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

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have earned an average rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $64.20.

FBIN has been the topic of a number of research analyst reports. Vertical Research assumed coverage on shares of Fortune Brands Innovations in a report on Tuesday, October 21st. They issued a “hold” rating and a $52.00 price target on the stock. UBS Group dropped their target price on shares of Fortune Brands Innovations from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Royal Bank Of Canada decreased their price target on shares of Fortune Brands Innovations from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Monday, December 22nd. Finally, Evercore ISI reissued an “outperform” rating on shares of Fortune Brands Innovations in a report on Friday, October 31st.

Fortune Brands Innovations Price Performance

Shares of NYSE FBIN opened at $51.33 on Friday. The company has a market capitalization of $6.17 billion, a PE ratio of 19.15, a PEG ratio of 3.80 and a beta of 1.40. The company has a quick ratio of 0.94, a current ratio of 1.95 and a debt-to-equity ratio of 1.12. The stock’s 50 day moving average price is $50.09 and its 200-day moving average price is $53.15. Fortune Brands Innovations has a twelve month low of $44.04 and a twelve month high of $75.82.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.01). The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Fortune Brands Innovations had a return on equity of 19.28% and a net margin of 7.30%.The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 EPS. Fortune Brands Innovations has set its FY 2025 guidance at 3.700-3.800 EPS. On average, equities analysts anticipate that Fortune Brands Innovations will post 4.24 EPS for the current year.

Fortune Brands Innovations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 20th will be issued a $0.26 dividend. This is an increase from Fortune Brands Innovations’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.04 annualized dividend and a yield of 2.0%. Fortune Brands Innovations’s payout ratio is 37.31%.

Hedge Funds Weigh In On Fortune Brands Innovations

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FBIN. Alpha Omega Wealth Management LLC lifted its stake in Fortune Brands Innovations by 64.2% during the second quarter. Alpha Omega Wealth Management LLC now owns 44,841 shares of the company’s stock worth $2,308,000 after purchasing an additional 17,526 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Fortune Brands Innovations by 9.1% during the 2nd quarter. First Trust Advisors LP now owns 1,165,342 shares of the company’s stock valued at $59,992,000 after buying an additional 97,662 shares in the last quarter. Keeler Thomas Management LLC purchased a new position in shares of Fortune Brands Innovations during the 2nd quarter valued at about $920,000. Teacher Retirement System of Texas lifted its position in Fortune Brands Innovations by 63.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 29,593 shares of the company’s stock worth $1,523,000 after buying an additional 11,433 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in Fortune Brands Innovations in the second quarter worth approximately $2,717,000. Institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Company Profile

Fortune Brands Innovations (NYSE: FBIN), formerly known as Fortune Brands Home & Security, is a global leader in water innovations, specializing in the design, manufacturing and marketing of plumbing fixtures, fittings and related products. Headquartered in Deerfield, Illinois, the company leverages two iconic brands—Moen and House of Rohl—to deliver high-quality kitchen and bathroom solutions across residential and commercial markets. With a focus on performance, reliability and aesthetic design, FBIN’s portfolio spans faucets, showerheads, accessories and water filtration systems.

The company’s products are sold through a diversified network of retail partners, wholesale distributors and online channels across North America, Europe, Asia-Pacific and Latin America.