5 Undervalued Stocks to Buy Today According to Paul Tudor Jones

4. Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Number of Hedge Fund Holders: 34

P/E Ratio as of May 27: 12.55

Fortune Brands Home & Security, Inc. (NYSE:FBHS) was incorporated in 1988 and is headquartered in Deerfield, Illinois. It offers home repair, remodeling, new construction, and security applications for residential customers. In the first quarter of 2022, Paul Tudor Jones boosted his stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 21%, holding 136,022 shares worth $10.1 million. 

On May 9, Credit Suisse analyst Daniel Oppenheim raised the price target on Fortune Brands Home & Security, Inc. (NYSE:FBHS) to $95 from $90 and maintained an Outperform rating on the shares after the Q1 results. While Fortune Brands Home & Security, Inc. (NYSE:FBHS) announced its plan to spin off its cabinets business, the analyst would not be surprised to see the announcement lead to inbound calls, most likely from private equity firms.

According to Insider Monkey’s first quarter database, 34 hedge funds were bullish on Fortune Brands Home & Security, Inc. (NYSE:FBHS), up from 27 funds in the prior quarter. Ken Griffin’s Citadel Investment Group is the largest shareholder of the company, with 1.2 million shares worth $96 million.