Medina Value Partners LLC Has $7.89 Million Position in Fortune Brands Innovations, Inc. $FBIN

Medina Value Partners LLC grew its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 23.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,847 shares of the company’s stock after purchasing an additional 28,116 shares during the period. Fortune Brands Innovations makes up 1.8% of Medina Value Partners LLC’s portfolio, making the stock its 24th biggest position. Medina Value Partners LLC owned about 0.12% of Fortune Brands Innovations worth $7,894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FBIN. Invesco Ltd. boosted its position in Fortune Brands Innovations by 3.0% during the 3rd quarter. Invesco Ltd. now owns 221,123 shares of the company’s stock worth $11,806,000 after acquiring an additional 6,341 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Fortune Brands Innovations by 22.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 557,809 shares of the company’s stock valued at $29,781,000 after purchasing an additional 101,730 shares in the last quarter. Sei Investments Co. grew its position in Fortune Brands Innovations by 27.2% during the third quarter. Sei Investments Co. now owns 174,570 shares of the company’s stock valued at $9,319,000 after purchasing an additional 37,328 shares in the last quarter. Magnetar Financial LLC increased its stake in Fortune Brands Innovations by 14.0% in the 3rd quarter. Magnetar Financial LLC now owns 125,673 shares of the company’s stock valued at $6,710,000 after buying an additional 15,478 shares during the period. Finally, Quadrant Capital Group LLC purchased a new stake in Fortune Brands Innovations in the 3rd quarter worth approximately $176,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Stock Up 1.3%

Shares of FBIN traded up $0.57 during trading hours on Friday, hitting $43.84. 66,498 shares of the company were exchanged, compared to its average volume of 2,732,628. The firm’s 50 day moving average is $55.27 and its 200-day moving average is $53.34. Fortune Brands Innovations, Inc. has a 52 week low of $42.95 and a 52 week high of $64.84. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 1.84. The company has a market cap of $5.26 billion, a PE ratio of 17.78, a PEG ratio of 1.92 and a beta of 1.41.

Fortune Brands Innovations (NYSE:FBIN) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.14). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.14 billion. Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. On average, equities research analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FBIN. Barclays downgraded shares of Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $68.00 to $55.00 in a research note on Friday, February 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $61.00 target price on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday, December 29th. BMO Capital Markets lowered their price target on Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating for the company in a research note on Tuesday, February 17th. Finally, Wolfe Research set a $64.00 price objective on Fortune Brands Innovations in a report 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fortune Brands Innovations presently has a consensus rating of “Hold” and an average price target of $60.00.

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.