Representative Jefferson Shreve (R-Indiana) recently sold shares of Fortune Brands Innovations, Inc. NYSE: FBIN. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Fortune Brands Innovations stock on April 17th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
- Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
- Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
- Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.
Fortune Brands Innovations Trading Up 0.3 %
NYSE:FBIN opened at $51.26 on Friday. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 2.00 and a beta of 1.49. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.25 and a quick ratio of 0.65. The business has a fifty day moving average price of $56.44 and a 200-day moving average price of $67.66. Fortune Brands Innovations, Inc. has a one year low of $47.21 and a one year high of $90.54.
Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share. Sell-side analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.
Insider Activity at Fortune Brands Innovations
In other Fortune Brands Innovations news, EVP Ron Wilson sold 1,500 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $68.94, for a total value of $103,410.00. Following the completion of the sale, the executive vice president now owns 10,066 shares of the company's stock, valued at $693,950.04. This trade represents a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kristin Papesh bought 483 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $61.99 per share, with a total value of $29,941.17. Following the transaction, the executive vice president now directly owns 7,617 shares of the company's stock, valued at approximately $472,177.83. This trade represents a 6.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Fortune Brands Innovations
A number of institutional investors and hedge funds have recently made changes to their positions in FBIN. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fortune Brands Innovations by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 868,045 shares of the company's stock valued at $52,847,000 after acquiring an additional 3,212 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in Fortune Brands Innovations during the first quarter valued at approximately $293,000. Klein Pavlis & Peasley Financial Inc. lifted its stake in shares of Fortune Brands Innovations by 12.1% in the 1st quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,900 shares of the company's stock valued at $1,578,000 after purchasing an additional 2,800 shares during the last quarter. Vulcan Value Partners LLC boosted its holdings in shares of Fortune Brands Innovations by 20.2% in the 1st quarter. Vulcan Value Partners LLC now owns 182,565 shares of the company's stock worth $11,115,000 after purchasing an additional 30,671 shares during the period. Finally, Blueshift Asset Management LLC increased its position in shares of Fortune Brands Innovations by 68.0% during the 1st quarter. Blueshift Asset Management LLC now owns 5,812 shares of the company's stock valued at $354,000 after purchasing an additional 2,352 shares during the last quarter. 87.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on FBIN. The Goldman Sachs Group decreased their price objective on shares of Fortune Brands Innovations from $97.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Fortune Brands Innovations in a report on Tuesday, April 1st. They set a "hold" rating and a $70.00 price target on the stock. Barclays cut their target price on Fortune Brands Innovations from $68.00 to $64.00 and set an "overweight" rating for the company in a research report on Thursday. Royal Bank of Canada dropped their price target on Fortune Brands Innovations from $70.00 to $59.00 and set a "sector perform" rating for the company in a research note on Wednesday. Finally, Robert W. Baird reduced their price objective on shares of Fortune Brands Innovations from $56.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Fortune Brands Innovations currently has a consensus rating of "Hold" and an average target price of $77.17.
Check Out Our Latest Report on FBIN
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
Fortune Brands Innovations Company Profile
(
Get Free Report)
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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