Fortune Brands Innovations (NYSE:FBIN) Price Target Cut to $42.00 by Analysts at Bank of America

Fortune Brands Innovations (NYSE:FBIN) had its price target trimmed by Bank of America from $52.00 to $42.00 in a report published on Monday,Benzinga reports. The brokerage currently has an underperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird set a $55.00 price target on Fortune Brands Innovations in a report on Friday, February 13th. BMO Capital Markets reduced their target price on Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Monday, December 29th. UBS Group reissued a “buy” rating and set a $70.00 target price on shares of Fortune Brands Innovations in a report on Friday, February 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $61.00 target price on shares of Fortune Brands Innovations in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Fortune Brands Innovations presently has a consensus rating of “Hold” and a consensus price target of $56.17.

Fortune Brands Innovations Stock Performance

NYSE FBIN opened at $41.41 on Monday. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.72 and a beta of 1.49. Fortune Brands Innovations has a twelve month low of $36.07 and a twelve month high of $64.84. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. The stock has a 50-day moving average of $45.62 and a 200 day moving average of $49.96.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.14). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.14 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Sell-side analysts anticipate that Fortune Brands Innovations will post 3.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Fortune Brands Innovations

A number of hedge funds have recently made changes to their positions in the company. Kestra Private Wealth Services LLC acquired a new position in shares of Fortune Brands Innovations during the first quarter valued at approximately $216,000. SG Americas Securities LLC grew its position in shares of Fortune Brands Innovations by 112.5% in the first quarter. SG Americas Securities LLC now owns 203,990 shares of the company’s stock valued at $7,949,000 after purchasing an additional 108,016 shares in the last quarter. Vulcan Value Partners LLC grew its position in shares of Fortune Brands Innovations by 18.2% in the fourth quarter. Vulcan Value Partners LLC now owns 353,520 shares of the company’s stock valued at $17,683,000 after purchasing an additional 54,492 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Fortune Brands Innovations by 70.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,434 shares of the company’s stock valued at $272,000 after purchasing an additional 2,242 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of Fortune Brands Innovations by 112.7% in the fourth quarter. Corient Private Wealth LLC now owns 43,447 shares of the company’s stock valued at $2,174,000 after purchasing an additional 23,022 shares in the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

About Fortune Brands Innovations

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.