Fortune Brands Innovations, Inc. (NYSE:FBIN) Receives $60.00 Consensus Price Target from Analysts

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $60.00.

FBIN has been the subject of several analyst reports. Zacks Research downgraded shares of Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. The Goldman Sachs Group cut their price objective on shares of Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Zelman & Associates lowered shares of Fortune Brands Innovations from an “outperform” rating to a “neutral” rating 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 report on Friday, February 13th. Finally, UBS Group restated a “buy” rating and issued a $70.00 price target on shares of Fortune Brands Innovations in a research note on Friday, February 13th.

Fortune Brands Innovations Trading Down 1.2%

Shares of NYSE FBIN opened at $40.87 on Friday. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.76 and a beta of 1.41. Fortune Brands Innovations has a 12-month low of $39.95 and a 12-month high of $64.84. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $54.27 and its 200 day simple moving average is $52.75.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. Fortune Brands Innovations’s quarterly 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. Equities research analysts expect that Fortune Brands Innovations will post 4.24 EPS for the current year.

Institutional Trading of Fortune Brands Innovations

Several large investors have recently added to or reduced their stakes in the business. Danske Bank A S acquired a new position in Fortune Brands Innovations during the 4th quarter worth $25,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Fortune Brands Innovations during the second quarter valued at $26,000. Hilltop National Bank acquired a new position in shares of Fortune Brands Innovations during the third quarter valued at $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Fortune Brands Innovations by 158.3% during the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of Fortune Brands Innovations during the fourth quarter valued at about $28,000. 87.60% of the stock is currently owned by institutional investors and hedge funds.

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.