Fortune Brands Innovations, Inc. (NYSE:FBIN) Stock Has Average Target Price of $52.67

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have been given a consensus rating of “Hold” by the eighteen ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $52.67.

Several equities analysts recently weighed in on the company. Barclays cut their price objective on Fortune Brands Innovations from $54.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. Royal Bank Of Canada cut their target price on shares of Fortune Brands Innovations from $57.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Citigroup reiterated a “reduce” rating on shares of Fortune Brands Innovations in a report on Monday, October 19th. Zacks Research raised shares of Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $68.00 price objective on shares of Fortune Brands Innovations in a report on Wednesday, August 5th.

Insider Transactions at Fortune Brands Innovations

In other news, CEO Jesse Singh acquired 19,560 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $50.93 per share, with a total value of $996,190.80. Following the acquisition, the chief executive officer directly owned 39,285 shares in the company, valued at $2,000,785.05. This represents a 99.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 3.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Community Bank N.A. grew its holdings in Fortune Brands Innovations by 59.4% during the 2nd quarter. Community Bank N.A. now owns 765 shares of the company’s stock valued at $42,000 after buying an additional 285 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Fortune Brands Innovations by 31.8% in the first quarter. Parallel Advisors LLC now owns 1,247 shares of the company’s stock worth $49,000 after purchasing an additional 301 shares during the last quarter. IMA Advisory Services Inc. increased its holdings in Fortune Brands Innovations by 3.3% during the 1st quarter. IMA Advisory Services Inc. now owns 9,713 shares of the company’s stock worth $379,000 after purchasing an additional 306 shares during the period. Allworth Financial LP raised its holdings in shares of Fortune Brands Innovations by 9.7% in the 2nd quarter. Allworth Financial LP now owns 3,521 shares of the company’s stock valued at $193,000 after purchasing an additional 311 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Fortune Brands Innovations by 24.4% during the third quarter. IFP Advisors Inc now owns 1,736 shares of the company’s stock valued at $66,000 after buying an additional 340 shares during the last quarter. Institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Stock Performance

NYSE:FBIN opened at $43.09 on Friday. The company has a 50-day moving average of $41.32 and a 200-day moving average of $45.54. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 2.12 and a beta of 1.31. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. Fortune Brands Innovations has a twelve month low of $32.34 and a twelve month high of $64.84.

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

Fortune Brands Innovations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 20th. Fortune Brands Innovations’s dividend payout ratio (DPR) is currently 84.55%.

Fortune Brands Innovations Company Profile

Fortune Brands Innovations, Inc is a manufacturer and marketer of products used in residential construction, remodeling and commercial applications. The company operates through businesses focused on water management, outdoor living and home safety and security.

Its portfolio includes plumbing products under brands such as Moen and House of Rohl; doors and related products marketed through Therma-Tru; composite decking and outdoor-living products from Fiberon; and locks, safes and security products sold under Master Lock and SentrySafe.