Brokerages Set Fortune Brands Innovations, Inc. (NYSE:FBIN) Price Target at $55.71

Fortune Brands Innovations, Inc. (NYSE:FBIN) has received an average rating of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $55.7143.

A number of analysts recently weighed in on FBIN shares. UBS Group increased their price target on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. BMO Capital Markets upped their target price on shares of Fortune Brands Innovations from $50.00 to $53.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Evercore set a $56.00 price target on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. Finally, DA Davidson started coverage on shares of Fortune Brands Innovations in a report on Monday, August 24th. They issued a “buy” rating and a $64.00 price target for the company.

Insider Transactions at Fortune Brands Innovations

In other Fortune Brands Innovations news, CEO Jesse Singh bought 19,725 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of $51.66 per share, with a total value of $1,018,993.50. Following the completion of the purchase, the chief executive officer owned 19,725 shares in the company, valued at approximately $1,018,993.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On Fortune Brands Innovations

Hedge funds have recently modified their holdings of the business. Garden Investment Management L.P. acquired a new position in shares of Fortune Brands Innovations during the 1st quarter worth about $137,471,000. Diamond Hill Capital Management Inc. grew its holdings in shares of Fortune Brands Innovations by 7.3% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 554,244 shares of the company’s stock valued at $27,723,000 after acquiring an additional 37,861 shares in the last quarter. Black Cypress Capital Management LLC increased its position in shares of Fortune Brands Innovations by 22.6% in the fourth quarter. Black Cypress Capital Management LLC now owns 150,825 shares of the company’s stock valued at $7,544,000 after acquiring an additional 27,824 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Fortune Brands Innovations by 2,071.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 147,689 shares of the company’s stock valued at $7,387,000 after acquiring an additional 140,888 shares during the last quarter. Finally, Vulcan Value Partners LLC raised its holdings in Fortune Brands Innovations by 18.2% during the fourth quarter. Vulcan Value Partners LLC now owns 353,520 shares of the company’s stock worth $17,683,000 after acquiring an additional 54,492 shares in the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

Fortune Brands Innovations Stock Down 2.4%

Shares of Fortune Brands Innovations stock opened at $39.73 on Friday. The business has a fifty day simple moving average of $48.06 and a 200 day simple moving average of $44.06. The stock has a market cap of $4.74 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 1.80 and a beta of 1.30. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. Fortune Brands Innovations has a 12 month low of $32.34 and a 12 month high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last issued its earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.55. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The company’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Research analysts predict that Fortune Brands Innovations will post 3.33 EPS for the current year.

Fortune Brands Innovations Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st were issued a dividend of $0.26 per share. The ex-dividend date was Friday, August 21st. This represents a $1.04 annualized dividend and a yield of 2.6%. Fortune Brands Innovations’s payout ratio is currently 84.55%.

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.