APG Asset Management N.V. Has $4.40 Million Position in Fortune Brands Innovations, Inc. (NYSE:FBIN)

APG Asset Management N.V. grew its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 32.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,600 shares of the company's stock after purchasing an additional 16,495 shares during the quarter. APG Asset Management N.V. owned about 0.05% of Fortune Brands Innovations worth $4,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Fortune Brands Innovations by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 864,833 shares of the company's stock valued at $59,094,000 after buying an additional 11,722 shares in the last quarter. Trust Point Inc. acquired a new stake in Fortune Brands Innovations in the 4th quarter worth approximately $319,000. Raymond James Financial Inc. bought a new stake in Fortune Brands Innovations during the fourth quarter worth approximately $40,027,000. SG Americas Securities LLC boosted its position in Fortune Brands Innovations by 812.5% during the fourth quarter. SG Americas Securities LLC now owns 33,543 shares of the company's stock worth $2,292,000 after purchasing an additional 29,867 shares during the period. Finally, M&T Bank Corp grew its holdings in Fortune Brands Innovations by 41.9% during the fourth quarter. M&T Bank Corp now owns 23,591 shares of the company's stock valued at $1,612,000 after purchasing an additional 6,971 shares during the last quarter. Institutional investors and hedge funds own 87.60% of the company's stock.

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Insider Activity

In other news, EVP Ron Wilson sold 1,500 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 10,066 shares in the company, valued at approximately $693,950.04. The trade was a 12.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kristin Papesh bought 483 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $61.99 per share, with a total value of $29,941.17. Following the transaction, the executive vice president now directly owns 7,617 shares in the company, valued at $472,177.83. This 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.

Fortune Brands Innovations Stock Performance

FBIN stock traded down $0.06 during midday trading on Tuesday, hitting $51.48. The stock had a trading volume of 2,078,481 shares, compared to its average volume of 1,390,717. Fortune Brands Innovations, Inc. has a 52 week low of $47.21 and a 52 week high of $90.54. The company has a current ratio of 1.25, a quick ratio of 0.65 and a debt-to-equity ratio of 0.90. The stock has a 50-day simple moving average of $61.95 and a 200 day simple moving average of $72.15. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 2.00 and a beta of 1.42.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.98 EPS for the quarter, missing analysts' consensus estimates 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, equities research analysts anticipate that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FBIN has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Fortune Brands Innovations from $79.00 to $68.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group lowered their price target on Fortune Brands Innovations from $97.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. UBS Group cut their price objective on Fortune Brands Innovations from $93.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on Fortune Brands Innovations in a report on Tuesday, April 1st. They issued a "hold" rating and a $70.00 target price on the stock. Finally, Royal Bank of Canada cut their price target on Fortune Brands Innovations from $75.00 to $70.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $84.33.

Fortune Brands Innovations 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.