Fortune Brands Innovations (NYSE:FBIN) Hits New 1-Year Low – Here’s Why

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) hit a new 52-week low during trading on Wednesday . The stock traded as low as $38.20 and last traded at $38.4150, with a volume of 1076516 shares traded. The stock had previously closed at $39.56.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Barclays downgraded shares of Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $68.00 to $55.00 in a research report on Friday, February 13th. UBS Group reiterated a “buy” rating and issued a $70.00 price objective on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Zacks Research lowered Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Wolfe Research set a $64.00 target price on Fortune Brands Innovations in a research report on Friday, February 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.00.

Fortune Brands Innovations Trading Down 0.7%

The firm’s 50-day moving average price is $53.09 and its 200-day moving average price is $52.25. 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 company has a market cap of $4.71 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.86 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 during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $0.98 earnings per share. 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. As a group, equities research analysts expect that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fortune Brands Innovations

A number of large investors have recently made changes to their positions in FBIN. Vulcan Value Partners LLC grew its position in shares of Fortune Brands Innovations by 18.2% in the fourth quarter. Vulcan Value Partners LLC now owns 353,520 shares of the company’s stock valued at $17,683,000 after purchasing an additional 54,492 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Fortune Brands Innovations by 70.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,434 shares of the company’s stock worth $272,000 after purchasing an additional 2,242 shares during the period. Corient Private Wealth LLC grew its holdings in Fortune Brands Innovations by 112.7% during the 4th quarter. Corient Private Wealth LLC now owns 43,447 shares of the company’s stock valued at $2,174,000 after buying an additional 23,022 shares in the last quarter. Henson Edgewater Management LLC purchased a new position in Fortune Brands Innovations during the 4th quarter valued at about $443,000. Finally, Kera Capital Partners Inc. bought a new stake in shares of Fortune Brands Innovations during the fourth quarter valued at about $298,000. 87.60% of the stock is owned by institutional investors.

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.