Fortune Brands Innovations (NYSE:FBIN) Given New $43.00 Price Target at Barclays

Fortune Brands Innovations (NYSE:FBIN) had its price target lowered by Barclays from $55.00 to $43.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 6.90% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. BMO Capital Markets cut their price target on shares of 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. Wolfe Research set a $64.00 price objective on Fortune Brands Innovations in a research report on Friday, February 13th. Zacks Research lowered Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $61.00 price objective on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Finally, Robert W. Baird set a $55.00 price objective on Fortune Brands Innovations in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fortune Brands Innovations currently has an average rating of “Hold” and a consensus price target of $58.00.

Fortune Brands Innovations Trading Up 7.6%

Fortune Brands Innovations stock traded up $2.85 during trading hours on Wednesday, reaching $40.23. The stock had a trading volume of 745,899 shares, compared to its average volume of 2,890,908. The stock has a market cap of $4.82 billion, a PE ratio of 16.28, a PEG ratio of 1.58 and a beta of 1.49. Fortune Brands Innovations has a 52 week low of $36.07 and a 52 week high of $64.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.84 and a quick ratio of 0.89. The company has a fifty day simple moving average of $48.77 and a 200-day simple moving average of $50.81.

Fortune Brands Innovations (NYSE:FBIN) last announced its quarterly earnings results 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). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.14 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.Fortune Brands Innovations’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Analysts forecast that Fortune Brands Innovations will post 4.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Fortune Brands Innovations

Several hedge funds have recently made changes to their positions in FBIN. Orbis Allan Gray Ltd boosted its position in shares of Fortune Brands Innovations by 586.7% during the fourth quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock valued at $363,760,000 after purchasing an additional 6,213,274 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Fortune Brands Innovations during the second quarter worth about $87,611,000. Norges Bank bought a new stake in Fortune Brands Innovations during the fourth quarter worth about $83,796,000. Bank of New York Mellon Corp boosted its stake in Fortune Brands Innovations by 147.8% during the third quarter. Bank of New York Mellon Corp now owns 2,691,827 shares of the company’s stock worth $143,717,000 after acquiring an additional 1,605,453 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Fortune Brands Innovations during the second quarter worth about $77,441,000. 87.60% of the stock is currently owned by institutional investors.

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.