Fortune Brands Home & Security (FBHS) Is A Stock That Goldman Sachs Seems to be Very Interested In

October 2, 2018 - By Ellis Scott

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

Investors sentiment increased to 0.95 in 2018 Q2. Its up 0.10, from 0.85 in 2018Q1. It increased, as 50 investors sold Fortune Brands Home & Security, Inc. shares while 150 reduced holdings. 64 funds opened positions while 125 raised stakes. 114.28 million shares or 4.78% less from 120.01 million shares in 2018Q1 were reported.

Utd Svcs Automobile Association holds 450,349 shares. 16,945 were reported by Korea Investment. Farmers And Merchants Investments Inc invested 0.01% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Advisor Prtn Lc owns 4,508 shares or 0.04% of their US portfolio. Ny State Common Retirement Fund stated it has 0.02% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Jane Street Ltd holds 0.03% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS) for 276,878 shares. Old Mutual Customised Solutions (Proprietary) Ltd stated it has 0.03% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Dupont Cap Mngmt Corp stated it has 0.06% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Raymond James And Assocs reported 52,011 shares. Parsons Mgmt Ri invested in 9,569 shares. Cibc Asset Management Inc has 0% invested in Fortune Brands Home & Security, Inc. (NYSE:FBHS) for 14,453 shares. Calamos Advsr Llc holds 63,927 shares or 0.02% of its portfolio. Whittier Trust Of Nevada Inc holds 588 shares or 0% of its portfolio. Mariner Wealth Advisors accumulated 20,842 shares. Washington-based Parametric Portfolio Limited Liability has invested 0.01% in Fortune Brands Home & Security, Inc. (NYSE:FBHS).

Why Has Goldman Sachs Given Fortune Brands Home & Security (FBHS) a $64.0 Price Target

Goldman Sachs has just issued a Neutral rating for Fortune Brands Home & Security (FBHS) shares. The firm has initiated coverage on shares of FBHS in analysts note issued on Tuesday morning. This PT indicates downside of -3.12 % from the current price of Fortune Brands Home & Security (FBHS).

The stock increased 1.40% or $0.73 during the last trading session, reaching $53.01. About 632,684 shares traded. Fortune Brands Home & Security, Inc. (FBHS) has declined 15.25% since October 2, 2017 and is downtrending. It has underperformed by 30.87% the S&P500.

Analysts await Fortune Brands Home & Security, Inc. (NYSE:FBHS) to report earnings on October, 24. They expect $1.06 EPS, up 27.71 % or $0.23 from last year’s $0.83 per share. FBHS’s profit will be $150.97 million for 12.50 P/E if the $1.06 EPS becomes a reality. After $1.00 actual EPS reported by Fortune Brands Home & Security, Inc. for the previous quarter, Wall Street now forecasts 6.00 % EPS growth.

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 $7.55 billion. It operates in four divisions: Cabinets, Plumbing, Doors, and Security. It has a 17.47 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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