The stock of Fortune Brands Innovations Inc (NYSE: FBIN) has decreased by -1.18 when compared to last closing price of 76.20.Despite this, the company has seen a loss of -10.65% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-07 that I maintain a buy rating on Fortune Brands Innovations, expecting growth recovery in FY25 driven by improved housing demand and a successful connected product strategy. Despite an 8.4% sales decline, margin expansion across all segments indicates effective management, with potential for further margin improvement. FBIN’s connected product strategy shows strong growth potential, with significant revenue opportunities from insurance contracts and homeowner talks.
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 21.18x, which is above its average ratio. Moreover, the 36-month beta value for FBIN is 1.47. 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 123.42M and currently, short sellers hold a 2.45% of that float. On November 14, 2024, FBIN’s average trading volume was 1.08M shares.
FBIN’s Market Performance
FBIN’s stock has seen a -10.65% decrease for the week, with a -15.36% drop in the past month and a -2.80% fall in the past quarter. The volatility ratio for the week is 3.45%, and the volatility levels for the past 30 days are at 2.73% for Fortune Brands Innovations Inc. The simple moving average for the past 20 days is -10.28% for FBIN’s stock, with a -2.78% 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 -11.32% 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 -16.83% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 3.45%, as shares sank -16.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.26% lower at present.
During the last 5 trading sessions, FBIN fell by -10.65%, which changed the moving average for the period of 200-days by -6.80% in comparison to the 20-day moving average, which settled at $83.93. In addition, Fortune Brands Innovations Inc saw -1.10% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FBIN starting from Sheri Grissom, who proposed sale 16,202 shares at the price of $76.89 back on Nov 12 ’24. After this action, Sheri Grissom now owns shares of Fortune Brands Innovations Inc, valued at $1,245,768 using the latest closing price.
HACKETT ANN F, the Director of Fortune Brands Innovations Inc, sale 2,197 shares at $79.39 during a trade that took place back on Aug 27 ’24, which means that HACKETT ANN F is holding 34,815 shares at $174,414 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
- 0.41 for the gross margin
The net margin for Fortune Brands Innovations Inc stands at 0.1. The total capital return value is set at 0.15. Equity return is now at value 19.42, with 6.78 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 0.19. The debt to equity ratio resting at 1.21. The interest coverage ratio of the stock is 6.17.
Currently, EBITDA for the company is 873.0 million with net debt to EBITDA at 2.54. When we switch over and look at the enterprise to sales, we see a ratio of 2.53. The receivables turnover for the company is 8.39for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
To wrap up, the performance of Fortune Brands Innovations Inc (FBIN) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
