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

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have earned an average rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $60.00.

Several equities research analysts have recently commented on FBIN shares. Robert W. Baird set a $55.00 target price on Fortune Brands Innovations in a report on Friday, February 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $61.00 target price on shares of Fortune Brands Innovations in a report on Friday, February 13th. Zacks Research lowered shares of Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Zelman & Associates lowered shares of Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research note on Friday, February 13th. Finally, UBS Group reissued a “buy” rating and set a $70.00 target price on shares of Fortune Brands Innovations in a research note on Friday, February 13th.

Hedge Funds Weigh In On Fortune Brands Innovations

Several institutional investors and hedge funds have recently bought and sold shares of the business. Orbis Allan Gray Ltd lifted its position in shares of Fortune Brands Innovations by 586.7% in the fourth quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock worth $363,760,000 after purchasing an additional 6,213,274 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Fortune Brands Innovations by 16.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,792,715 shares of the company’s stock worth $189,717,000 after buying an additional 541,633 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Fortune Brands Innovations by 20.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,236,159 shares of the company’s stock valued at $161,873,000 after buying an additional 544,332 shares during the period. Amundi grew its holdings in shares of Fortune Brands Innovations by 15.2% during the 3rd quarter. Amundi now owns 2,879,208 shares of the company’s stock valued at $152,263,000 after acquiring an additional 380,275 shares in the last quarter. Finally, Freestone Grove Partners LP raised its holdings in shares of Fortune Brands Innovations by 143.6% during the fourth quarter. Freestone Grove Partners LP now owns 1,949,958 shares of the company’s stock worth $97,537,000 after acquiring an additional 1,149,583 shares in the last quarter. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Stock Down 4.3%

NYSE FBIN opened at $43.21 on Friday. Fortune Brands Innovations has a 12 month low of $42.95 and a 12 month high of $64.84. The company has a market capitalization of $5.18 billion, a P/E ratio of 17.49, a PEG ratio of 1.92 and a beta of 1.41. The company’s 50 day simple moving average is $55.27 and its 200 day simple moving average is $53.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.84 and a quick ratio of 0.89.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.14). Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $0.98 EPS. The company’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. Equities research analysts expect that Fortune Brands Innovations will post 4.24 earnings per share for the current fiscal year.

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.