Fortune Brands Innovations, Inc. $FBIN Shares Acquired by Maple Rock Capital Partners Inc.

Maple Rock Capital Partners Inc. boosted its stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 105.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 996,282 shares of the company’s stock after buying an additional 510,500 shares during the quarter. Maple Rock Capital Partners Inc. owned 0.83% of Fortune Brands Innovations worth $54,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Fortune Brands Innovations in the second quarter worth $1,062,255,000. Orbis Allan Gray Ltd lifted its holdings in shares of Fortune Brands Innovations by 586.7% during the 4th quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock worth $363,760,000 after acquiring an additional 6,213,274 shares during the period. Garden Investment Management L.P. acquired a new position in shares of Fortune Brands Innovations in the 1st quarter valued at $137,471,000. Pictet Asset Management Holding SA increased its holdings in shares of Fortune Brands Innovations by 74.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 7,798,078 shares of the company’s stock worth $303,757,000 after buying an additional 3,317,232 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Fortune Brands Innovations during the 2nd quarter worth $136,063,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Insider Buying and Selling at Fortune Brands Innovations

In other news, Director Edward P. Garden purchased 320,067 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were purchased at an average price of $40.60 per share, with a total value of $12,994,720.20. Following the purchase, the director directly owned 3,940,234 shares of the company’s stock, valued at approximately $159,973,500.40. This represents a 8.84% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jesse G. Singh acquired 19,725 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $51.66 per share, for a total transaction of $1,018,993.50. Following the acquisition, the chief executive officer directly owned 19,725 shares in the company, valued at $1,018,993.50. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 359,352 shares of company stock valued at $15,009,905 over the last 90 days. Insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FBIN. Royal Bank Of Canada boosted their price target on Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. cut their price objective on Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. BMO Capital Markets boosted their target price on Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Zacks Research upgraded shares of Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, UBS Group boosted their price objective on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.71.

Fortune Brands Innovations Trading Down 2.3%

Shares of FBIN opened at $44.44 on Tuesday. Fortune Brands Innovations, Inc. has a 12 month low of $32.34 and a 12 month high of $64.84. The stock’s 50-day moving average is $49.13 and its two-hundred day moving average is $44.81. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.05. The stock has a market cap of $5.30 billion, a PE ratio of 36.13, a P/E/G ratio of 3.84 and a beta of 1.31.

Fortune Brands Innovations (NYSE:FBIN) last announced its earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $0.80 by $0.55. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The company’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Equities analysts forecast that Fortune Brands Innovations, Inc. will post 3.33 earnings per share for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 21st. Fortune Brands Innovations’s payout ratio is presently 84.55%.

About Fortune Brands Innovations

Fortune Brands Innovations (NYSE: FBIN), formerly known as Fortune Brands Home & Security, is a global leader in water innovations, specializing in the design, manufacturing and marketing of plumbing fixtures, fittings and related products. Headquartered in Deerfield, Illinois, the company leverages two iconic brands—Moen and House of Rohl—to deliver high-quality kitchen and bathroom solutions across residential and commercial markets. With a focus on performance, reliability and aesthetic design, FBIN’s portfolio spans faucets, showerheads, accessories and water filtration systems.

The company’s products are sold through a diversified network of retail partners, wholesale distributors and online channels across North America, Europe, Asia-Pacific and Latin America.