Fortune Brands Innovations, Inc. $FBIN Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 169.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 840,303 shares of the company’s stock after purchasing an additional 528,237 shares during the quarter. Victory Capital Management Inc. owned about 0.70% of Fortune Brands Innovations worth $44,864,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in FBIN. KLP Kapitalforvaltning AS boosted its position in Fortune Brands Innovations by 0.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 25,100 shares of the company’s stock valued at $1,340,000 after buying an additional 200 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Fortune Brands Innovations by 9.9% in the third quarter. Farther Finance Advisors LLC now owns 2,294 shares of the company’s stock valued at $122,000 after acquiring an additional 206 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Fortune Brands Innovations by 8.3% in the third quarter. UMB Bank n.a. now owns 2,794 shares of the company’s stock valued at $149,000 after acquiring an additional 215 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Fortune Brands Innovations by 1.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 21,341 shares of the company’s stock valued at $1,139,000 after purchasing an additional 219 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Fortune Brands Innovations by 11.3% in the third quarter. Fifth Third Bancorp now owns 2,166 shares of the company’s stock valued at $116,000 after purchasing an additional 220 shares during the period. 87.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FBIN has been the topic of several recent research reports. Wolfe Research set a $64.00 price target on Fortune Brands Innovations in a report on Friday, February 13th. UBS Group reissued a “buy” rating and set a $70.00 price objective on shares of Fortune Brands Innovations in a research report on Friday, February 13th. The Goldman Sachs Group cut their target price on shares of Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. BMO Capital Markets reduced their target price on shares of Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. Finally, Robert W. Baird set a $55.00 price target on shares of 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.00.

Fortune Brands Innovations Stock Down 5.1%

Fortune Brands Innovations stock opened at $45.73 on Friday. The stock has a market cap of $5.49 billion, a PE ratio of 18.51, a P/E/G ratio of 1.94 and a beta of 1.41. 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 stock’s fifty day moving average is $55.72 and its two-hundred day moving average is $53.69. Fortune Brands Innovations, Inc. has a 1-year low of $44.04 and a 1-year high of $65.75.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.14). Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The company’s revenue 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. On average, sell-side analysts expect that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 20th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Fortune Brands Innovations’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 20th. Fortune Brands Innovations’s dividend payout ratio is currently 42.11%.

Fortune Brands Innovations Company Profile

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.