Fortune Brands Innovations (NYSE:FBIN) Sets New 1-Year Low – What’s Next?

Fortune Brands Innovations, Inc. (NYSE:FBIN)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $42.68 and last traded at $42.7320, with a volume of 5478128 shares. The stock had previously closed at $43.95.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Zacks Research cut Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $61.00 price target on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Robert W. Baird set a $55.00 price target on shares of Fortune Brands Innovations in a report on Friday, February 13th. The Goldman Sachs Group reduced their price objective on shares of Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, UBS Group reissued a “buy” rating and set a $70.00 target price on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Fortune Brands Innovations has an average rating of “Hold” and an average price target of $60.00.

Fortune Brands Innovations Stock Down 0.4%

The firm has a market capitalization of $4.94 billion, a PE ratio of 16.67, a P/E/G ratio of 1.82 and a beta of 1.41. The stock has a 50-day simple moving average of $54.55 and a 200-day simple moving average of $52.83. 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 posted its quarterly earnings results on Thursday, February 12th. The company reported $0.86 earnings per share 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The firm’s 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. Analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

Institutional Investors Weigh In On Fortune Brands Innovations

A number of institutional investors have recently made changes to their positions in FBIN. Orbis Allan Gray Ltd lifted its stake 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 worth $363,760,000 after purchasing an additional 6,213,274 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Fortune Brands Innovations by 16.7% in the fourth 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 during the period. Bank of New York Mellon Corp lifted its stake in shares of Fortune Brands Innovations by 20.2% in 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 acquiring an additional 544,332 shares during the last quarter. Amundi lifted its stake 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 acquiring an additional 380,275 shares during the last quarter. Finally, Freestone Grove Partners LP boosted its holdings in Fortune Brands Innovations by 143.6% during the 4th quarter. Freestone Grove Partners LP now owns 1,949,958 shares of the company’s stock valued at $97,537,000 after acquiring an additional 1,149,583 shares during the period. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Company 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.