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Retirement Systems of Alabama Has $15.56 Million Stock Holdings in Fortune Brands Innovations, Inc. $FBIN
Retirement Systems of Alabama increased its stake in Fortune Brands Innovations (NYSE:FBIN) by 11.5%, bringing its total holdings to 311,023 shares valued at approximately $15.56 million. Other institutional investors like Dimensional Fund Advisors LP, Amundi, and Bank of New York Mellon Corp also recently boosted their positions in the company. Fortune Brands Innovations reported mixed financial results, missing quarterly EPS and revenue expectations, and analysts maintain a “Hold” consensus rating with an average price target of $59.09.