Jesse Singh Purchases 19,560 Shares of Fortune Brands Innovations (NYSE:FBIN) Stock

Fortune Brands Innovations, Inc. (NYSE:FBINGet Free Report) CEO Jesse Singh acquired 19,560 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $50.93 per share, with a total value of $996,190.80. Following the completion of the transaction, the chief executive officer owned 39,285 shares of the company’s stock, valued at $2,000,785.05. The trade was a 99.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Fortune Brands Innovations Price Performance

Shares of FBIN stock opened at $50.02 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.05. The company has a market capitalization of $5.97 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 1.77 and a beta of 1.31. The firm’s 50-day moving average is $47.76 and its two-hundred day moving average is $46.00. Fortune Brands Innovations, Inc. has a 12 month low of $32.34 and a 12 month high of $64.84.

Fortune Brands Innovations (NYSE:FBINGet Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.55. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Analysts predict that Fortune Brands Innovations, Inc. will post 3.32 earnings per share for the current year.

Fortune Brands Innovations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations’s dividend payout ratio is presently 84.55%.

Institutional Investors Weigh In On Fortune Brands Innovations

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Fortune Brands Innovations by 0.8% during the first quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock worth $2,539,000 after buying an additional 324 shares in the last quarter. Empowered Funds LLC raised its holdings in Fortune Brands Innovations by 20.5% in the first 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 in the last quarter. Geneos Wealth Management Inc. raised its holdings in Fortune Brands Innovations by 83.6% in the first quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock valued at $52,000 after acquiring an additional 388 shares in the last quarter. Cetera Investment Advisers lifted its stake in Fortune Brands Innovations by 7.6% in the second quarter. Cetera Investment Advisers now owns 10,382 shares of the company’s stock worth $534,000 after acquiring an additional 731 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Fortune Brands Innovations by 158.3% in the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock worth $27,000 after acquiring an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Wall Street Analyst Weigh In

FBIN has been the topic of a number of research analyst reports. Weiss Ratings upgraded Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Robert W. Baird set a $44.00 price target on Fortune Brands Innovations in a report on Friday, May 8th. UBS Group raised their price objective on Fortune Brands Innovations from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. BMO Capital Markets boosted their price objective on shares of Fortune Brands Innovations from $50.00 to $53.00 and gave the company a “market perform” rating in a report on Tuesday, July 28th. Finally, Barclays decreased their target price on shares of Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $55.33.

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Fortune Brands Innovations Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Fortune Brands Innovations (NYSE:FBIN)

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