Fortune Brands Innovations, Inc. (NYSE:FBIN) Receives Average Rating of “Hold” from Analysts

Fortune Brands Innovations, Inc. (NYSE:FBINGet Free Report) has received a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $79.22.

FBIN has been the topic of a number of research analyst reports. Evercore ISI dropped their price target on Fortune Brands Innovations from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, May 1st. Robert W. Baird raised their price target on Fortune Brands Innovations from $85.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st.

Get Our Latest Stock Analysis on FBIN

Insider Buying and Selling

In related news, Director Ronald V. Waters sold 2,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $81.10, for a total transaction of $162,200.00. Following the completion of the transaction, the director now directly owns 2,435 shares in the company, valued at $197,478.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FBIN. Tobam raised its stake in Fortune Brands Innovations by 1,181.5% in the 4th quarter. Tobam now owns 346 shares of the company’s stock worth $26,000 after purchasing an additional 319 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Fortune Brands Innovations in the fourth quarter valued at approximately $27,000. Principal Securities Inc. bought a new stake in Fortune Brands Innovations in the fourth quarter valued at approximately $29,000. Operose Advisors LLC acquired a new position in Fortune Brands Innovations in the third quarter valued at approximately $31,000. Finally, LRI Investments LLC acquired a new position in Fortune Brands Innovations in the first quarter valued at approximately $34,000. 87.60% of the stock is currently owned by institutional investors.

Fortune Brands Innovations Trading Up 1.8 %

NYSE:FBIN opened at $70.06 on Friday. Fortune Brands Innovations has a 1-year low of $54.10 and a 1-year high of $84.92. The business’s 50-day moving average price is $75.34 and its two-hundred day moving average price is $76.18. The company has a current ratio of 2.04, a quick ratio of 1.08 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.87 and a beta of 1.58.

Fortune Brands Innovations (NYSE:FBINGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.07. Fortune Brands Innovations had a return on equity of 22.88% and a net margin of 8.87%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts expect that Fortune Brands Innovations will post 4.31 earnings per share for the current year.

Fortune Brands Innovations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 24th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.37%. Fortune Brands Innovations’s payout ratio is presently 29.36%.

About Fortune Brands Innovations

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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.

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Analyst Recommendations for Fortune Brands Innovations (NYSE:FBIN)

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