Fortune Brands Innovations, Inc. (NYSE:FBIN) Given Average Rating of “Hold” by Analysts

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $62.3333.

A number of analysts recently commented on the stock. Evercore ISI restated an “outperform” rating on shares of Fortune Brands Innovations in a research note on Friday, October 31st. Vertical Research initiated coverage on Fortune Brands Innovations in a research report on Tuesday, October 21st. They set a “hold” rating and a $52.00 target price on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $62.00 price target on shares of Fortune Brands Innovations in a report on Friday, January 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday, December 29th. Finally, UBS Group cut their target price on Fortune Brands Innovations from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, October 31st.

Institutional Trading of Fortune Brands Innovations

Hedge funds and other institutional investors have recently bought and sold shares of the company. Greenwood Capital Associates LLC boosted its holdings in Fortune Brands Innovations by 16.5% in the 4th quarter. Greenwood Capital Associates LLC now owns 6,467 shares of the company’s stock valued at $323,000 after purchasing an additional 918 shares during the period. CWM LLC raised its position in shares of Fortune Brands Innovations by 25.1% in the fourth quarter. CWM LLC now owns 5,578 shares of the company’s stock worth $279,000 after buying an additional 1,120 shares in the last quarter. KBC Group NV boosted its stake in Fortune Brands Innovations by 19.4% during the fourth quarter. KBC Group NV now owns 1,167,432 shares of the company’s stock valued at $58,395,000 after buying an additional 190,041 shares during the period. Sage Mountain Advisors LLC bought a new stake in Fortune Brands Innovations during the fourth quarter valued at $306,000. Finally, Assetmark Inc. grew its position in Fortune Brands Innovations by 1.2% during the fourth quarter. Assetmark Inc. now owns 17,728 shares of the company’s stock worth $887,000 after buying an additional 208 shares in the last quarter. Institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Stock Down 2.5%

FBIN stock opened at $56.90 on Thursday. The stock has a fifty day moving average of $52.74 and a 200-day moving average of $53.80. Fortune Brands Innovations has a fifty-two week low of $44.04 and a fifty-two week high of $75.68. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 3.98 and a beta of 1.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 1.95.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.01). The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Fortune Brands Innovations had a net margin of 7.30% and a return on equity of 19.28%. Fortune Brands Innovations’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. Fortune Brands Innovations has set its FY 2025 guidance at 3.700-3.800 EPS. As a group, equities research analysts predict that Fortune Brands Innovations will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Friday, February 20th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from Fortune Brands Innovations’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.8%. Fortune Brands Innovations’s payout ratio is currently 37.31%.

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.