Fortune Brands Innovations Inc (NYSE: FBIN) is -2.88% lower on its value in year-to-date trading and has touched a low of $62.54 and a high of $90.54 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FBIN stock was last observed hovering at around $75.04 in the last trading session, with the day’s loss setting it -1.09%.
Currently trading at $73.95, the stock is -10.29% and -12.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -1.45% at the moment leaves the stock -4.48% off its SMA200. FBIN registered 12.18% gain for a year compared to 6-month gain of 1.30%. The firm has a 50-day simple moving average (SMA 50) of $84.8194 and a 200-day simple moving average (SMA200) of $77.4158.
The stock witnessed a -16.79% loss in the last 1 month and extending the period to 3 months gives it a -4.02%, and is -6.45% 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 2.21% over the week and 2.74% over the month.
Fortune Brands Innovations Inc (FBIN) has around 11700 employees, a market worth around $9.05B and $4.67B in sales. Current P/E ratio is 20.80 and Fwd P/E is 16.22. Profit margin for the company is 9.61%. Distance from 52-week low is 18.24% and -18.32% from its 52-week high. The company has generated returns on investments over the last 12 months (9.33%).
with sales reaching $1.15B over the same period.The EPS is expected to grow by 7.64% this year, but quarterly earnings will post 0.90% year-over-year. Quarterly sales are estimated to shrink -1.02% in year-over-year returns.
Fortune Brands Innovations Inc (FBIN) Top Institutional Holders
877.0 institutions hold shares in Fortune Brands Innovations Inc (FBIN), with institutional investors hold 94.19% of the company’s shares. The shares outstanding are 126.29M, and float is at 123.42M with Short Float at 2.45%. Institutions hold 93.75% of the Float.
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Fortune Brands Innovations Inc (FBIN) Insider Activity
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Fortune Brands Innovations Inc disclosed in a document filed with the SEC on Aug 27 ’24 that HACKETT ANN F (Director) sold a total of 2,197 shares of the company’s common stock. The trade occurred on Aug 27 ’24 and was made at $79.39 per share for $0.17 million. Following the transaction, the insider now directly holds 34815.0 shares of the FBIN stock.
Still, SEC filings show that on Aug 27 ’24, HACKETT ANN F (Director) Proposed Sale 2,197 shares at an average price of $80.92 for $0.18 million. The insider now directly holds shares of Fortune Brands Innovations Inc (FBIN).
