In yesterday’s Wall Street session, Fortune Brands Innovations Inc (NYSE:FBIN) shares traded at $69.84, up 0.27% from the previous session.
FBIN stock price is now -12.15% away from the 50-day moving average and -9.11% away from the 200-day moving average. The market capitalization of the company currently stands at $8.68B.
With the price target enhanced from $76 to $82, BMO Capital Markets Downgraded its rating from Outperform to Market Perform for Fortune Brands Innovations Inc (NYSE: FBIN). , while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Sheri Grissom, Officer bought 16,202 shares of the company’s stock on Nov 12 ’24. The stock was bought for $1,245,768 at an average price of $76.89. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, Director HACKETT ANN F sold 2,197 shares of the business’s stock. A total of $174,414 was realized by selling the stock at an average price of $79.39. This leaves the insider owning 34,815 shares of the company worth $2.43 million. A total of 0.65% of the company’s stock is owned by insiders.
During the past 12 months, Fortune Brands Innovations Inc has had a low of $62.54 and a high of $90.54. As of last week, the company has a debt-to-equity ratio of 1.21, a current ratio of 1.32, and a quick ratio of 0.69. According to the stock market information, the enterprise value for the company is $11215099904, which is based on a 19.65 price-to-earnings ratio, a 2.64 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for FBIN is $79.8806 and a two-hundred day moving average price translates $76.8987 for the stock.
The latest earnings results from Fortune Brands Innovations Inc (NYSE: FBIN) was released for 2024-09-28. The net profit margin was 9.61% and return on equity was 19.42% for FBIN. The company reported revenue of $1.16 billion for the quarter, compared to $1.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.4 percent.
