Aquatic Capital Management LLC Purchases 40,898 Shares of Fortune Brands Innovations, Inc. $FBIN

Aquatic Capital Management LLC raised its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 75.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,042 shares of the company’s stock after acquiring an additional 40,898 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.08% of Fortune Brands Innovations worth $5,074,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FBIN. Elevation Point Wealth Partners LLC bought a new position in Fortune Brands Innovations in the 2nd quarter worth approximately $26,000. Hilltop National Bank purchased a new stake in Fortune Brands Innovations during the 3rd quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in Fortune Brands Innovations by 158.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after buying an additional 323 shares in the last quarter. Covestor Ltd grew its holdings in Fortune Brands Innovations by 557.5% during the 3rd quarter. Covestor Ltd now owns 881 shares of the company’s stock valued at $47,000 after buying an additional 747 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Fortune Brands Innovations during the second quarter valued at approximately $47,000. 87.60% of the stock is currently owned by hedge funds and other institutional investors.

Fortune Brands Innovations Stock Up 2.1%

Shares of NYSE FBIN opened at $44.05 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. Fortune Brands Innovations, Inc. has a 12-month low of $42.95 and a 12-month high of $64.84. The firm’s 50-day moving average price is $54.98 and its 200-day moving average price is $53.02. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.84 and a beta of 1.41.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.14). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. On average, equities research analysts anticipate that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Zelman & Associates cut shares of Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research note on Friday, February 13th. Wolfe Research set a $64.00 price objective on shares of Fortune Brands Innovations in a report on Friday, February 13th. BMO Capital Markets cut their price objective on Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating for the company in a research report on Tuesday, February 17th. UBS Group reaffirmed a “buy” rating and issued a $70.00 target price on shares of Fortune Brands Innovations in a report on Friday, February 13th. Finally, Robert W. Baird set a $55.00 target price on Fortune Brands Innovations in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.00.

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.