Fortune Brands Innovations (NYSE:FBIN) Given New $43.00 Price Target at Barclays

Fortune Brands Innovations (NYSE:FBIN) had its price target dropped by research analysts at Barclays from $55.00 to $43.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 6.90% from the stock’s previous close.

Several other equities research analysts also recently commented on FBIN. 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. BMO Capital Markets dropped their target price on shares of Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 17th. Zacks Research downgraded shares of Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Robert W. Baird set a $55.00 target price on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Finally, Wolfe Research set a $64.00 target price on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $58.00.

Fortune Brands Innovations Stock Up 7.6%

Fortune Brands Innovations stock traded up $2.85 during mid-day trading on Wednesday, hitting $40.23. The company had a trading volume of 745,899 shares, compared to its average volume of 2,890,908. 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 moving average price is $48.77 and its two-hundred day moving average price is $50.81. Fortune Brands Innovations has a 12 month low of $36.07 and a 12 month high of $64.84. The company has a market capitalization of $4.82 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49.

Fortune Brands Innovations (NYSE:FBIN) last released its 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). 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 during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.98 earnings per share. The company’s 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. As a group, sell-side analysts anticipate that Fortune Brands Innovations will post 4.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vulcan Value Partners LLC lifted its position in Fortune Brands Innovations by 18.2% during 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 during the period. Rockefeller Capital Management L.P. lifted its holdings in Fortune Brands Innovations by 70.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,434 shares of the company’s stock valued at $272,000 after acquiring an additional 2,242 shares during the period. Corient Private Wealth LLC lifted its holdings in Fortune Brands Innovations by 112.7% in the fourth quarter. Corient Private Wealth LLC now owns 43,447 shares of the company’s stock valued at $2,174,000 after acquiring an additional 23,022 shares during the period. Henson Edgewater Management LLC bought a new position in Fortune Brands Innovations in the fourth quarter valued at about $443,000. Finally, Kera Capital Partners Inc. bought a new position in Fortune Brands Innovations in the fourth quarter valued at about $298,000. Institutional investors own 87.60% of the company’s stock.

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.