Mn Services Vermogensbeheer B.V. Sells 2,300 Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN)

Mn Services Vermogensbeheer B.V. lessened its position in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,203 shares of the company’s stock after selling 2,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Fortune Brands Innovations were worth $4,432,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Tobam boosted its stake in Fortune Brands Innovations by 1,181.5% in the fourth quarter. Tobam now owns 346 shares of the company’s stock worth $26,000 after purchasing an additional 319 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in Fortune Brands Innovations in the 4th quarter valued at about $27,000. Operose Advisors LLC bought a new position in shares of Fortune Brands Innovations in the third quarter worth about $31,000. BluePath Capital Management LLC acquired a new position in shares of Fortune Brands Innovations during the third quarter worth approximately $32,000. Finally, IFP Advisors Inc acquired a new position in shares of Fortune Brands Innovations during the second quarter worth approximately $36,000. Institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Price Performance

Fortune Brands Innovations stock opened at $75.40 on Wednesday. The firm has a market capitalization of $9.48 billion, a P/E ratio of 23.79, a PEG ratio of 2.21 and a beta of 1.57. The business has a 50-day moving average of $80.66 and a 200-day moving average of $73.32. The company has a current ratio of 1.70, a quick ratio of 0.89 and a debt-to-equity ratio of 1.16. Fortune Brands Innovations, Inc. has a 1 year low of $54.10 and a 1 year high of $84.92.

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

Wall Street Analysts Forecast Growth

FBIN has been the subject of several research analyst reports. Oppenheimer began coverage on shares of Fortune Brands Innovations in a research report on Friday, January 19th. They issued a “market perform” rating for the company. BMO Capital Markets reiterated a “market perform” rating and issued a $82.00 price target (up previously from $76.00) on shares of Fortune Brands Innovations in a report on Wednesday, January 31st. Finally, Barclays boosted their price objective on Fortune Brands Innovations from $87.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Fortune Brands Innovations currently has an average rating of “Moderate Buy” and a consensus price target of $77.63.

Insider Buying and Selling

In other Fortune Brands Innovations news, Director Ronald V. Waters sold 2,000 shares of Fortune Brands Innovations 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 transaction, the director now directly owns 2,435 shares in the company, valued at $197,478.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.99% of the stock is currently owned by company insiders.

Fortune Brands Innovations Company 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.