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 Stock Performance
NYSE FBIN traded down $0.29 during midday trading on Thursday, hitting $55.95. The company had a trading volume of 1,100,245 shares, compared to its average volume of 2,009,927. The company has a quick ratio of 0.72, a current ratio of 1.41 and a debt-to-equity ratio of 1.06. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 3.51 and a beta of 1.36. The firm has a fifty day simple moving average of $52.16 and a two-hundred day simple moving average of $58.77. Fortune Brands Innovations, Inc. has a fifty-two week low of $47.21 and a fifty-two week high of $90.54.
Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.66 EPS for the quarter, meeting analysts' consensus estimates of $0.66. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortune Brands Innovations had a net margin of 9.42% and a return on equity of 20.96%. The company's revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. Equities analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current fiscal 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 issued a $0.25 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.00 annualized dividend and a yield of 1.79%. Fortune Brands Innovations's dividend payout ratio (DPR) is presently 29.33%.
Institutional Trading of Fortune Brands Innovations
Hedge funds have recently modified their holdings of the stock. Man Group plc acquired a new stake in Fortune Brands Innovations in the 4th quarter worth about $344,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Fortune Brands Innovations by 8.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 271,928 shares of the company's stock valued at $16,555,000 after purchasing an additional 20,206 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Fortune Brands Innovations in the first quarter valued at approximately $1,106,000. Charles Schwab Investment Management Inc. grew its holdings in Fortune Brands Innovations by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 864,833 shares of the company's stock worth $59,094,000 after acquiring an additional 11,722 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Fortune Brands Innovations by 15.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,537 shares of the company's stock worth $763,000 after acquiring an additional 1,660 shares during the last quarter. Institutional investors and hedge funds own 87.60% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on FBIN shares. UBS Group dropped their target price 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. Barclays increased their target price on shares of Fortune Brands Innovations from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Fortune Brands Innovations in a research report on Tuesday, April 1st. They set a "hold" rating and a $70.00 price objective for the company. Truist Financial set a $65.00 target price on shares of Fortune Brands Innovations in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada decreased 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 report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Fortune Brands Innovations currently has a consensus rating of "Hold" and an average target price of $77.27.
Read Our Latest Stock Analysis on FBIN
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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