Rep. April McClain Delaney Sells Off Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN)

Representative April McClain Delaney (D-Maryland) recently sold shares of Fortune Brands Innovations, Inc. NYSE: FBIN. In a filing disclosed on June 02nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Fortune Brands Innovations stock on May 29th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Toro NYSE: TTC on 5/28/2025.
• Sold $1,001 - $15,000 in shares of Dayforce NYSE: DAY on 5/27/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 5/27/2025.
• Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 5/27/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 5/13/2025.
• Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 5/13/2025.
• Sold $1,001 - $15,000 in shares of Dayforce NYSE: DAY on 5/7/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 5/7/2025.
• Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 5/5/2025.
• Sold $1,001 - $15,000 in shares of Toro NYSE: TTC on 4/29/2025.

Fortune Brands Innovations Trading Up 0.3%

Shares of FBIN traded up $0.15 during trading hours on Friday, hitting $51.24. The stock had a trading volume of 1,336,243 shares, compared to its average volume of 1,579,519. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.65 and a current ratio of 1.25. The firm has a market cap of $6.16 billion, a P/E ratio of 13.66, a P/E/G ratio of 2.00 and a beta of 1.38. The company's fifty day simple moving average is $52.39 and its 200 day simple moving average is $63.69. Fortune Brands Innovations, Inc. has a 12-month low of $47.21 and a 12-month high of $90.54.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortune Brands Innovations had a return on equity of 22.05% and a net margin of 10.24%. The business's quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. Equities research analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, May 27th. Fortune Brands Innovations's dividend payout ratio is presently 29.33%.

Wall Street Analyst Weigh In

FBIN has been the topic of several research reports. Wall Street Zen raised Fortune Brands Innovations from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Barclays cut their target price on Fortune Brands Innovations from $68.00 to $64.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. UBS Group lowered their price target on Fortune Brands Innovations from $90.00 to $82.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Royal Bank of Canada lowered their price target on Fortune Brands Innovations from $70.00 to $59.00 and set a "sector perform" rating for the company in a report on Wednesday, May 7th. Finally, Truist Financial set a $65.00 price target on Fortune Brands Innovations in a report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $77.17.

Institutional Investors Weigh In On Fortune Brands Innovations

Several hedge funds and other institutional investors have recently modified their holdings of the stock. U.S. Capital Wealth Advisors LLC grew its stake in Fortune Brands Innovations by 1.7% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 8,138 shares of the company's stock worth $556,000 after purchasing an additional 138 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Fortune Brands Innovations by 5.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 3,252 shares of the company's stock valued at $222,000 after purchasing an additional 156 shares during the period. Townsquare Capital LLC grew its position in Fortune Brands Innovations by 3.3% in the 1st quarter. Townsquare Capital LLC now owns 6,236 shares of the company's stock valued at $380,000 after buying an additional 197 shares in the last quarter. National Pension Service increased its stake in Fortune Brands Innovations by 74.5% during the 1st quarter. National Pension Service now owns 466 shares of the company's stock valued at $28,000 after buying an additional 199 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of Fortune Brands Innovations by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,810 shares of the company's stock worth $260,000 after buying an additional 201 shares in the last quarter. Institutional investors own 87.60% of the company's stock.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland's 6th Congressional District. She declared candidacy for the 2026 election. April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor's degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

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.