You might want to take a look at Fortune Brands Home & Security Inc. (FBHS) now

Fortune Brands Home & Security Inc. (NYSE: FBHS) stock fell -2.90% on Friday to $55.64 against a previous-day closing price of $57.30. With 1.2 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.13 million shares. During the session, the Furnishings Fixtures & Appliances company that operates in wider Consumer Cyclical sector, reached to the highest price of $57.09 whereas the lowest price it dropped to was $55.58. The 52-week range on FBHS shows that it touched its highest point at $109.23 and its lowest point at $56.86 during that stretch. It currently has a 1-year price target of $84.07. With its current market cap of 7.21 billion, FBHS has annualized dividend of $1.12 while the current yield stands at 2.01%. Beta for the stock currently stands at 1.57.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FBHS was down-trending over the past week, with a drop of -7.45%, but this was down by -14.54% over a month. Three-month performance dropped to -9.29% while six-month performance fell -30.05%. The stock lost -40.32% in the past year, while it has lost -47.95% so far this year. A look at the trailing 12-month EPS for FBHS yields 5.53 with Next year EPS estimates of 6.52. For the next quarter, that number is 1.72. This implies an EPS growth rate of 40.40% for this year and 1.29% for next year. EPS is expected to grow by 8.92% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.20%.

Float and Shares Shorts:

At present, 130.30 million FBHS shares are outstanding with a float of 128.82 million shares on hand for trading. On Jul 14, 2022, short shares totaled 2.02 million, which was 1.54% higher than short shares on Jun 14, 2022. In addition to Mr. Nicholas Ian Fink as the firm’s CEO & Director, Mr. Patrick D. Hallinan serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 90.53% of FBHS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.88% of FBHS, in contrast to 35.70% held by mutual funds. Shares owned by individuals account for 1.00%. As the largest shareholder in FBHS with 10.82% of the stake, The Vanguard Group, Inc. holds 13,985,963 shares worth 13,985,963. A second-largest stockholder of FBHS, BlackRock Fund Advisors, holds 7,187,885 shares, controlling over 5.56% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in FBHS, holding 5,864,057 shares or 4.54% stake. With a 3.00% stake in FBHS, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,873,962 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 2.32% of FBHS stock, is the second-largest Mutual Fund holder. It holds 3,003,225 shares valued at 184.49 million. Vanguard 500 Index Fund holds 2.26% of the stake in FBHS, owning 2,920,584 shares worth 179.41 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FBHS since 18 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FBHS analysts setting a high price target of $113.00 and a low target of $69.00, the average target price over the next 12 months is $84.53. Based on these targets, FBHS could surge 103.09% to reach the target high and rise by 24.01% to reach the target low. Reaching the average price target will result in a growth of 51.92% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. FBHS will report FY 2022 earnings on 02/01/2023. Analysts have provided yearly estimates in a range of $6.57 being high and $6.36 being low. For FBHS, this leads to a yearly average estimate of $6.44. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Fortune Brands Home & Security Inc. surprised analysts by $0.07 when it reported $1.67 EPS against a consensus estimate of $1.60. The surprise factor in the prior quarter was $0.08. Based on analyst estimates, the high estimate for the next quarter is $1.81 and the low estimate is $1.67. The average estimate for the next quarter is thus $1.72.

Summary of Insider Activity:

Insiders traded FBHS stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 2,113 shares were bought while 45 shares were sold. The number of buy transactions has increased to 36 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 347,005 while 176,317 shares were sold.

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