Fortune Brands Innovations (NYSE:FBIN) CEO Purchases $1,018,993.50 in Stock

Fortune Brands Innovations, Inc. (NYSE:FBIN) CEO Jesse Singh purchased 19,725 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $51.66 per share, with a total value of $1,018,993.50. Following the transaction, the chief executive officer directly owned 19,725 shares of the company’s stock, valued at $1,018,993.50. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Fortune Brands Innovations Price Performance

Shares of NYSE:FBIN traded down $2.69 on Monday, hitting $48.09. The company had a trading volume of 2,829,964 shares, compared to its average volume of 2,769,856. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. Fortune Brands Innovations, Inc. has a 52-week low of $32.34 and a 52-week high of $64.84. The business has a 50 day moving average of $47.36 and a 200 day moving average of $46.15. The company has a market cap of $5.74 billion, a PE ratio of 39.10, a PEG ratio of 1.87 and a beta of 1.31.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.55. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business posted $1.00 EPS. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. As a group, equities analysts anticipate that Fortune Brands Innovations, Inc. will post 3.32 earnings per share for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.2%. Fortune Brands Innovations’s payout ratio is 84.55%.

Institutional Trading of Fortune Brands Innovations

A number of hedge funds have recently made changes to their positions in the stock. Chancellor Financial Group WB LP bought a new stake in shares of Fortune Brands Innovations in the second quarter worth $368,000. Wealthfront Advisers LLC bought a new position in Fortune Brands Innovations during the 2nd quarter valued at $265,000. Black Cypress Capital Management LLC acquired a new position in Fortune Brands Innovations during the 2nd quarter worth $13,367,000. Buckland Partners Management Co LLC bought a new stake in shares of Fortune Brands Innovations in the 2nd quarter worth about $769,000. Finally, BlackRock Inc. bought a new position in shares of Fortune Brands Innovations during the second quarter worth about $1,062,255,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FBIN. Evercore set a $56.00 price objective on shares of Fortune Brands Innovations in a research note on Wednesday, August 5th. Bank of America reduced their price target on Fortune Brands Innovations from $52.00 to $42.00 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Zacks Research raised Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Royal Bank Of Canada increased their target price on Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Robert W. Baird set a $44.00 price objective on shares of Fortune Brands Innovations in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fortune Brands Innovations has an average rating of “Hold” and a consensus price target of $55.33.

About Fortune Brands Innovations

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.