2,770 Shares in Fortune Brands Innovations, Inc. (NYSE:FBIN) Acquired by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC purchased a new position in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) in the 4th quarter, Holdings Channel.com reports. The firm purchased 2,770 shares of the company’s stock, valued at approximately $211,000.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Fortune Brands Innovations by 0.4% during the third quarter. Vanguard Group Inc. now owns 12,409,724 shares of the company’s stock worth $771,388,000 after purchasing an additional 50,047 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Fortune Brands Innovations by 6.4% during the third quarter. Federated Hermes Inc. now owns 2,045,726 shares of the company’s stock worth $127,162,000 after purchasing an additional 123,041 shares in the last quarter. Northern Trust Corp increased its position in shares of Fortune Brands Innovations by 15.7% during the third quarter. Northern Trust Corp now owns 1,654,531 shares of the company’s stock worth $102,846,000 after purchasing an additional 224,829 shares in the last quarter. FMR LLC grew its holdings in Fortune Brands Innovations by 2.8% in the 3rd quarter. FMR LLC now owns 1,525,640 shares of the company’s stock valued at $94,834,000 after buying an additional 40,839 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Fortune Brands Innovations by 4.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,485,605 shares of the company’s stock valued at $92,345,000 after buying an additional 62,243 shares in the last quarter. 87.60% of the stock is currently owned by hedge funds and other institutional investors.

Fortune Brands Innovations Trading Up 1.3 %

FBIN traded up $0.96 during mid-day trading on Friday, hitting $74.18. 1,023,086 shares of the stock were exchanged, compared to its average volume of 970,123. The firm’s fifty day moving average is $79.71 and its two-hundred day moving average is $73.88. Fortune Brands Innovations, Inc. has a 1-year low of $54.10 and a 1-year high of $84.92. The company has a current ratio of 1.70, a quick ratio of 0.89 and a debt-to-equity ratio of 1.16. The company has a market cap of $9.32 billion, a PE ratio of 23.40, a PEG ratio of 2.08 and a beta of 1.57.

Fortune Brands Innovations (NYSE:FBIN) last posted its earnings results on Tuesday, January 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.02. Fortune Brands Innovations had a return on equity of 22.61% and a net margin of 8.74%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned $1.07 EPS. Fortune Brands Innovations’s revenue was up 2.6% on a year-over-year basis. Equities analysts forecast that Fortune Brands Innovations, Inc. will post 4.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fortune Brands Innovations news, Director Ronald V. Waters sold 2,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $81.10, for a total transaction of $162,200.00. Following the sale, the director now owns 2,435 shares in the company, valued at approximately $197,478.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FBIN has been the subject of several analyst reports. Barclays upped their target price on Fortune Brands Innovations from $87.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. BMO Capital Markets restated a “market perform” rating and issued a $82.00 target price (up from $76.00) on shares of Fortune Brands Innovations in a report on Wednesday, January 31st. Robert W. Baird decreased their price target on Fortune Brands Innovations from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Finally, Oppenheimer started coverage on Fortune Brands Innovations in a research note on Friday, January 19th. They issued a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $78.44.

Fortune Brands Innovations Profile

Fortune Brands Innovations, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands.