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Fortune Brands Innovations, Inc. (NYSE:FBIN) saw a notable transaction as Kristin Papesh, the company’s Executive Vice President and Chief Human Resources Officer, acquired shares valued at approximately $29,943. The timing of this purchase is particularly interesting, as InvestingPro data shows the stock trading near its 52-week low of $60.81, with shares down about 8% year-to-date. The transaction, which took place on March 4, involved the purchase of 483 shares at a price of $61.99 per share. Following this acquisition, Papesh’s direct holdings amount to 7,617 shares, which includes 6,363 restricted stock units that have yet to vest. This move reflects a continued commitment by the executive to the company’s stock, which according to InvestingPro analysis appears undervalued at current levels. With a P/E ratio of 16.57x and an RSI indicating oversold conditions, investors can access more detailed valuation insights through InvestingPro’s comprehensive research report, available for over 1,400 US stocks.
In other recent news, Fortune Brands Home & Security Inc. reported its fourth-quarter earnings for 2024, which fell short of expectations. The company announced an earnings per share (EPS) of $0.98, missing the anticipated $1.06, and reported revenue of $1.1 billion, below the forecasted $1.15 billion. For the full year, Fortune Brands achieved net sales of $4.6 billion, unchanged from the previous year, but managed to increase its EPS by 5% to $4.12. Operating margins improved by 90 basis points to 16.9%, reflecting strategic efforts to optimize business operations.
Looking ahead to 2025, Fortune Brands projects net sales growth of flat to 3%, with operating margins expected between 16.5% and 17.5%. The company also anticipates EPS in the range of $4.15 to $4.45 and free cash flow between $580 million and $620 million. In addition, the digital segment is expected to contribute 150 basis points of growth to the company’s overall sales. Despite challenges, such as a recent software outage impacting its security segment, Fortune Brands is optimistic about its strategic investments and growth in digital and connected products.
In terms of analyst actions, Fortune Brands did not receive any specific upgrades or downgrades in the recent period. However, the company’s ongoing initiatives, including the consolidation of regional offices into a new headquarters in Deerfield, Illinois, and a simplified leadership structure, are aimed at enhancing operational efficiency and growth potential. These developments reflect Fortune Brands’ commitment to long-term growth and value creation for shareholders.
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