Fortune Brands Innovations, Inc. (NYSE:FBIN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its position in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,236 shares of the company’s stock after selling 470 shares during the quarter. Yousif Capital Management LLC’s holdings in Fortune Brands Innovations were worth $4,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arvest Investments Inc. acquired a new stake in Fortune Brands Innovations during the fourth quarter worth about $1,561,000. Louisiana State Employees Retirement System acquired a new stake in Fortune Brands Innovations during the fourth quarter worth about $2,695,000. Walleye Trading LLC increased its stake in Fortune Brands Innovations by 72.4% during the third quarter. Walleye Trading LLC now owns 30,323 shares of the company’s stock worth $1,885,000 after acquiring an additional 12,738 shares during the last quarter. Jump Financial LLC acquired a new stake in Fortune Brands Innovations during the third quarter worth about $596,000. Finally, Achmea Investment Management B.V. increased its stake in Fortune Brands Innovations by 148.0% during the third quarter. Achmea Investment Management B.V. now owns 130,914 shares of the company’s stock worth $8,138,000 after acquiring an additional 78,135 shares during the last quarter. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Fortune Brands Innovations Price Performance

Shares of NYSE FBIN opened at $74.17 on Friday. Fortune Brands Innovations, Inc. has a fifty-two week low of $54.10 and a fifty-two week high of $84.92. The business has a 50 day moving average price of $79.71 and a two-hundred day moving average price of $73.88. The company has a quick ratio of 0.89, a current ratio of 1.70 and a debt-to-equity ratio of 1.16. The firm has a market cap of $9.32 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.08 and a beta of 1.57.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Fortune Brands Innovations had a return on equity of 22.61% and a net margin of 8.74%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm earned $1.07 EPS. Fortune Brands Innovations’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts expect that Fortune Brands Innovations, Inc. will post 4.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Fortune Brands Innovations

In other Fortune Brands Innovations news, Director Ronald V. Waters sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $81.10, for a total transaction of $162,200.00. Following the completion of the sale, the director now owns 2,435 shares in the company, valued at approximately $197,478.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FBIN has been the subject of several research analyst reports. Oppenheimer initiated coverage on Fortune Brands Innovations in a research note on Friday, January 19th. They set a “market perform” rating for the company. Robert W. Baird dropped their price target on Fortune Brands Innovations from $86.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Barclays increased their target price on Fortune Brands Innovations from $87.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $82.00 target price (up previously from $76.00) on shares of Fortune Brands Innovations in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $78.44.

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.