Will Gabelli Upgrade to “Buy” from “Hold” Be a Tailwind For Fortune Brands Home & Security (NYSE:FBHS) Stock Today?

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NewYork Fortune Brands Home & Security NYSE:FBHS

Fortune Brands Home & Security (NYSE:FBHS) Change of Rating

Gabelli raised shares of Fortune Brands Home & Security (NYSE:FBHS) from “Hold” rating to “Buy” rating in an analyst note issued to clients and investors on 12 February. The firm currently has $78.0 PT on the stock.

In spite of this stock rating upgrade NYSE:FBHS is now trading -0.05% lower at $63.97 as of 12:07 PM New York time. Fortune Brands Home & Security’s stock is 0% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has gained 6.00% in the same time.

According to data compiled by Thomson Reuters, Fortune Brands Home & Security (NYSE:FBHS)’s stock is covered by 8 equity analysts across the Street, with 0 analysts giving it a Sell rating, 5 a Buy rating, while 10 consider it a Hold. The 12-month consensus target price for the stock is $61.63, which reflects an downside potential of 3.66% over the current price.

Institutional Ownership

Crystal Rock Capital Management had the most significant stake with ownership of 206,910 shares as of q2 2015 for 8.1% of the fund portfolio. Premier Asset Managment Llc is another bullish fund who is possessing 245,510 shares of Fortune Brands Home & Security or 3.55% of their fund portfolio. Further, Banbury Partners Llc have 3.22% of their fund portfolio invested in the company for 154,205 shares. The Pennsylvania-based fund Swarthmore Group Inc disclosed it had purchased a stake worth about 3.17% of the fund’s stock portfolio in Fortune Brands Home & Security. The Arkansas-based fund Greenwood Gearhart Inc is also positive about the stock, possessing 285,075 shares or 2.29% of their fund portfolio.

Fortune Brands Home & Security (NYSE:FBHS) Profile

Fortune Brands Home & Security IncFortune Brands Home & Security, Inc. is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

Fortune Brands Home & Security (NYSE:FBHS) traded down -0.05% on 12 February, hitting $63.97. A total of shares of the company’s stock traded hands. This is down from average of 1.03 million shares. Fortune Brands Home & Security has a 52 week low of $53.15 and a 52 week high of $68.82. The company has a market cap of $9.71 billion and a P/E ratio of 22.16.

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