Fortune Brands Innovations (NYSE:FBIN) Coverage Initiated by Analysts at Melius Research

Key Points

• Melius Research initiated coverage of Fortune Brands Innovations with a “hold” rating and a $44 price target, implying 13.57% upside from the prior close. Overall analyst sentiment remains “Hold,” with an average target of $53.47.
• FBIN opened at $38.74 and has recently traded below its 50-day moving average of $44.10. The stock’s 52-week range is $32.34 to $64.84, while the company reported quarterly EPS of $1.35, beating estimates by $0.55, despite a 4.1% year-over-year revenue decline.
• CEO Jesse Singh bought nearly $1 million worth of shares, nearly doubling his personal holdings. Institutional investors own approximately 87.6% of the company’s stock.

Equities research analysts at Melius Research initiated coverage on shares of Fortune Brands Innovations (NYSE:FBIN - Get Free Report) in a report released on Tuesday, Briefing.com reports. The firm set a "hold" rating and a $44.00 price target on the stock. Melius Research's price objective indicates a potential upside of 13.57% from the company's previous close.

FBIN has been the topic of a number of other reports. Barclays set a $47.00 price target on Fortune Brands Innovations in a research report on Tuesday. The Goldman Sachs Group restated a "buy" rating and set a $68.00 target price on shares of Fortune Brands Innovations in a research note on Wednesday, August 5th. Evercore set a $45.00 price target on Fortune Brands Innovations in a research note on Friday, September 25th. Royal Bank Of Canada raised their price target on Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Finally, Truist Financial upgraded Fortune Brands Innovations from a "hold" rating to a "buy" rating and boosted their price target for the stock from $45.00 to $70.00 in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $53.47.

Fortune Brands Innovations Stock Performance

FBIN stock opened at $38.74 on Tuesday. Fortune Brands Innovations has a one year low of $32.34 and a one year high of $64.84. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 1.71 and a beta of 1.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01. The firm has a 50-day simple moving average of $44.10 and a two-hundred day simple moving average of $42.89.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $0.80 by $0.55. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business posted $1.00 EPS. Fortune Brands Innovations'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. On average, equities analysts forecast that Fortune Brands Innovations will post 3.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jesse Singh acquired 19,560 shares of the business's stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of $50.93 per share, with a total value of $996,190.80. Following the completion of the acquisition, the chief executive officer owned 39,285 shares of the company's stock, valued at approximately $2,000,785.05. This trade represents a 99.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed 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

A number of large investors have recently bought and sold shares of FBIN. EFG International AG acquired a new stake in Fortune Brands Innovations during the 2nd quarter valued at approximately $32,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Fortune Brands Innovations during the first quarter worth $30,000. Community Bank N.A. lifted its position in Fortune Brands Innovations by 59.4% during the second 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 period. Twin Tree Management LP acquired a new position in Fortune Brands Innovations during the second quarter valued at $47,000. Finally, Markowski Investments purchased a new stake in Fortune Brands Innovations in the second quarter valued at $49,000. Hedge funds and other institutional investors own 87.60% of the company's stock.

Fortune Brands Innovations Company Profile

Fortune Brands Innovations, Inc is a manufacturer and marketer of products used in residential construction, renovation and outdoor living. The company operates a portfolio of brands focused on water, doors, outdoor living and home security products.

Its water-related products include faucets, showers and other plumbing fixtures marketed under brands such as Moen, House of Rohl, ROHL, Perrin & Rowe and Aqualisa. Its doors and outdoor living businesses offer entry doors, storm and screen doors, decking, railing, fencing and related building products through brands including Therma-Tru, Larson, Fiberon and Fypon.

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