EntryPoint Capital LLC Acquires Shares of 4,391 Fortune Brands Innovations, Inc. $FBIN

Key Points

• EntryPoint Capital LLC has acquired 4,391 shares of Fortune Brands Innovations, Inc. (NYSE:FBIN), valued at approximately $267,000, as per their Form 13F filing.
• Fortune Brands Innovations recently reported a quarterly EPS of $1.00, exceeding estimates, despite a 3% year-over-year revenue decline.
• Analysts show mixed sentiments with six rating the stock as a Buy while five assigned a Hold rating, with a consensus target price set at $75.91.

EntryPoint Capital LLC acquired a new stake in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,391 shares of the company's stock, valued at approximately $267,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. purchased a new position in Fortune Brands Innovations in the 1st quarter valued at about $26,000. National Pension Service raised its stake in shares of Fortune Brands Innovations by 74.5% in the 1st quarter. National Pension Service now owns 466 shares of the company's stock valued at $28,000 after purchasing an additional 199 shares in the last quarter. CX Institutional acquired a new stake in shares of Fortune Brands Innovations in the 1st quarter valued at about $29,000. Raleigh Capital Management Inc. raised its stake in shares of Fortune Brands Innovations by 28.2% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,017 shares of the company's stock valued at $62,000 after purchasing an additional 224 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Fortune Brands Innovations in the 1st quarter valued at about $62,000. 87.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fortune Brands Innovations

In other Fortune Brands Innovations news, CEO Nicholas I. Fink sold 1,522 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $58.72, for a total value of $89,371.84. Following the sale, the chief executive officer owned 97,139 shares in the company, valued at approximately $5,704,002.08. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FBIN shares. Royal Bank Of Canada upgraded shares of Fortune Brands Innovations from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $59.00 to $65.00 in a research note on Friday, August 1st. Robert W. Baird cut their target price on shares of Fortune Brands Innovations from $56.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Truist Financial set a $65.00 target price on shares of Fortune Brands Innovations in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of Fortune Brands Innovations from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Barclays increased their price objective on shares of Fortune Brands Innovations from $67.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Fortune Brands Innovations currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.91.

Fortune Brands Innovations Price Performance

FBIN opened at $61.5050 on Friday. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 3.95 and a beta of 1.32. Fortune Brands Innovations, Inc. has a fifty-two week low of $47.21 and a fifty-two week high of $90.54. The company's 50-day moving average price is $54.64 and its 200 day moving average price is $56.53. The company has a quick ratio of 0.98, a current ratio of 1.97 and a debt-to-equity ratio of 1.20.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. Fortune Brands Innovations had a net margin of 8.75% and a return on equity of 19.85%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. Fortune Brands Innovations's quarterly revenue was down 3.0% on a year-over-year basis. Fortune Brands Innovations has set its FY 2025 guidance at 3.750-3.950 EPS. As a group, sell-side analysts expect that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 22nd will be paid a $0.25 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. Fortune Brands Innovations's dividend payout ratio (DPR) is presently 31.45%.

About Fortune Brands Innovations

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.

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