Fortune Brands Home & Security, Inc. (FBHS)’s Bullish Descending Triangle Chart Pattern Points to Lower Stock Risks

October 2, 2018 - By Dolores Ford

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

Investors sentiment increased to 0.95 in Q2 2018. Its up 0.10, from 0.85 in 2018Q1. It improved, 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.
Secor Cap Advisors Lp reported 0.42% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Horizon Kinetics Limited Liability Corporation invested in 0.02% or 18,090 shares. Texas Permanent School Fund stated it has 0.03% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Boston Private Wealth Ltd Liability stated it has 15,291 shares. The New York-based Two Sigma Securities Llc has invested 0% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Art Advsr Limited Liability Corp holds 66,044 shares. Tudor Inv Corporation Et Al, a Connecticut-based fund reported 56,869 shares. 2,750 are owned by Clearbridge Limited Liability Company. Bridgewater Assoc Limited Partnership reported 14,302 shares. The Alabama-based Regions Fincl has invested 0.02% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Voya Inv Management Lc has 0.05% invested in Fortune Brands Home & Security, Inc. (NYSE:FBHS). California State Teachers Retirement Systems holds 248,426 shares or 0.03% of its portfolio. Sumitomo Mitsui Trust Incorporated reported 481,548 shares stake. Advsr Asset invested in 0.02% or 128,456 shares. Davenport & Ltd Liability holds 10,442 shares.

The stock of Fortune Brands Home & Security, Inc. (FBHS) formed a descending triangle with $57.76 target or 9.00 % above today’s $52.99 share price. The 8 months triangle pattern indicates low risk for the $7.55B company. If the $57.76 price target is reached, the company will be worth $679.23M 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 1.36% or $0.71 during the last trading session, reaching $52.99. About 57,820 shares traded. Fortune Brands Home & Security, Inc. (NYSE: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 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 12.50 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 (NYSE:FBHS), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Fortune Brands has $7400 highest and $61 lowest target. $66.71’s average target is 25.89% above currents $52.99 stock price. Fortune Brands had 8 analyst reports since April 19, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Monday, June 25 by J.P. Morgan. The stock of Fortune Brands Home & Security, Inc. (NYSE:FBHS) earned “Neutral” rating by Citigroup on Monday, April 30. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, April 27. Bank of America downgraded Fortune Brands Home & Security, Inc. (NYSE:FBHS) on Monday, May 14 to “Hold” rating. The rating was maintained by Macquarie Research with “Outperform” on Thursday, September 6. As per Friday, August 10, the company rating was downgraded by Bank of America. The firm has “Outperform” rating by Credit Suisse given on Friday, April 27. Robert W. Baird maintained the stock with “Buy” rating in Thursday, April 19 report.

Another recent and important Fortune Brands Home & Security, Inc. (NYSE:FBHS) news was published by Seekingalpha.com which published an article titled: “Fortune Brands Home & Security declares $0.20 dividend” on September 24, 2018.

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 17.46 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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