Is it Still Worth Investing in Fortune Brands (FBHS)?

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Eagle Mid Cap Growth Fund mentioned Fortune Brands Home & Security, Inc. (NYSE:FBHS) and explained its insights for the company. Founded in 1988, Fortune Brands Home & Security, Inc. (NYSE:FBHS) is an Illinois, United States-based millwork company with a $7.9 billion market capitalization. Fortune Brands Home & Security, Inc. (NYSE:FBHS) delivered a -42.82% return since the beginning of the year, while its 12-month returns are down by -38.75%. The stock closed at $61.13 per share on June 28, 2022.

Here is what Carillon Eagle Mid Cap Growth Fund has to say about Fortune Brands Home & Security, Inc. (NYSE:FBHS) in its Q1 2022 investor letter:

Fortune Brands Home & Security (NYSE:FBHS) provides a variety of building products such as plumbing, decking, doors, and security-related products. The company’s shares have declined as of late as rising interest rates have weighed a bit on investor sentiment in stocks tied to the housing industry. Additionally, the company has experienced some margin pressure specifically within its cabinet business as transportation, labor and supply chain issues linger.”

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Our calculations show that Fortune Brands Home & Security, Inc. (NYSE:FBHS) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Fortune Brands Home & Security, Inc. (NYSE:FBHS) was in 34 hedge fund portfolios at the end of the first quarter of 2022, compared to 27 funds in the previous quarter. Fortune Brands Home & Security, Inc. (NYSE:FBHS) delivered a -24.01% return in the past 3 months.

In May 2022, we published an article that includes Fortune Brands Home & Security, Inc. (NYSE:FBHS) in 5 Undervalued Stocks to Buy Today According to Paul Tudor Jones. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.