The Goldman Sachs Group Lowers Fortune Brands Innovations (NYSE:FBIN) Price Target to $61.00

Fortune Brands Innovations (NYSE:FBIN) had its price target dropped by investment analysts at The Goldman Sachs Group from $69.00 to $61.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 17.89% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Barclays cut shares of Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $68.00 to $55.00 in a research note on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday, December 29th. Zelman & Associates lowered Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research note on Friday. UBS Group restated a “buy” rating and set a $70.00 price target on shares of Fortune Brands Innovations in a report on Friday. Finally, Robert W. Baird set a $55.00 price objective on shares of Fortune Brands Innovations in a research note on Friday. Four research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.00.

Fortune Brands Innovations Price Performance

FBIN traded up $0.42 on Tuesday, reaching $51.74. The stock had a trading volume of 2,456,756 shares, compared to its average volume of 2,587,134. Fortune Brands Innovations has a fifty-two week low of $44.04 and a fifty-two week high of $69.32. The firm has a 50-day moving average of $55.31 and a 200-day moving average of $54.13. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 4.99 and a beta of 1.41.

Fortune Brands Innovations (NYSE:FBIN) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.14). Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. As a group, sell-side analysts anticipate that Fortune Brands Innovations will post 4.24 EPS for the current year.

Institutional Trading of Fortune Brands Innovations

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in Fortune Brands Innovations by 0.8% during the first quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock worth $2,539,000 after buying an additional 324 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Fortune Brands Innovations by 20.5% in the 1st quarter. Empowered Funds LLC now owns 10,335 shares of the company’s stock worth $629,000 after acquiring an additional 1,761 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Fortune Brands Innovations by 83.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock valued at $52,000 after acquiring an additional 388 shares in the last quarter. Stephens Inc. AR increased its holdings in Fortune Brands Innovations by 6.5% during the 2nd quarter. Stephens Inc. AR now owns 4,530 shares of the company’s stock worth $233,000 after purchasing an additional 275 shares in the last quarter. Finally, Forum Financial Management LP raised its stake in shares of Fortune Brands Innovations by 41.4% in the second quarter. Forum Financial Management LP now owns 4,672 shares of the company’s stock worth $241,000 after purchasing an additional 1,369 shares during the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

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.