The stock price of Fortune Brands Innovations Inc (NYSE: FBIN) has surged by 1.41 when compared to previous closing price of 86.46, but the company has seen a -0.26% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-09-23 that DEERFIELD, Ill.–(BUSINESS WIRE)– #FBIN–Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced that its Board of Directors declared a quarterly cash dividend of $0.24 per common share. The dividend is payable on December 11, 2024, to stockholders of record as of the close of business on November 22, 2024. About Fortune Brands Innovations.
Is It Worth Investing in Fortune Brands Innovations Inc (NYSE: FBIN) Right Now?
The price-to-earnings ratio for Fortune Brands Innovations Inc (NYSE: FBIN) is 24.83x, which is above its average ratio. Moreover, the 36-month beta value for FBIN is 1.50. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 1 as “sell.”
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The public float for FBIN is 123.30M and currently, short sellers hold a 2.93% of that float. On September 27, 2024, FBIN’s average trading volume was 1.38M shares.
FBIN’s Market Performance
FBIN stock saw an increase of -0.26% in the past week, with a monthly gain of 10.57% and a quarterly increase of 33.92%. The volatility ratio for the week is 1.84%, and the volatility levels for the last 30 days are 2.26% for Fortune Brands Innovations Inc (FBIN). The simple moving average for the past 20 days is 7.17% for FBIN’s stock, with a 15.46% simple moving average for the past 200 days.
Analysts’ Opinion of FBIN
Many brokerage firms have already submitted their reports for FBIN stocks, with BMO Capital Markets repeating the rating for FBIN by listing it as a “Market Perform.” The predicted price for FBIN in the upcoming period, according to BMO Capital Markets is $82 based on the research report published on January 31, 2024 of the current year 2024.
JP Morgan gave a rating of “Neutral” to FBIN, setting the target price at $70 in the report published on June 23rd of the previous year.
FBIN Trading at 12.11% from the 50-Day Moving Average
After a stumble in the market that brought FBIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.61% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +11.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.60% upper at present.
During the last 5 trading sessions, FBIN fell by -0.26%, which changed the moving average for the period of 200-days by +19.41% in comparison to the 20-day moving average, which settled at $82.25. In addition, Fortune Brands Innovations Inc saw 15.16% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FBIN starting from HACKETT ANN F, who sale 2,197 shares at the price of $79.39 back on Aug 27 ’24. After this action, HACKETT ANN F now owns 34,815 shares of Fortune Brands Innovations Inc, valued at $174,414 using the latest closing price.
HACKETT ANN F, the Director of Fortune Brands Innovations Inc, proposed sale 2,197 shares at $80.92 during a trade that took place back on Aug 27 ’24, which means that HACKETT ANN F is holding shares at $177,781 based on the most recent closing price.
Stock Fundamentals for FBIN
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.42 for the gross margin
The net margin for Fortune Brands Innovations Inc stands at 0.09. The total capital return value is set at 0.14. Equity return is now at value 19.88, with 6.62 for asset returns.
Based on Fortune Brands Innovations Inc (FBIN), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.24. The interest coverage ratio of the stock is 5.95.
Currently, EBITDA for the company is 833.4 million with net debt to EBITDA at 2.82. When we switch over and look at the enterprise to sales, we see a ratio of 2.84. The receivables turnover for the company is 8.04for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
To wrap up, the performance of Fortune Brands Innovations Inc (FBIN) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
