Fortune Brands Innovations (NYSE:FBIN – Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.220-3.520 for the period, compared to the consensus estimate of 3.140. The company issued revenue guidance of -.
Fortune Brands Innovations Trading Down 3.2%
Shares of Fortune Brands Innovations stock traded down $1.69 on Thursday, hitting $50.60. The stock had a trading volume of 882,076 shares, compared to its average volume of 2,758,591. The company has a quick ratio of 1.04, a current ratio of 2.13 and a debt-to-equity ratio of 1.15. Fortune Brands Innovations has a one year low of $32.34 and a one year high of $64.84. The stock’s 50-day simple moving average is $46.91 and its two-hundred day simple moving average is $46.30. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 3.40 and a beta of 1.31.
Fortune Brands Innovations (NYSE:FBIN – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.55. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.36%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm earned $1.00 EPS. The company’s revenue was down 4.1% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. As a group, sell-side analysts predict that Fortune Brands Innovations will post 3.14 EPS for the current year.
Fortune Brands Innovations Announces Dividend
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Royal Bank Of Canada lifted their price objective on Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday. Zacks Research raised Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings downgraded Fortune Brands Innovations from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Finally, BMO Capital Markets raised their price target on Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Fortune Brands Innovations presently has an average rating of “Hold” and a consensus price target of $55.33.
Get Our Latest Stock Report on FBIN
Insider Activity at Fortune Brands Innovations
In other news, Director Edward P. Garden purchased 403,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of $33.40 per share, for a total transaction of $13,460,200.00. Following the completion of the transaction, the director directly owned 3,556,867 shares of the company’s stock, valued at $118,799,357.80. This trade represents a 12.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders purchased 786,367 shares of company stock valued at $28,653,958. Company insiders own 3.32% of the company’s stock.
Institutional Trading of Fortune Brands Innovations
A number of hedge funds have recently modified their holdings of the business. Orbis Allan Gray Ltd boosted its holdings in Fortune Brands Innovations by 586.7% in the fourth quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock worth $363,760,000 after acquiring an additional 6,213,274 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Fortune Brands Innovations during the second quarter valued at $77,441,000. Freestone Grove Partners LP raised its position in shares of Fortune Brands Innovations by 143.6% in the 4th quarter. Freestone Grove Partners LP now owns 1,949,958 shares of the company’s stock worth $97,537,000 after purchasing an additional 1,149,583 shares during the last quarter. Goldentree Asset Management LP purchased a new position in shares of Fortune Brands Innovations in the 4th quarter worth about $38,648,000. Finally, Bamco Inc. NY bought a new position in Fortune Brands Innovations in the 4th quarter worth about $38,705,000. Institutional investors 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.
Read More
- Five stocks we like better than Fortune Brands Innovations
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
- Astera Labs’ Post-Earnings Pullback May Be Last Chance to Buy Below $360
- McDonald’s Stock Sell-Off: Justified Warning or Buying Opportunity?
Receive News & Ratings for Fortune Brands Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Innovations and related companies with MarketBeat.com's FREE daily email newsletter.
