Today RBC Capital Mkts Maintains a “Outperform” Rating on Fortune Brands Home & Security (NYSE:FBHS) and a $60 Target Price


Fortune Brands Home & Security (NYSE:FBHS) Rating Reaffirmed

They currently have a $60 target price on Fortune Brands Home & Security (NYSE:FBHS). The target price by RBC Capital Mkts would suggest a potential upside of 10.70% from the company’s close price. This has been shown in an analyst note on 10 December.

From a total of 9 analysts covering Fortune Brands Home & Security (NYSE:FBHS) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $61 while the lowest target price is $48. The mean of all analyst targets is $54.89 with a 3.01% above today’s ($54.2) stock price. Fortune Brands Home & Security was the topic of 8 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on October 22 with “Equal-Weight” rating. Wood maintained FBHS stock in a recent report from September 17 with “Overweight” rating.

The stock decreased 2.69% or $1.5 during the last trading session, striking $54.2. Approximately shares of stock traded hands. Fortune Brands Home & Security Inc (NYSE:FBHS) has risen 21.80% since May 7, 2015 and is uptrending. It has outperformed by 23.73% the S&P500.

The overall sentiment of institutions has increased to 1.63 in Q2 2015. Its up 0.41, from 1.22 in 2015Q2. The ratio increased, as 26 institutions have sold all the shares of Fortune Brands Home & Security Inc that they owned while 87 funds have taken shares off the table. 55 funds have purchased shares for the first time while 129 added to their positions. These institutions now hold 154.69 million shares or 9.94% more than the 140.71 million shares they owned in 2015Q2.

The Fund Banbury Partners Llc currently is holding shares equating to 8.94% of its total portfolio in Fortune Brands Home & Security Inc representing a total of 454,949 shares. Another fund,Crystal Rock Capital Management, is holding a total of 202,380 shares equating to 7.24% of their holdings. Additionally, Lodge Hill Capital Llc has a 325,000 share stake in Fortune Brands Home & Security Inc which represents 3.29% of their total portfolio. The Fund, Premier Asset Managment Llc, based out of Illinois, has also built up a stake in the stock, which represents a total of 3.17% of their total portfolio. Finally Midwest Investment Management Llc, a fund which is based in the state of Ohio reported a total holdings of 68,535 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 12, 2015, shareholders of Fortune Brands Home & Security Inc have witnessed 0 buys, and a total of 3 sales equating to a net activity of approximately $24.40 million . Klein Christopher J sold 290,000 shares worth approximately $15.00 million. Randich David sold 70,000 shares worth approximately $3.22M. Savan Mark sold 132,834 shares worth approximately $6.19 million. Lingafelter David B. sold 80,000 shares worth approximately $3.60M. The company insider Bauer Michael P. sold 8,399 shares worth $380,055.

Fortune Brands Home & Security, Inc

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.” Get a free copy of the Zacks research report on Fortune Brands Home & Security Inc (FBHS).