Tudor Investment Corp ET AL Sells 111,439 Shares of Fortune Brands Innovations, Inc. $FBIN

Tudor Investment Corp ET AL lowered its stake in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 50.2% in the third quarter, Holdings Channel reports. The fund owned 110,468 shares of the company’s stock after selling 111,439 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Fortune Brands Innovations were worth $5,898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Fortune Brands Innovations by 10.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,251,082 shares of the company’s stock worth $173,572,000 after acquiring an additional 309,300 shares during the last quarter. Amundi lifted its holdings in shares of Fortune Brands Innovations by 15.2% in the third quarter. Amundi now owns 2,879,208 shares of the company’s stock worth $152,263,000 after acquiring an additional 380,275 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Fortune Brands Innovations by 147.8% in the third quarter. Bank of New York Mellon Corp now owns 2,691,827 shares of the company’s stock worth $143,717,000 after acquiring an additional 1,605,453 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Fortune Brands Innovations in the second quarter worth about $87,611,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Fortune Brands Innovations in the second quarter worth about $77,441,000. Institutional investors own 87.60% of the company’s stock.

Analyst Ratings Changes

FBIN has been the subject of a number of research reports. Robert W. Baird set a $55.00 target price on shares of Fortune Brands Innovations in a report on Friday, February 13th. Barclays dropped their price objective on shares of Fortune Brands Innovations from $55.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday. BMO Capital Markets dropped their price objective on shares of Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. Wolfe Research set a $64.00 price objective on shares of Fortune Brands Innovations in a report on Friday, February 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $61.00 price objective on shares of Fortune Brands Innovations in a report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Fortune Brands Innovations presently has a consensus rating of “Hold” and an average target price of $58.00.

Fortune Brands Innovations Stock Up 8.1%

Shares of NYSE FBIN opened at $40.39 on Thursday. The company has a 50 day simple moving average of $48.48 and a 200 day simple moving average of $50.73. The firm has a market cap of $4.84 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. Fortune Brands Innovations, Inc. has a 1 year low of $36.07 and a 1 year high of $64.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.84 and a quick ratio of 0.89.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.14). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.14 billion. Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. On average, research analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

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.