Fortune Brands Innovations, Inc. (NYSE:FBIN) Stock Holdings Trimmed by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. decreased its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 62.8% in the 4th quarter, HoldingsChannel reports. The firm owned 14,517 shares of the company’s stock after selling 24,471 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Fortune Brands Innovations were worth $992,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FBIN. Flagship Wealth Advisors LLC acquired a new stake in Fortune Brands Innovations in the fourth quarter worth about $31,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Fortune Brands Innovations in the 4th quarter worth approximately $55,000. IFP Advisors Inc boosted its holdings in shares of Fortune Brands Innovations by 47.6% in the fourth quarter. IFP Advisors Inc now owns 853 shares of the company’s stock valued at $62,000 after acquiring an additional 275 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Fortune Brands Innovations during the fourth quarter valued at approximately $82,000. Finally, Blue Trust Inc. raised its holdings in Fortune Brands Innovations by 18.0% during the fourth quarter. Blue Trust Inc. now owns 1,436 shares of the company’s stock worth $98,000 after purchasing an additional 219 shares in the last quarter. 87.60% of the stock is owned by institutional investors and hedge funds.

Fortune Brands Innovations Stock Down 3.7 %

Shares of NYSE:FBIN opened at $52.98 on Friday. The firm has a 50 day simple moving average of $65.18 and a 200 day simple moving average of $74.15. Fortune Brands Innovations, Inc. has a 52 week low of $50.61 and a 52 week high of $90.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.65 and a current ratio of 1.25. The company has a market cap of $6.42 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 2.00 and a beta of 1.42.

Fortune Brands Innovations (NYSE:FBIN) last issued its earnings results on Thursday, February 6th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.07). Fortune Brands Innovations had a return on equity of 22.05% and a net margin of 10.24%. As a group, research analysts expect that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Insiders Place Their Bets

In other Fortune Brands Innovations news, EVP Ron Wilson sold 1,500 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $68.94, for a total value of $103,410.00. Following the completion of the sale, the executive vice president now owns 10,066 shares in the company, valued at $693,950.04. This represents a 12.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kristin Papesh bought 483 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $61.99 per share, with a total value of $29,941.17. Following the purchase, the executive vice president now directly owns 7,617 shares in the company, valued at approximately $472,177.83. This trade represents a 6.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

FBIN has been the subject of a number of research reports. Royal Bank of Canada decreased their price target on Fortune Brands Innovations from $75.00 to $70.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on Fortune Brands Innovations in a report on Tuesday, April 1st. They set a “hold” rating and a $70.00 target price on the stock. Barclays reduced their price objective on shares of Fortune Brands Innovations from $91.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. UBS Group dropped their target price on shares of Fortune Brands Innovations from $93.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, The Goldman Sachs Group reduced their target price on shares of Fortune Brands Innovations from $97.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Fortune Brands Innovations has an average rating of “Hold” and a consensus target price of $85.25.

Fortune Brands Innovations Company Profile

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.