Maple Rock Capital Partners Inc. raised its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN – Free Report) by 105.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 996,282 shares of the company’s stock after purchasing an additional 510,500 shares during the period. Maple Rock Capital Partners Inc.’s holdings in Fortune Brands Innovations were worth $54,696,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Fortune Brands Innovations by 0.8% in the first quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock valued at $2,539,000 after acquiring an additional 324 shares in the last quarter. Empowered Funds LLC boosted its stake in Fortune Brands Innovations by 20.5% during the 1st quarter. Empowered Funds LLC now owns 10,335 shares of the company’s stock valued at $629,000 after acquiring an additional 1,761 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Fortune Brands Innovations by 83.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock worth $52,000 after acquiring an additional 388 shares in the last quarter. Cetera Investment Advisers grew its holdings in Fortune Brands Innovations by 7.6% during the 2nd quarter. Cetera Investment Advisers now owns 10,382 shares of the company’s stock worth $534,000 after acquiring an additional 731 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Fortune Brands Innovations by 158.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock worth $27,000 after purchasing an additional 323 shares during the last quarter. 87.60% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Fortune Brands Innovations
In related news, Director Edward P. Garden acquired 320,067 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average cost of $40.60 per share, for a total transaction of $12,994,720.20. Following the purchase, the director directly owned 3,940,234 shares in the company, valued at $159,973,500.40. This represents a 8.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jesse G. Singh bought 19,560 shares of the company’s stock in a transaction on Friday, August 7th. The stock was bought at an average cost of $50.93 per share, for a total transaction of $996,190.80. Following the completion of the transaction, the chief executive officer directly owned 39,285 shares of the company’s stock, valued at $2,000,785.05. This trade represents a 99.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 359,352 shares of company stock worth $15,009,905. Company insiders own 3.32% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Report on FBIN
Fortune Brands Innovations Price Performance
Shares of NYSE:FBIN opened at $44.44 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. Fortune Brands Innovations, Inc. has a fifty-two week low of $32.34 and a fifty-two week high of $64.84. The firm has a 50-day simple moving average of $49.13 and a 200 day simple moving average of $44.81. The company has a market cap of $5.30 billion, a PE ratio of 36.13, a P/E/G ratio of 3.84 and a beta of 1.31.
Fortune Brands Innovations (NYSE:FBIN – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.55. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. Fortune Brands Innovations’s quarterly revenue was down 4.1% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, sell-side analysts anticipate that Fortune Brands Innovations, Inc. will post 3.33 EPS for the current year.
Fortune Brands Innovations Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations’s dividend payout ratio is presently 84.55%.
Fortune Brands Innovations Profile
Fortune Brands Innovations (NYSE: FBIN), formerly known as Fortune Brands Home & Security, is a global leader in water innovations, specializing in the design, manufacturing and marketing of plumbing fixtures, fittings and related products. Headquartered in Deerfield, Illinois, the company leverages two iconic brands—Moen and House of Rohl—to deliver high-quality kitchen and bathroom solutions across residential and commercial markets. With a focus on performance, reliability and aesthetic design, FBIN’s portfolio spans faucets, showerheads, accessories and water filtration systems.
The company’s products are sold through a diversified network of retail partners, wholesale distributors and online channels across North America, Europe, Asia-Pacific and Latin America.
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