Fortune Brands Innovations (NYSE:FBIN) Sees Strong Trading Volume – Time to Buy?

Fortune Brands Innovations, Inc. (NYSE:FBIN) shares saw unusually-high trading volume on Thursday . Approximately 12,448,040 shares traded hands during mid-day trading, an increase of 312% from the previous session’s volume of 3,020,506 shares.The stock last traded at $37.1640 and had previously closed at $38.28.

Analyst Ratings Changes

A number of equities analysts have recently commented on FBIN shares. Zacks Research cut Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. BMO Capital Markets decreased their target price on Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 17th. UBS Group reissued a “buy” rating and issued a $70.00 target price on shares of Fortune Brands Innovations in a report on Friday, February 13th. Wolfe Research set a $64.00 price target on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortune Brands Innovations in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $59.09.

Fortune Brands Innovations Trading Down 2.4%

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 firm has a market cap of $4.48 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.66 and a beta of 1.49. The business has a fifty day simple moving average of $50.41 and a 200-day simple moving average of $51.41.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.14). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.14 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. As a group, equities analysts forecast 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

Hedge funds have recently modified their holdings of the business. Danske Bank A S acquired a new stake in Fortune Brands Innovations in the fourth quarter valued at $25,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Fortune Brands Innovations in the 2nd quarter valued at about $26,000. Hilltop National Bank acquired a new stake in shares of Fortune Brands Innovations in the third quarter valued at about $26,000. EverSource Wealth Advisors LLC increased its stake in shares of Fortune Brands Innovations by 158.3% in the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after buying an additional 323 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in shares of Fortune Brands Innovations during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

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.