Fortune Brands Innovations Inc (NYSE: FBIN) is 13.55% higher on its value in year-to-date trading and has touched a low of $54.10 and a high of $88.22 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 $87.55 in the last trading session, with the day’s loss setting it -1.09%.
Currently trading at $86.46, the stock is 6.15% and 10.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing -1.25% at the moment leaves the stock 13.96% off its SMA200. FBIN registered 38.07% gain for a year compared to 6-month loss of 5.72%. The firm has a 50-day simple moving average (SMA 50) of $78.2112 and a 200-day simple moving average (SMA200) of $75.9377.
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The stock witnessed a 6.85% gain in the last 1 month and extending the period to 3 months gives it a 32.67%, and is 1.83% up 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 1.99% over the week and 2.22% over the month.
Fortune Brands Innovations Inc (FBIN) has around 11700 employees, a market worth around $10.73B and $4.77B in sales. Current P/E ratio is 24.48 and Fwd P/E is 18.18. Profit margin for the company is 9.39%. Distance from 52-week low is 59.82% and -2.00% from its 52-week high. The company has generated returns on investments over the last 12 months (9.21%).
Fortune Brands Innovations Inc quarterly earnings per share for the current quarter are estimated at 1.14 with sales reaching $1.24B over the same period.The EPS is expected to grow by 9.64% this year, but quarterly earnings will post 3.40% year-over-year. Quarterly sales are estimated to shrink -1.30% in year-over-year returns.
872.0 institutions hold shares in Fortune Brands Innovations Inc (FBIN), with institutional investors hold 95.30% of the company’s shares. The shares outstanding are 126.29M, and float is at 123.30M with Short Float at 2.93%. Institutions hold 94.84% of the Float.
Fortune Brands Innovations Inc (FBIN) Insider Activity
The most recent transaction is an insider sale by HACKETT ANN F, the company’s Director. SEC filings show that HACKETT ANN F sold 2,197 shares of the company’s common stock on Aug 27 ’24 at a price of $79.39 per share for a total of $0.17 million. Following the sale, the insider now owns 34815.0 shares.
Still, SEC filings show that on Jul 29 ’24, Sheri Grissom (Officer) Proposed Sale 26,367 shares at an average price of $0.00 for $79.0. The insider now directly holds shares of Fortune Brands Innovations Inc (FBIN).
