Fortune Brands Innovations, Inc. (NYSE:FBIN) Stock Has Consensus Price Target of $54.64

Key Points

• Analysts rate Fortune Brands Innovations “Hold” overall: Nine analysts recommend holding the stock, six recommend buying, and the consensus 12-month price target is $54.64.
• FBIN opened at $38.48, down 2.3%, well below its 52-week high of $64.84. The company recently exceeded quarterly EPS expectations, reporting $1.35 versus the $0.80 consensus, although revenue declined 4.1% year over year.
• The company declared a quarterly dividend of $0.26 per share, equating to a 2.7% annualized yield. CEO Jesse Singh also purchased nearly $1.0 million of company stock, while institutional investors own 87.6% of outstanding shares.

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Get Free Report) have been assigned a consensus rating of "Hold" from the seventeen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $54.64.

A number of equities research analysts have recently weighed in on the company. Evercore set a $45.00 price target on Fortune Brands Innovations in a research note on Friday. DA Davidson initiated coverage on Fortune Brands Innovations in a research note on Monday, August 24th. They issued a "buy" rating and a $64.00 price target for the company. Wells Fargo & Company dropped their price objective on Fortune Brands Innovations from $52.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, September 11th. Barclays cut their price objective on shares of Fortune Brands Innovations from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 5th. Finally, Truist Financial upgraded shares of Fortune Brands Innovations from a "hold" rating to a "buy" rating and lifted their target price for the company from $45.00 to $70.00 in a research note on Tuesday, June 30th.

Fortune Brands Innovations Trading Down 2.3%

NYSE FBIN opened at $38.48 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. Fortune Brands Innovations has a 1-year low of $32.34 and a 1-year high of $64.84. The firm's fifty day simple moving average is $45.30 and its 200-day simple moving average is $43.08. The company has a market capitalization of $4.59 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The business's revenue for the quarter 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 anticipate that Fortune Brands Innovations will post 3.33 earnings per share for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st were issued a dividend of $0.26 per share. The ex-dividend date was Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.7%. Fortune Brands Innovations's dividend payout ratio (DPR) is currently 84.55%.

Insider Activity

In other Fortune Brands Innovations news, CEO Jesse Singh acquired 19,560 shares of Fortune Brands Innovations stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $50.93 per share, with a total value of $996,190.80. Following the purchase, the chief executive officer owned 39,285 shares in the company, valued at approximately $2,000,785.05. This trade represents a 99.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On Fortune Brands Innovations

Several hedge funds have recently bought and sold shares of the business. EFG International AG acquired a new stake in shares of Fortune Brands Innovations in the second quarter worth about $32,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Fortune Brands Innovations during the 1st quarter valued at about $30,000. Community Bank N.A. raised 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 acquiring an additional 285 shares in the last quarter. Twin Tree Management LP bought a new position in shares of Fortune Brands Innovations in the 2nd quarter valued at approximately $47,000. Finally, Markowski Investments bought a new position in shares of Fortune Brands Innovations in the 2nd quarter valued at approximately $49,000. 87.60% of the stock is owned by institutional investors and hedge funds.

About Fortune Brands Innovations

Fortune Brands Innovations, Inc NYSE: FBIN is a manufacturer and marketer of products used in residential, commercial and remodeling applications. The company focuses on improving the safety, functionality, design and outdoor living experience of buildings through a portfolio of branded products.

Its offerings include plumbing fixtures and related water products, including faucets, showers and other kitchen and bathroom solutions; entry-door systems and fiberglass and steel doors; decking and outdoor-living products; and security products such as locks, safes and connected access solutions.

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