Fortune Brands Innovations, Inc. (NYSE:FBIN) Stock Has Average Price Target of $52.67

Key Points

• Analysts remain neutral on FBIN: Eighteen brokerages give the stock an average “Hold” rating, with an average 12-month price target of $52.67 versus its reported opening price of $43.03.
• Recent performance was mixed: Fortune Brands Innovations beat quarterly EPS expectations, $1.35 versus $0.80, but revenue declined 4.1% year over year to $1.15 billion. The company guided to fiscal 2026 EPS of $3.22–$3.52.
• Ownership and income highlights: CEO Jesse Singh purchased nearly $1.02 million of shares, while institutional investors own 87.6% of the stock. The company declared a quarterly dividend of $0.26, equivalent to a 2.4% annualized yield.

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Get Free Report) have received an average recommendation of "Hold" from the eighteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $52.67.

FBIN has been the subject of several research reports. Truist Financial upgraded shares of Fortune Brands Innovations from a "hold" rating to a "buy" rating and raised their price target for the stock from $45.00 to $70.00 in a report on Tuesday, June 30th. The Goldman Sachs Group reiterated a "buy" rating and issued a $68.00 price objective on shares of Fortune Brands Innovations in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Fortune Brands Innovations from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. BMO Capital Markets increased their target price on shares of Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings raised shares of Fortune Brands Innovations from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th.

Insider Buying and Selling at Fortune Brands Innovations

In other news, CEO Jesse Singh acquired 19,725 shares of the business's stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer owned 19,725 shares in the company, valued at approximately $1,018,993.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.32% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FBIN. BlackRock Inc. bought a new position in Fortune Brands Innovations during the second quarter valued at approximately $1,062,255,000. Garden Investment Management L.P. acquired a new stake in Fortune Brands Innovations in the first quarter valued at approximately $137,471,000. Pictet Asset Management Holding SA grew its position in Fortune Brands Innovations by 74.0% in the first quarter. Pictet Asset Management Holding SA now owns 7,798,078 shares of the company's stock worth $303,757,000 after acquiring an additional 3,317,232 shares in the last quarter. Freestone Grove Partners LP bought a new stake in Fortune Brands Innovations in the second quarter worth approximately $136,063,000. Finally, Atlas FRM LLC bought a new stake in Fortune Brands Innovations in the second quarter worth approximately $100,192,500. Hedge funds and other institutional investors own 87.60% of the company's stock.

Fortune Brands Innovations Stock Down 1.7%

Shares of Fortune Brands Innovations stock opened at $43.03 on Friday. Fortune Brands Innovations has a 1 year low of $32.34 and a 1 year high of $64.84. The company has a market cap of $5.14 billion, a P/E ratio of 34.98, a P/E/G ratio of 2.16 and a beta of 1.31. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. The stock has a 50-day moving average price of $41.32 and a 200 day moving average price of $42.99.

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, beating the consensus estimate of $0.80 by $0.55. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%. The business's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. As a group, analysts expect that Fortune Brands Innovations will post 3.33 EPS for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 20th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. Fortune Brands Innovations's dividend payout ratio is 84.55%.

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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