Brokerages Set Fortune Brands Innovations, Inc. (NYSE:FBIN) Price Target at $59.09

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have been assigned an average recommendation of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $58.00.

Several equities research analysts have commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $61.00 price objective on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Barclays decreased their price objective on shares of Fortune Brands Innovations from $55.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday. Zelman & Associates lowered shares of Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday, December 29th. Finally, Robert W. Baird set a $55.00 price objective on shares of Fortune Brands Innovations in a research note on Friday, February 13th.

Institutional Investors Weigh In On Fortune Brands Innovations

Several large investors have recently modified their holdings of the stock. Vulcan Value Partners LLC increased its stake in shares of Fortune Brands Innovations by 18.2% during the 4th quarter. Vulcan Value Partners LLC now owns 353,520 shares of the company’s stock worth $17,683,000 after purchasing an additional 54,492 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Fortune Brands Innovations by 70.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,434 shares of the company’s stock worth $272,000 after purchasing an additional 2,242 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Fortune Brands Innovations by 112.7% during the 4th quarter. Corient Private Wealth LLC now owns 43,447 shares of the company’s stock worth $2,174,000 after purchasing an additional 23,022 shares during the last quarter. Henson Edgewater Management LLC purchased a new stake in shares of Fortune Brands Innovations during the 4th quarter worth approximately $443,000. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Fortune Brands Innovations during the 4th quarter worth approximately $298,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Trading Up 1.3%

NYSE:FBIN opened at $40.84 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 1.84. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.71 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 firm has a 50-day moving average price of $48.20 and a two-hundred day moving average price of $50.66.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.14). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last 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 analysts expect that Fortune Brands Innovations will post 4.24 earnings per share for the current fiscal year.

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.