Fortune Brands Innovations (NYSE:FBIN) Sets New 12-Month Low – Time to Sell?

Fortune Brands Innovations, Inc. (NYSE:FBIN)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $42.68 and last traded at $42.7320, with a volume of 5478128 shares traded. The stock had previously closed at $43.95.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FBIN shares. Wolfe Research set a $64.00 price target on shares of Fortune Brands Innovations in a report on Friday, February 13th. Royal Bank Of Canada restated an “outperform” rating and set a $61.00 target price on shares of Fortune Brands Innovations in a research note on Friday, February 13th. UBS Group reaffirmed a “buy” rating and set a $70.00 target price on shares of Fortune Brands Innovations in a research report 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 target on Fortune Brands Innovations in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Fortune Brands Innovations currently has a consensus rating of “Hold” and a consensus price target of $60.00.

Fortune Brands Innovations Stock Down 2.8%

The company has a debt-to-equity ratio of 1.07, a current ratio of 1.84 and a quick ratio of 0.89. The business’s fifty day moving average price is $54.98 and its two-hundred day moving average price is $53.02. The stock has a market capitalization of $5.13 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41.

Fortune Brands Innovations (NYSE:FBIN) last issued 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). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.14 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The business’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. On average, equities research analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Fortune Brands Innovations

Hedge funds and other institutional investors have recently bought and sold shares of the business. Danske Bank A S acquired a new stake in Fortune Brands Innovations during the 4th quarter valued at approximately $25,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Fortune Brands Innovations in the second quarter worth $26,000. Hilltop National Bank purchased a new position in shares of Fortune Brands Innovations during the third quarter worth $26,000. EverSource Wealth Advisors LLC lifted its position in Fortune Brands Innovations by 158.3% during the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in Fortune Brands Innovations during the fourth quarter valued at $28,000. 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.