Fortune Brands Innovations, Inc. (NYSE:FBIN) Stock Has Average Target Price of $54.64 According to Analysts

Fortune Brands Innovations, Inc. (NYSE:FBIN) has earned an average recommendation of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $54.64.

FBIN has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price target on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. The Goldman Sachs Group reissued a “buy” rating and set a $68.00 price objective on shares of Fortune Brands Innovations in a report on Wednesday, August 5th. Wells Fargo & Company cut their target price on Fortune Brands Innovations from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Zacks Research upgraded Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th.

Fortune Brands Innovations Stock Performance

FBIN opened at $38.53 on Tuesday. The company has a market cap of $4.60 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.69 and a beta of 1.31. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average price is $44.61 and its 200-day moving average price is $42.96. Fortune Brands Innovations has a 52-week low of $32.34 and a 52-week high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last released its earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.55. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. Fortune Brands Innovations’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. As a group, equities analysts anticipate that Fortune Brands Innovations will post 3.33 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 20th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.7%. Fortune Brands Innovations’s payout ratio is 84.55%.

Insider Buying and Selling

In other news, CEO Jesse Singh bought 19,560 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $50.93 per share, for a total transaction of $996,190.80. Following the completion of the transaction, the chief executive officer directly owned 39,285 shares in the company, valued at approximately $2,000,785.05. This represents a 99.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.32% of the stock is currently owned by corporate insiders.

Institutional Trading of Fortune Brands Innovations

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Fortune Brands Innovations in the 2nd quarter valued at $1,062,255,000. Pictet Asset Management Holding SA raised its holdings in shares of Fortune Brands Innovations by 74.0% during the first quarter. Pictet Asset Management Holding SA now owns 7,798,078 shares of the company’s stock worth $303,757,000 after purchasing an additional 3,317,232 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Fortune Brands Innovations by 20.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,236,159 shares of the company’s stock valued at $161,873,000 after purchasing an additional 544,332 shares during the period. Dimensional Fund Advisors LP lifted its position in Fortune Brands Innovations by 7.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,064,086 shares of the company’s stock valued at $158,362,000 after purchasing an additional 271,371 shares during the period. Finally, Garden Investment Management L.P. purchased a new stake in Fortune Brands Innovations in the first quarter valued at $137,471,000. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Fortune Brands Innovations Company Profile

Fortune Brands Innovations, Inc is a manufacturer and marketer of products used in residential construction, renovation and outdoor living. The company operates a portfolio of brands focused on water, doors, outdoor living and home security products.

Its water-related products include faucets, showers and other plumbing fixtures marketed under brands such as Moen, House of Rohl, ROHL, Perrin & Rowe and Aqualisa. Its doors and outdoor living businesses offer entry doors, storm and screen doors, decking, railing, fencing and related building products through brands including Therma-Tru, Larson, Fiberon and Fypon.