Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN – Get Free Report) have earned an average recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $52.67.
A number of analysts have recently issued reports on the company. Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. UBS Group lifted their price objective on Fortune Brands Innovations from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Melius Research began coverage on Fortune Brands Innovations in a research report on Tuesday, October 6th. They issued a “hold” rating and a $44.00 target price on the stock. Citigroup reaffirmed a “reduce” rating on shares of Fortune Brands Innovations in a research report on Monday, October 19th. Finally, Wells Fargo & Company reduced their target price on Fortune Brands Innovations from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, September 11th.
Read Our Latest Research Report on FBIN
Fortune Brands Innovations Price Performance
Shares of NYSE:FBIN opened at $44.72 on Friday. The company has a market cap of $5.34 billion, a P/E ratio of 36.36, a P/E/G ratio of 2.18 and a beta of 1.31. The business has a fifty day simple moving average of $41.13 and a 200-day simple moving average of $45.29. Fortune Brands Innovations has a 52 week low of $32.34 and a 52 week high of $64.84. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11.
Fortune Brands Innovations (NYSE:FBIN – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.55. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business posted $1.00 earnings per share. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Equities research analysts forecast that Fortune Brands Innovations will post 3.33 EPS for the current year.
Fortune Brands Innovations Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 20th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, November 20th. Fortune Brands Innovations’s dividend payout ratio (DPR) is 84.55%.
Insider Activity at Fortune Brands Innovations
In other news, CEO Jesse Singh purchased 19,725 shares of the stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of $51.66 per share, for a total transaction of $1,018,993.50. Following the acquisition, the chief executive officer owned 19,725 shares of the company’s stock, valued at $1,018,993.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.32% of the company’s stock.
Institutional Investors Weigh In On Fortune Brands Innovations
Institutional investors have recently modified their holdings of the business. Community Bank N.A. boosted its stake in shares of Fortune Brands Innovations by 59.4% in the 2nd quarter. Community Bank N.A. now owns 765 shares of the company’s stock valued at $42,000 after purchasing an additional 285 shares during the last quarter. Parallel Advisors LLC raised its stake in Fortune Brands Innovations by 31.8% during the first quarter. Parallel Advisors LLC now owns 1,247 shares of the company’s stock worth $49,000 after buying an additional 301 shares during the last quarter. IMA Advisory Services Inc. raised its stake in Fortune Brands Innovations by 3.3% during the first quarter. IMA Advisory Services Inc. now owns 9,713 shares of the company’s stock worth $379,000 after buying an additional 306 shares during the last quarter. Allworth Financial LP lifted its holdings in Fortune Brands Innovations by 9.7% in the second quarter. Allworth Financial LP now owns 3,521 shares of the company’s stock valued at $193,000 after buying an additional 311 shares during the period. Finally, IFP Advisors Inc lifted its holdings in Fortune Brands Innovations by 24.4% in the third quarter. IFP Advisors Inc now owns 1,736 shares of the company’s stock valued at $66,000 after buying an additional 340 shares during the period. Institutional investors own 87.60% of the company’s stock.
About Fortune Brands Innovations
Fortune Brands Innovations, Inc is a manufacturer and marketer of products used in residential construction, remodeling and commercial applications. The company operates through businesses focused on water management, outdoor living and home safety and security.
Its portfolio includes plumbing products under brands such as Moen and House of Rohl; doors and related products marketed through Therma-Tru; composite decking and outdoor-living products from Fiberon; and locks, safes and security products sold under Master Lock and SentrySafe.
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