6,853 Shares in Fortune Brands Innovations, Inc. (NYSE:FBIN) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,853 shares of the company’s stock, valued at approximately $522,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FBIN. Sound Income Strategies LLC bought a new stake in Fortune Brands Innovations during the 4th quarter valued at $27,000. Operose Advisors LLC bought a new stake in Fortune Brands Innovations during the 3rd quarter valued at $31,000. BluePath Capital Management LLC bought a new stake in Fortune Brands Innovations during the 3rd quarter valued at $32,000. Cullen Frost Bankers Inc. raised its position in Fortune Brands Innovations by 7,122.2% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 650 shares of the company’s stock valued at $40,000 after purchasing an additional 641 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Fortune Brands Innovations by 34.5% during the 4th quarter. Blue Trust Inc. now owns 873 shares of the company’s stock valued at $66,000 after purchasing an additional 224 shares in the last quarter. 87.60% of the stock is owned by institutional investors.

Fortune Brands Innovations Stock Down 0.4 %

Shares of FBIN stock opened at $73.22 on Friday. Fortune Brands Innovations, Inc. has a 1-year low of $54.10 and a 1-year high of $84.92. The stock’s fifty day moving average price is $79.81 and its 200 day moving average price is $73.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.70 and a quick ratio of 0.89. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.57.

Fortune Brands Innovations (NYSE:FBIN) last announced its earnings results on Tuesday, January 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $1.07 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts expect that Fortune Brands Innovations, Inc. will post 4.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FBIN. Robert W. Baird reduced their price target on Fortune Brands Innovations from $86.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Oppenheimer began coverage on Fortune Brands Innovations in a research report on Friday, January 19th. They issued a “market perform” rating for the company. Barclays boosted their price target on Fortune Brands Innovations from $87.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $82.00 price target (up from $76.00) on shares of Fortune Brands Innovations in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $78.44.

Insider Buying and Selling at Fortune Brands Innovations

In other news, Director Ronald V. Waters sold 2,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $81.10, for a total value of $162,200.00. Following the transaction, the director now directly owns 2,435 shares of the company’s stock, valued at $197,478.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

About Fortune Brands Innovations

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.