Fortune Brands Innovations, Inc. $FBIN Position Cut by Vulcan Value Partners LLC

Vulcan Value Partners LLC decreased its position in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 37.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 214,798 shares of the company’s stock after selling 128,765 shares during the quarter. Vulcan Value Partners LLC’s holdings in Fortune Brands Innovations were worth $11,792,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FBIN. Garden Investment Management L.P. acquired a new position in Fortune Brands Innovations during the 1st quarter valued at about $137,471,000. Diamond Hill Capital Management Inc. raised its holdings in shares of Fortune Brands Innovations by 7.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 554,244 shares of the company’s stock valued at $27,723,000 after buying an additional 37,861 shares during the last quarter. Black Cypress Capital Management LLC raised its holdings in shares of Fortune Brands Innovations by 22.6% during the fourth quarter. Black Cypress Capital Management LLC now owns 150,825 shares of the company’s stock valued at $7,544,000 after buying an additional 27,824 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fortune Brands Innovations by 2,071.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 147,689 shares of the company’s stock worth $7,387,000 after buying an additional 140,888 shares during the period. Finally, Systematic Financial Management LP acquired a new position in shares of Fortune Brands Innovations during the fourth quarter worth approximately $14,328,000. Institutional investors own 87.60% of the company’s stock.

Insider Activity at Fortune Brands Innovations

In other Fortune Brands Innovations news, CEO Jesse Singh bought 19,560 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average cost of $50.93 per share, with a total value of $996,190.80. Following the completion of the purchase, the chief executive officer directly owned 39,285 shares in the company, valued at approximately $2,000,785.05. This trade represents a 99.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Edward Garden bought 320,067 shares of Fortune Brands Innovations stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average price of $40.60 per share, with a total value of $12,994,720.20. Following the completion of the acquisition, the director directly owned 3,940,234 shares of the company’s stock, valued at $159,973,500.40. This represents a 8.84% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 359,352 shares of company stock valued at $15,009,905. Company insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company initiated coverage on Fortune Brands Innovations in a research report on Monday, August 24th. They issued an “overweight” rating and a $52.00 target price on the stock. UBS Group increased their price target on Fortune Brands Innovations from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada lifted their price objective on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Fortune Brands Innovations in a report on Wednesday, August 5th. Finally, Barclays lowered their target price on shares of Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.71.

Fortune Brands Innovations Price Performance

Shares of Fortune Brands Innovations stock traded down $0.90 during trading on Tuesday, hitting $42.21. The stock had a trading volume of 2,023,875 shares, compared to its average volume of 2,706,973. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.05. The firm has a market cap of $5.04 billion, a P/E ratio of 34.32, a PEG ratio of 1.91 and a beta of 1.30. The business has a fifty day moving average of $48.85 and a two-hundred day moving average of $44.34. Fortune Brands Innovations, Inc. has a fifty-two week low of $32.34 and a fifty-two week high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last announced its earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.55. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, sell-side analysts expect that Fortune Brands Innovations, Inc. will post 3.33 earnings per share for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations’s payout ratio is presently 84.55%.

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.