Caprock Group LLC Makes New Investment in Fortune Brands Innovations, Inc. $FBIN

Caprock Group LLC purchased a new stake in Fortune Brands Innovations, Inc. (NYSE:FBIN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,462 shares of the company’s stock, valued at approximately $615,000.

Other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC raised its holdings in Fortune Brands Innovations by 91.6% during the 3rd quarter. ProShare Advisors LLC now owns 10,212 shares of the company’s stock valued at $545,000 after acquiring an additional 4,881 shares during the period. Savant Capital LLC grew its position in shares of Fortune Brands Innovations by 24.5% in the third quarter. Savant Capital LLC now owns 4,907 shares of the company’s stock valued at $262,000 after purchasing an additional 965 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Fortune Brands Innovations by 106.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 103,371 shares of the company’s stock valued at $5,519,000 after purchasing an additional 53,403 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Fortune Brands Innovations by 122.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,056 shares of the company’s stock valued at $163,000 after purchasing an additional 1,682 shares during the period. Finally, Keeler Thomas Management LLC lifted its holdings in Fortune Brands Innovations by 6.2% during the 3rd quarter. Keeler Thomas Management LLC now owns 18,996 shares of the company’s stock worth $1,014,000 after purchasing an additional 1,117 shares in the last quarter. 87.60% of the stock is currently owned by hedge funds and other institutional investors.

Fortune Brands Innovations Stock Performance

Fortune Brands Innovations stock opened at $51.18 on Tuesday. The firm has a fifty day simple moving average of $55.31 and a two-hundred day simple moving average of $54.13. The company has a quick ratio of 0.89, a current ratio of 1.84 and a debt-to-equity ratio of 1.07. Fortune Brands Innovations, Inc. has a twelve month low of $44.04 and a twelve month high of $70.05. The company has a market capitalization of $6.15 billion, a PE ratio of 20.72, a P/E/G ratio of 4.99 and a beta of 1.41.

Fortune Brands Innovations (NYSE:FBIN) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.14). Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Research analysts expect that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

Fortune Brands Innovations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 20th will be paid 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 dividend on an annualized basis and a yield of 2.0%. Fortune Brands Innovations’s payout ratio is presently 40.49%.

Analysts Set New Price Targets

FBIN has been the subject of a number of recent analyst reports. Barclays lowered Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $68.00 to $55.00 in a report on Friday. Evercore reaffirmed an “outperform” rating on shares of Fortune Brands Innovations in a report on Friday, October 31st. Vertical Research started coverage on shares of Fortune Brands Innovations in a research note on Tuesday, October 21st. They issued a “hold” rating and a $52.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $61.00 price target on shares of Fortune Brands Innovations in a research report on Friday. Finally, Zelman & Associates cut shares of Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fortune Brands Innovations presently has a consensus rating of “Hold” and an average target price of $60.30.

Fortune Brands Innovations 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.