Fortune Brands Home & Security (FBHS) has risen sharply, recording gains of 3.72% in the past 4 weeks. However, the stock has corrected -1.86% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.33% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Fortune Brands Home & Security, Inc. is up 9% in the last 3-month period. Year-to-Date the stock performance stands at 13.64%. The stock has recorded a 20-day Moving Average of 0.54% and the 50-Day Moving Average is 4.08%.
Fortune Brands Home & Security (NYSE:FBHS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.39 and $62.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.70, notching a gain of 0.21% for the day. The total traded volume was 931,120 . The stock had closed at $62.57 on the previous day.
Also, Jefferies maintains its view on Fortune Brands Home & Security (NYSE:FBHS) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Jefferies raises the price target from $67 per share to $72 per share on Fortune Brands Home & Security . The rating by the firm was issued on July 28, 2016.
Fortune Brands Home & Security, Inc. is a holding company. The Company, through its subsidiaries, engaged in manufacture and sale of home and security products. The Company operates through four business segments: Cabinets, Plumbing, Doors and Security. The Cabinets segment provides cabinetry, as well as vanities, for the kitchen, bath and other parts of the home through a regional supply chain footprint in North America. The Plumbing segment manufactures or assembles and sells faucets, accessories and kitchen sinks in North America and China, predominantly under the Moen brand. The Doors segment offers fiberglass and steel entry door systems under the Therma-Tru brand and urethane millwork product lines under the Fypon brand. The Security segments products consist of locks, safety and security devices manufactured, sourced and distributed under the Master Lock brand, and fire resistant safes and commercial cabinets manufactured, sourced and distributed under the SentrySafe brand.