Jesse Singh Buys 19,725 Shares of Fortune Brands Innovations (NYSE:FBIN) Stock

Fortune Brands Innovations, Inc. (NYSE:FBIN) CEO Jesse Singh purchased 19,725 shares of Fortune Brands Innovations stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $51.66 per share, with a total value of $1,018,993.50. Following the completion of the acquisition, the chief executive officer directly owned 19,725 shares of the company’s stock, valued at approximately $1,018,993.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fortune Brands Innovations Price Performance

FBIN opened at $50.02 on Wednesday. The stock has a 50-day moving average price of $47.76 and a 200-day moving average price of $46.00. 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 firm has a market cap of $5.97 billion, a PE ratio of 40.67, a P/E/G ratio of 1.77 and a beta of 1.31. Fortune Brands Innovations, Inc. has a 1 year low of $32.34 and a 1 year high of $64.84.

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

Fortune Brands Innovations Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FBIN. The Goldman Sachs Group restated a “buy” rating and issued a $68.00 price objective on shares of Fortune Brands Innovations in a report on Wednesday, August 5th. Royal Bank Of Canada increased their target price on Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. BMO Capital Markets lifted their target price on Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Barclays reduced their target price on Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Finally, Robert W. Baird set a $44.00 price target on Fortune Brands Innovations in a research note on Friday, May 8th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.33.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FBIN. Danske Bank A S purchased a new stake in Fortune Brands Innovations in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its position in 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 period. Cary Street Partners Investment Advisory LLC raised its stake in Fortune Brands Innovations by 1,275.0% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company’s stock valued at $28,000 after buying an additional 510 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Fortune Brands Innovations during the 4th quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Fortune Brands Innovations during the 3rd quarter valued at $31,000. 87.60% of the stock is owned by hedge funds and other institutional investors.

Fortune Brands Innovations Company 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.