Fortune Brands Innovations Inc (NYSE: FBIN) is 4.02% higher on its value in year-to-date trading and has touched a low of $54.10 and a high of $83.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FBIN stock was last observed hovering at around $81.23 in the last trading session, with the day’s loss setting it -2.03%.
Currently trading at $79.20, the stock is -2.01% and 0.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing -2.50% at the moment leaves the stock 12.99% off its SMA200. FBIN registered 37.64% gain for a year compared to 6-month gain of 23.42%. The firm has a 50-day simple moving average (SMA 50) of $2.69 and a 200-day simple moving average (SMA200) of $15.48.
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The stock witnessed a 0.98% loss in the last 1 month and extending the period to 3 months gives it a 7.24%, and is -2.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.04% over the week and 1.76% over the month.
Fortune Brands Innovations Inc (FBIN) has around 11700 employees, a market worth around $9.99B and $4.63B in sales. Current P/E ratio is 25.01 and Fwd P/E is 16.52. Profit margin for the company is 8.74%. Distance from 52-week low is 46.40% and -5.55% from its 52-week high. The company has generated returns on investments over the last 12 months (7.92%).
Fortune Brands Innovations Inc quarterly earnings per share for the current quarter are estimated at $0.74 with sales reaching $1.08B over the same period.The EPS is expected to grow by 9.83% this year, but quarterly earnings will post 4.80% year-over-year. Quarterly sales are estimated to grow 3.50% in year-over-year returns.
861 institutions hold shares in Fortune Brands Innovations Inc (FBIN), with institutional investors hold 91.39% of the company’s shares. The shares outstanding are 126.29M, and float is at 125.25M with Short Float at 1.81%. Institutions hold 90.98% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 14.62 million shares valued at $1.05 billion. The investor’s holdings represent 11.52% of the FBIN Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 12.36 million shares valued at $889.28 million to account for 9.74% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 5.46 million shares representing 4.30% and valued at over $392.94 million, while State Street Corporation holds 4.00% of the shares totaling 5.07 million with a market value of $365.01 million.
Fortune Brands Innovations Inc (FBIN) Insider Activity
The most recent transaction is an insider sale by WATERS RONALD V, the company’s Director. SEC filings show that WATERS RONALD V sold 2,000 shares of the company’s common stock on Mar 11 ’24 at a price of $81.10 per share for a total of $0.16 million. Following the sale, the insider now owns 2435.0 shares.
Fortune Brands Innovations Inc disclosed in a document filed with the SEC on Mar 05 ’24 that PHYFER CHERI M (EVP, Group President) sold a total of 19,530 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $81.60 per share for $1.59 million. Following the transaction, the insider now directly holds 64918.0 shares of the FBIN stock.
Still, SEC filings show that on Jun 09 ’23, HACKETT ANN F (Director) disposed off 4,835 shares at an average price of $65.78 for $0.32 million. The insider now directly holds 34,815 shares of Fortune Brands Innovations Inc (FBIN).
