Jesse Singh Purchases 19,560 Shares of Fortune Brands Innovations (NYSE:FBIN) Stock

Key Points

• CEO Jesse Singh bought 19,560 Fortune Brands Innovations shares for approximately $996,191, nearly doubling his direct stake to 39,285 shares.
• FBIN shares fell 5.3% to $48.09, despite the company reporting quarterly EPS of $1.35—well above the $0.80 analyst consensus—while revenue declined 4.1% year over year to $1.15 billion.
• The company declared a quarterly dividend of $0.26 per share, equivalent to a 2.2% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $55.33.

Fortune Brands Innovations, Inc. (NYSE:FBIN - Get Free Report) CEO Jesse Singh bought 19,560 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $50.93 per share, with a total value of $996,190.80. Following the acquisition, the chief executive officer directly owned 39,285 shares in the company, valued at $2,000,785.05. The trade was a 99.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Fortune Brands Innovations Trading Down 5.3%

NYSE:FBIN traded down $2.69 during trading hours on Monday, reaching $48.09. 2,829,964 shares of the stock were exchanged, compared to its average volume of 2,769,856. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average of $47.36 and a two-hundred day moving average of $46.15. Fortune Brands Innovations, Inc. has a twelve month low of $32.34 and a twelve month high of $64.84. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 1.87 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 EPS for the quarter, topping the consensus estimate of $0.80 by $0.55. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business posted $1.00 earnings per share. The company's quarterly revenue was down 4.1% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, equities analysts predict that Fortune Brands Innovations, Inc. will post 3.32 EPS for the current year.

Fortune Brands Innovations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations's dividend payout ratio (DPR) is 84.55%.

Hedge Funds Weigh In On Fortune Brands Innovations

Hedge funds have recently added to or reduced their stakes in the stock. Chancellor Financial Group WB LP acquired a new stake in Fortune Brands Innovations during the second quarter worth approximately $368,000. Wealthfront Advisers LLC acquired a new position in shares of Fortune Brands Innovations in the 2nd quarter valued at $265,000. Black Cypress Capital Management LLC purchased a new position in shares of Fortune Brands Innovations in the 2nd quarter valued at $13,367,000. Buckland Partners Management Co LLC purchased a new position in shares of Fortune Brands Innovations in the 2nd quarter valued at $769,000. Finally, BlackRock Inc. acquired a new stake in Fortune Brands Innovations during the 2nd quarter worth $1,062,255,000. 87.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FBIN has been the topic of a number of recent research reports. UBS Group boosted their price target on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Truist Financial upgraded shares of Fortune Brands Innovations from a "hold" rating to a "buy" rating and lifted their price objective for the company from $45.00 to $70.00 in a report on Tuesday, June 30th. Robert W. Baird set a $44.00 target price on shares of Fortune Brands Innovations in a research note on Friday, May 8th. Weiss Ratings upgraded shares of Fortune Brands Innovations from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday. Finally, Royal Bank Of Canada increased their target price on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $55.33.

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.

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