Fortune Brands Innovations, Inc. (NYSE:FBIN) Holdings Reduced by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in Fortune Brands Innovations, Inc. (NYSE:FBINFree Report) by 61.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,709 shares of the company’s stock after selling 28,006 shares during the period. SG Americas Securities LLC’s holdings in Fortune Brands Innovations were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in FBIN. Intrepid Capital Management Inc. acquired a new stake in shares of Fortune Brands Innovations in the 2nd quarter worth approximately $25,000. Bessemer Group Inc. acquired a new stake in Fortune Brands Innovations during the second quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new stake in Fortune Brands Innovations during the fourth quarter valued at approximately $27,000. Operose Advisors LLC acquired a new stake in Fortune Brands Innovations during the third quarter valued at approximately $31,000. Finally, BluePath Capital Management LLC acquired a new stake in Fortune Brands Innovations during the third quarter valued at approximately $32,000. 87.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortune Brands Innovations

In other Fortune Brands Innovations news, Director Ronald V. Waters sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $81.10, for a total value of $162,200.00. Following the transaction, the director now owns 2,435 shares in the company, valued at approximately $197,478.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on FBIN shares. The Goldman Sachs Group increased their target price on shares of Fortune Brands Innovations from $68.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. BMO Capital Markets reissued a “market perform” rating and set a $82.00 target price (up from $76.00) on shares of Fortune Brands Innovations in a research note on Wednesday, January 31st. Oppenheimer started coverage on shares of Fortune Brands Innovations in a research note on Friday, January 19th. They set a “market perform” rating for the company. Finally, Barclays increased their target price on shares of Fortune Brands Innovations from $87.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.63.

View Our Latest Analysis on FBIN

Fortune Brands Innovations Stock Up 0.6 %

FBIN stock opened at $84.67 on Friday. Fortune Brands Innovations, Inc. has a 52-week low of $54.10 and a 52-week high of $84.83. The company’s 50 day simple moving average is $80.32 and its 200-day simple moving average is $71.84. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.70 and a quick ratio of 0.89. The firm has a market capitalization of $10.64 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.80 and a beta of 1.57.

Fortune Brands Innovations (NYSE:FBINGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Fortune Brands Innovations had a net margin of 8.74% and a return on equity of 22.61%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. As a group, equities research analysts anticipate that Fortune Brands Innovations, Inc. will post 4.29 EPS for the current year.

Fortune Brands Innovations Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Fortune Brands Innovations (NYSE:FBIN)

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