Fortune Brands Home & Security (FBHS) : Traders are bullish on Fortune Brands Home & Security (FBHS) as it has outperformed the S&P 500 by a wide margin of 3.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.17%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.22% in the last 1 week, and is up 4.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.19% and the 50-Day Moving Average is 6.9%. Fortune Brands Home & Security (NYSE:FBHS): On Fridays trading session , Opening price of the stock was $64.05 with an intraday high of $64.05. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $63.37. However, the stock managed to close at $63.89, a loss of 0.23% for the day. On the previous day, the stock had closed at $64.04. The total traded volume of the day was 1,146,089 shares.
The company Insiders own 2.3% of Fortune Brands Home & Security shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.61% . Institutional Investors own 92.29% of Fortune Brands Home & Security shares. During last six month period, the net percent change held by insiders has seen a change of -19.67%. Also, Brokerage firm Jefferies maintains its rating on Fortune Brands Home & Security (NYSE:FBHS). As per the latest information, the brokerage house raises the price target to $72 per share from a prior target of $67. The shares have been rated Buy. 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.