Senator John Boozman (R-Arkansas) recently sold shares of Fortune Brands Innovations, Inc. NYSE: FBIN. In a filing disclosed on June 14th, the Senator disclosed that they had sold between $1,001 and $15,000 in Fortune Brands Innovations stock on May 30th.
Senator John Boozman also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 6/11/2025.
- Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Invesco Short Term Treasury ETF NYSEARCA: TBLL on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 5/30/2025.
- Purchased $1,001 - $15,000 in shares of RTX NYSE: RTX on 5/30/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 5/20/2025.
- Sold $1,001 - $15,000 in shares of NRG Energy NYSE: NRG on 5/20/2025.
- Sold $1,001 - $15,000 in shares of General Dynamics NYSE: GD on 5/20/2025.
- Sold $1,001 - $15,000 in shares of DTE Energy NYSE: DTE on 5/20/2025.
Fortune Brands Innovations Trading Up 4.6%
Shares of NYSE FBIN traded up $2.41 during midday trading on Tuesday, hitting $55.37. The company's stock had a trading volume of 1,626,279 shares, compared to its average volume of 1,625,865. Fortune Brands Innovations, Inc. has a 12-month low of $47.21 and a 12-month high of $90.54. The firm has a market cap of $6.66 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.94 and a beta of 1.36. The business's 50 day moving average is $52.27 and its two-hundred day moving average is $58.90. The company has a current ratio of 1.41, a quick ratio of 0.72 and a debt-to-equity ratio of 1.06.
Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.07 billion. Fortune Brands Innovations had a return on equity of 20.96% and a net margin of 9.42%. Fortune Brands Innovations's revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. As a group, equities research analysts expect that Fortune Brands Innovations, Inc. will post 4.24 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 10th. Investors of record on Friday, August 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. Fortune Brands Innovations's dividend payout ratio is currently 29.33%.
Analysts Set New Price Targets
A number of brokerages recently commented on FBIN. Truist Financial set a $65.00 price objective on shares of Fortune Brands Innovations in a research report on Wednesday, May 7th. Royal Bank Of Canada cut their target price on shares of Fortune Brands Innovations from $70.00 to $59.00 and set a "sector perform" rating for the company in a research note on Wednesday, May 7th. UBS Group dropped their price objective on shares of Fortune Brands Innovations from $90.00 to $82.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Fortune Brands Innovations from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fortune Brands Innovations in a research note on Tuesday, April 1st. They issued a "hold" rating and a $70.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $77.27.
View Our Latest Stock Analysis on FBIN
Institutional Investors Weigh In On Fortune Brands Innovations
A number of hedge funds have recently made changes to their positions in the business. von Borstel & Associates Inc. acquired a new position in Fortune Brands Innovations in the first quarter worth about $26,000. Flagship Wealth Advisors LLC bought a new position in shares of Fortune Brands Innovations in the 4th quarter valued at about $31,000. National Pension Service boosted its holdings in shares of Fortune Brands Innovations by 74.5% during the 1st quarter. National Pension Service now owns 466 shares of the company's stock worth $28,000 after buying an additional 199 shares during the period. CX Institutional acquired a new position in shares of Fortune Brands Innovations in the 1st quarter valued at approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Fortune Brands Innovations by 119.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 539 shares of the company's stock worth $28,000 after acquiring an additional 293 shares during the last quarter. Institutional investors own 87.60% of the company's stock.
About Senator Boozman
John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry
About Fortune Brands Innovations
(
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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