Ancora Advisors LLC Buys New Position in Fortune Brands Innovations, Inc. $FBIN

Key Points

• Ancora Advisors initiated a position of 239,366 Fortune Brands Innovations shares valued at approximately $13.1 million. Institutional investors collectively own 87.6% of the company, while insiders purchased more than 359,000 shares worth about $15 million during the latest quarter.
• Fortune Brands Innovations reported quarterly EPS of $1.35, exceeding the $0.80 analyst consensus, although revenue fell 4.1% year over year to $1.15 billion. The company maintained fiscal 2026 EPS guidance of $3.22–$3.52.
• The company declared a quarterly dividend of $0.26 per share, equating to a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $55.71, compared with the stock’s reported price of $45.74.

Ancora Advisors LLC purchased a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 239,366 shares of the company's stock, valued at approximately $13,141,000. Ancora Advisors LLC owned 0.20% of Fortune Brands Innovations as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Garden Investment Management L.P. purchased a new position in shares of Fortune Brands Innovations during the first quarter valued at about $137,471,000. Diamond Hill Capital Management Inc. raised its stake in Fortune Brands Innovations by 7.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 554,244 shares of the company's stock worth $27,723,000 after buying an additional 37,861 shares in the last quarter. Black Cypress Capital Management LLC lifted its holdings in Fortune Brands Innovations by 22.6% in the fourth quarter. Black Cypress Capital Management LLC now owns 150,825 shares of the company's stock worth $7,544,000 after buying an additional 27,824 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Fortune Brands Innovations by 2,071.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 147,689 shares of the company's stock valued at $7,387,000 after acquiring an additional 140,888 shares in the last quarter. Finally, Vulcan Value Partners LLC boosted its position in Fortune Brands Innovations by 18.2% during the 4th quarter. Vulcan Value Partners LLC now owns 353,520 shares of the company's stock valued at $17,683,000 after acquiring an additional 54,492 shares in the last quarter. Institutional investors own 87.60% of the company's stock.

Fortune Brands Innovations Price Performance

Shares of NYSE:FBIN opened at $45.74 on Wednesday. Fortune Brands Innovations, Inc. has a fifty-two week low of $32.34 and a fifty-two week high of $64.84. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01. The business has a 50-day simple moving average of $48.83 and a two-hundred day simple moving average of $45.27. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 3.80 and a beta of 1.31.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.55. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The business's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, analysts expect that Fortune Brands Innovations, Inc. will post 3.32 earnings per share for the current year.

Fortune Brands Innovations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be given a dividend of $0.26 per share. The ex-dividend date is Friday, August 21st. This represents a $1.04 annualized dividend and a yield of 2.3%. Fortune Brands Innovations's payout ratio is 84.55%.

Insider Buying and Selling at Fortune Brands Innovations

In related news, Director Edward P. Garden acquired 320,067 shares of the firm's stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average price of $40.60 per share, with a total value of $12,994,720.20. Following the completion of the purchase, the director directly owned 3,940,234 shares of the company's stock, valued at $159,973,500.40. This represents a 8.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jesse G. Singh acquired 19,725 shares of the stock in a transaction dated Thursday, August 6th. The shares were bought at an average cost of $51.66 per share, for a total transaction of $1,018,993.50. Following the completion of the transaction, the chief executive officer owned 19,725 shares in the company, valued at approximately $1,018,993.50. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 359,352 shares of company stock worth $15,009,905 over the last quarter. 3.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Evercore set a $56.00 target price on Fortune Brands Innovations in a research report on Wednesday, August 5th. Robert W. Baird set a $44.00 price objective on Fortune Brands Innovations in a report on Friday, May 8th. Zacks Research raised Fortune Brands Innovations from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. BMO Capital Markets boosted their target price on shares of Fortune Brands Innovations from $50.00 to $53.00 and gave the company a "market perform" rating in a report on Tuesday, July 28th. Finally, Wells Fargo & Company assumed coverage on shares of Fortune Brands Innovations in a research report on Monday. They issued an "overweight" rating and a $52.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $55.71.

Fortune Brands Innovations 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source