Fortune Brands Innovations (NYSE:FBIN) Rating Lowered to “Equal Weight” at Barclays

Fortune Brands Innovations (NYSE:FBIN) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Friday, Marketbeat reports. They currently have a $55.00 target price on the stock. Barclays‘s price target would suggest a potential downside of 11.76% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Zelman & Associates cut Fortune Brands Innovations to a “neutral” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Monday, December 29th. Vertical Research initiated coverage on shares of Fortune Brands Innovations in a research note on Tuesday, October 21st. They set a “hold” rating and a $52.00 price target for the company. Royal Bank Of Canada restated an “outperform” rating and set a $62.00 target price on shares of Fortune Brands Innovations in a research report on Friday, January 9th. Finally, Evercore reissued an “outperform” rating on shares of Fortune Brands Innovations in a report on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Fortune Brands Innovations currently has a consensus rating of “Hold” and a consensus target price of $60.89.

Fortune Brands Innovations Stock Performance

NYSE FBIN opened at $62.33 on Friday. The company’s fifty day moving average is $55.25 and its two-hundred day moving average is $54.21. Fortune Brands Innovations has a 52-week low of $44.04 and a 52-week high of $70.05. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.95 and a quick ratio of 0.94. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 5.33 and a beta of 1.41.

Fortune Brands Innovations (NYSE:FBIN) last released its earnings results on Thursday, February 12th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.14). Fortune Brands Innovations had a net margin of 7.30% and a return on equity of 19.28%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The firm’s quarterly 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. Equities research analysts forecast that Fortune Brands Innovations will post 4.24 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. First Trust Advisors LP increased its position in shares of Fortune Brands Innovations by 9.1% during the second quarter. First Trust Advisors LP now owns 1,165,342 shares of the company’s stock worth $59,992,000 after buying an additional 97,662 shares during the period. CX Institutional boosted its stake in Fortune Brands Innovations by 22,269.6% during the third quarter. CX Institutional now owns 108,269 shares of the company’s stock worth $5,780,000 after acquiring an additional 107,785 shares in the last quarter. Keeler Thomas Management LLC acquired a new stake in Fortune Brands Innovations in the second quarter worth $920,000. Caxton Associates LLP acquired a new stake in Fortune Brands Innovations in the second quarter worth $2,717,000. Finally, Federated Hermes Inc. increased its stake in Fortune Brands Innovations by 56.0% in the third quarter. Federated Hermes Inc. now owns 1,317,373 shares of the company’s stock valued at $70,335,000 after purchasing an additional 473,031 shares in the last quarter. Institutional investors 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.