Quadrature Capital Ltd Has $1.28 Million Stake in Fortune Brands Innovations, Inc. (NYSE:FBIN)

Quadrature Capital Ltd decreased its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBINFree Report) by 58.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,754 shares of the company’s stock after selling 24,008 shares during the quarter. Quadrature Capital Ltd’s holdings in Fortune Brands Innovations were worth $1,276,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Apollon Wealth Management LLC grew its position in shares of Fortune Brands Innovations by 2.2% during the 4th quarter. Apollon Wealth Management LLC now owns 6,867 shares of the company’s stock worth $523,000 after buying an additional 149 shares during the period. Addison Advisors LLC grew its holdings in Fortune Brands Innovations by 38.7% during the fourth quarter. Addison Advisors LLC now owns 563 shares of the company’s stock valued at $43,000 after purchasing an additional 157 shares during the period. Tributary Capital Management LLC grew its holdings in Fortune Brands Innovations by 1.9% during the fourth quarter. Tributary Capital Management LLC now owns 8,661 shares of the company’s stock valued at $659,000 after purchasing an additional 164 shares during the period. Everhart Financial Group Inc. grew its holdings in Fortune Brands Innovations by 4.6% during the fourth quarter. Everhart Financial Group Inc. now owns 4,076 shares of the company’s stock valued at $310,000 after purchasing an additional 178 shares during the period. Finally, Harbor Investment Advisory LLC grew its holdings in Fortune Brands Innovations by 23.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,028 shares of the company’s stock valued at $78,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 87.60% of the company’s stock.

Fortune Brands Innovations Stock Up 0.4 %

Fortune Brands Innovations stock opened at $66.24 on Tuesday. The stock has a market capitalization of $8.29 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.82 and a beta of 1.57. Fortune Brands Innovations, Inc. has a twelve month low of $54.10 and a twelve month high of $84.92. The company has a quick ratio of 1.08, a current ratio of 2.04 and a debt-to-equity ratio of 1.33. The company has a 50 day moving average of $73.38 and a 200-day moving average of $76.36.

Fortune Brands Innovations (NYSE:FBINGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Fortune Brands Innovations had a net margin of 8.87% and a return on equity of 22.88%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, equities research analysts anticipate that Fortune Brands Innovations, Inc. will post 4.31 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 24th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, May 23rd. Fortune Brands Innovations’s dividend payout ratio is presently 29.36%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Fortune Brands Innovations from $85.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Evercore ISI decreased their price objective on shares of Fortune Brands Innovations from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, May 1st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $79.22.

Get Our Latest Report on FBIN

Fortune Brands Innovations Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Fortune Brands Innovations (NYSE:FBIN)

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