Fortune Brands Innovations (NYSE:FBIN) Sets New 52-Week Low – What’s Next?

Fortune Brands Innovations, Inc. (NYSE:FBIN)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $37.07 and last traded at $37.1570, with a volume of 2799145 shares trading hands. The stock had previously closed at $38.17.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FBIN shares. BMO Capital Markets lowered their price target on Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. Zelman & Associates cut Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research report on Friday, February 13th. Zacks Research downgraded Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Barclays lowered Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $68.00 to $55.00 in a report on Friday, February 13th. Finally, The Goldman Sachs Group cut their price target on Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fortune Brands Innovations presently has a consensus rating of “Hold” and a consensus price target of $60.00.

Fortune Brands Innovations Stock Down 2.7%

The stock has a market capitalization of $4.45 billion, a PE ratio of 15.04, a PEG ratio of 1.62 and a beta of 1.41. The firm’s fifty day moving average is $51.26 and its 200-day moving average is $51.65. 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 (NYSE:FBIN) last announced its quarterly earnings data 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). Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the firm posted $0.98 EPS. Fortune Brands Innovations’s revenue for the quarter 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. On average, equities research analysts predict that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Institutional Trading of Fortune Brands Innovations

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

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.