Fortune Brands Innovations, Inc. (NYSE:FBIN) Short Interest Up 18.0% in March

Fortune Brands Innovations, Inc. (NYSE:FBIN) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 6,715,066 shares, a growth of 18.0% from the February 26th total of 5,690,721 shares. Based on an average daily trading volume, of 2,830,224 shares, the short-interest ratio is presently 2.4 days. Approximately 5.7% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

FBIN has been the subject of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $61.00 target price on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Wolfe Research set a $64.00 price target on Fortune Brands Innovations in a research report on Friday, February 13th. Zacks Research cut Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. The Goldman Sachs Group dropped their price objective on Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $59.09.

Institutional Investors Weigh In On Fortune Brands Innovations

Several institutional investors have recently added to or reduced their stakes in FBIN. Royal Bank of Canada increased its holdings in Fortune Brands Innovations by 0.8% during the 1st quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock worth $2,539,000 after purchasing an additional 324 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Fortune Brands Innovations by 20.5% during the first quarter. Empowered Funds LLC now owns 10,335 shares of the company’s stock worth $629,000 after buying an additional 1,761 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Fortune Brands Innovations by 83.6% during the first quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock worth $52,000 after buying an additional 388 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Fortune Brands Innovations by 7.6% during the second quarter. Cetera Investment Advisers now owns 10,382 shares of the company’s stock worth $534,000 after buying an additional 731 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Fortune Brands Innovations by 294.6% in the 2nd quarter. Prudential Financial Inc. now owns 43,320 shares of the company’s stock valued at $2,230,000 after buying an additional 32,342 shares during the last quarter. 87.60% of the stock is owned by institutional investors.

Fortune Brands Innovations Trading Down 0.4%

Shares of FBIN traded down $0.17 during trading hours on Wednesday, reaching $38.80. The stock had a trading volume of 515,891 shares, compared to its average volume of 2,852,413. The company has a market cap of $4.65 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.58 and a beta of 1.41. Fortune Brands Innovations has a 52 week low of $37.07 and a 52 week high of $64.84. The company has a quick ratio of 0.89, a current ratio of 1.84 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average of $50.86 and a 200 day moving average of $51.51.

Fortune Brands Innovations (NYSE:FBIN) last posted its earnings results on Thursday, February 12th. The company reported $0.86 earnings per share (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 business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. On average, sell-side analysts expect that Fortune Brands Innovations will post 4.24 earnings per share for the current fiscal year.

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.