Fortune Brands Innovations, Inc. (NYSE:FBIN) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have received a consensus recommendation of “Hold” from the eighteen research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $52.67.

A number of equities research analysts recently commented on FBIN shares. Royal Bank Of Canada dropped their target price on 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. BMO Capital Markets raised their price target on shares of Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Melius Research started coverage on shares of Fortune Brands Innovations in a research note on Tuesday, October 6th. They set a “hold” rating and a $44.00 price objective for the company. Finally, Barclays decreased their price objective on shares of Fortune Brands Innovations from $54.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th.

Fortune Brands Innovations Stock Performance

Shares of FBIN opened at $42.15 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01. The stock has a 50-day moving average of $41.18 and a two-hundred day moving average of $45.43. The stock has a market cap of $5.03 billion, a P/E ratio of 34.27, a P/E/G ratio of 2.12 and a beta of 1.31. Fortune Brands Innovations has a one year low of $32.34 and a one year high of $64.84.

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

Fortune Brands Innovations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 20th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, November 20th. Fortune Brands Innovations’s dividend payout ratio (DPR) is 84.55%.

Insider Activity

In other Fortune Brands Innovations news, CEO Jesse Singh bought 19,725 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average cost of $51.66 per share, for a total transaction of $1,018,993.50. Following the completion of the transaction, the chief executive officer directly owned 19,725 shares of the company’s stock, valued at approximately $1,018,993.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fortune Brands Innovations

Several hedge funds have recently added to or reduced their stakes in the business. Community Bank N.A. raised its position in Fortune Brands Innovations by 59.4% during the second quarter. Community Bank N.A. now owns 765 shares of the company’s stock valued at $42,000 after acquiring an additional 285 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Fortune Brands Innovations by 31.8% in the first quarter. Parallel Advisors LLC now owns 1,247 shares of the company’s stock valued at $49,000 after acquiring an additional 301 shares during the period. IMA Advisory Services Inc. lifted its holdings in Fortune Brands Innovations by 3.3% in the first quarter. IMA Advisory Services Inc. now owns 9,713 shares of the company’s stock valued at $379,000 after acquiring an additional 306 shares during the period. Allworth Financial LP boosted its position in Fortune Brands Innovations by 9.7% in the 2nd quarter. Allworth Financial LP now owns 3,521 shares of the company’s stock worth $193,000 after purchasing an additional 311 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Fortune Brands Innovations by 24.4% in the 3rd quarter. IFP Advisors Inc now owns 1,736 shares of the company’s stock worth $66,000 after purchasing an additional 340 shares in the last quarter. 87.60% of the stock is owned by hedge funds and other institutional investors.

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.