Key Points
- CEO Jesse Singh bought 19,560 FBIN shares at an average price of $50.93, investing nearly $1 million and nearly doubling his direct ownership to 39,285 shares.
- Fortune Brands Innovations exceeded quarterly earnings expectations, reporting $1.35 EPS versus the $0.80 consensus, though revenue fell 4.1% year over year to $1.15 billion.
- The company declared a quarterly dividend of $0.26 per share, equivalent to a 2.2% yield, while analysts maintain a consensus “Hold” rating with a $55.33 price target.
Fortune Brands Innovations, Inc. (NYSE:FBIN - Get Free Report) CEO Jesse Singh purchased 19,560 shares of the stock in a transaction 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 acquisition, the chief executive officer directly owned 39,285 shares in the company, valued at $2,000,785.05. This represents a 99.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Fortune Brands Innovations Price Performance
Shares of FBIN opened at $48.09 on Tuesday. Fortune Brands Innovations, Inc. has a twelve month low of $32.34 and a twelve month high of $64.84. The firm's fifty day simple moving average is $47.54 and its 200-day simple moving average is $46.07. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 1.87 and a beta of 1.31. 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 (NYSE:FBIN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.55. The firm had revenue of $1.15 billion during 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%. The company's revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Equities analysts forecast that Fortune Brands Innovations, Inc. will post 3.32 EPS for the current fiscal year.
Fortune Brands Innovations Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 21st. Fortune Brands Innovations's payout ratio is 84.55%.
Institutional Investors Weigh In On Fortune Brands Innovations
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chancellor Financial Group WB LP acquired a new stake in shares of Fortune Brands Innovations in the second quarter valued at approximately $368,000. Wealthfront Advisers LLC acquired a new stake in Fortune Brands Innovations during the 2nd quarter worth $265,000. Black Cypress Capital Management LLC purchased a new position in Fortune Brands Innovations during the 2nd quarter worth $13,367,000. Buckland Partners Management Co LLC acquired a new position in Fortune Brands Innovations in the second quarter valued at $769,000. Finally, BlackRock Inc. purchased a new stake in shares of Fortune Brands Innovations in the second quarter valued at about $1,062,255,000. Hedge funds and other institutional investors own 87.60% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on FBIN. Truist Financial upgraded Fortune Brands Innovations from a "hold" rating to a "buy" rating and increased their price objective for the company from $45.00 to $70.00 in a report on Tuesday, June 30th. Zacks Research raised Fortune Brands Innovations from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. BMO Capital Markets increased their price target on shares of Fortune Brands Innovations from $50.00 to $53.00 and gave the company a "market perform" rating in a research note on Tuesday, July 28th. The Goldman Sachs Group reissued a "buy" rating and set a $68.00 price objective on shares of Fortune Brands Innovations in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fortune Brands Innovations from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $55.33.
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About Fortune Brands Innovations
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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.
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