern indicates low risk for the $7.82B company. If the $56.58 price target is reached, the company will be worth $234.69 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.

It closed at $54.93 lastly. It is down 8.98% since August 18, 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 $150.96M 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. Bank of America downgraded it to “Underperform” rating and $61 target in Friday, August 10 report. Robert W. Baird maintained Fortune Brands Home & Security, Inc. (NYSE:FBHS) on Thursday, April 19 with “Buy” rating. On Friday, April 27 the stock rating was maintained by Credit Suisse with “Outperform”. The firm has “Hold” rating given on Monday, May 14 by Bank of America. J.P. Morgan maintained it with “Buy” rating and $7300 target in Monday, June 25 report. The rating was maintained by Barclays Capital on Friday, April 27 with “Equal-Weight”. The firm earned “Neutral” rating on Monday, April 30 by Citigroup.

More news for Fortune Brands Home & Security, Inc. (NYSE:FBHS) were recently published by: Seekingalpha.com, which released: “Fortune Brands Home & Security (FBHS) Q2 2018 Results – Earnings Call Transcript” on July 27, 2018. Benzinga.com‘s article titled: “Fortune Brands Downgraded By BofA On Cautious View For Building Products Stocks” and published on August 10, 2018 is yet another important article.

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 $7.82 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.

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

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