SG Americas Securities LLC Purchases 85,127 Shares of Fortune Brands Innovations, Inc. $FBIN

SG Americas Securities LLC lifted its position in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 784.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 95,974 shares of the company’s stock after purchasing an additional 85,127 shares during the quarter. SG Americas Securities LLC’s holdings in Fortune Brands Innovations were worth $4,801,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new stake in Fortune Brands Innovations in the 2nd quarter valued at approximately $26,000. Hilltop National Bank acquired a new position in Fortune Brands Innovations during the 3rd quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its stake in shares of Fortune Brands Innovations by 158.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock worth $27,000 after acquiring an additional 323 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Fortune Brands Innovations during the 3rd quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Fortune Brands Innovations by 180.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 741 shares of the company’s stock valued at $40,000 after purchasing an additional 477 shares during the last quarter. 87.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on FBIN. UBS Group reissued a “buy” rating and issued a $70.00 price objective on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 target price on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Zacks Research lowered shares of Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Zelman & Associates cut shares of Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research report on Friday, February 13th. Finally, Barclays downgraded shares of Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $68.00 to $55.00 in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $59.09.

Fortune Brands Innovations Trading Down 1.9%

Shares of Fortune Brands Innovations stock opened at $38.22 on Thursday. The stock has a market cap of $4.58 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.66 and a beta of 1.49. The company has a quick ratio of 0.89, a current ratio of 1.84 and a debt-to-equity ratio of 1.07. Fortune Brands Innovations, Inc. has a 12-month low of $37.07 and a 12-month high of $64.84. The business’s 50 day moving average is $50.41 and its 200-day moving average is $51.41.

Fortune Brands Innovations (NYSE:FBIN) last released its earnings results on Thursday, February 12th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.14). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.14 billion. Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. Fortune Brands Innovations’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Equities research analysts predict that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current fiscal year.

About Fortune Brands Innovations

Fortune Brands Innovations (NYSE: FBIN), formerly known as Fortune Brands Home & Security, is a global leader in water innovations, specializing in the design, manufacturing and marketing of plumbing fixtures, fittings and related products. Headquartered in Deerfield, Illinois, the company leverages two iconic brands—Moen and House of Rohl—to deliver high-quality kitchen and bathroom solutions across residential and commercial markets. With a focus on performance, reliability and aesthetic design, FBIN’s portfolio spans faucets, showerheads, accessories and water filtration systems.

The company’s products are sold through a diversified network of retail partners, wholesale distributors and online channels across North America, Europe, Asia-Pacific and Latin America.