Fortune Brands Innovations, Inc. (NYSE:FBIN) Given Consensus Recommendation of "Hold" by Analysts

Fortune Brands Innovations, Inc. (NYSE:FBIN - Get Free Report) has earned an average rating of "Hold" from the twelve ratings firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $84.33.

FBIN has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their target price on Fortune Brands Innovations from $97.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada lowered their price objective on shares of Fortune Brands Innovations from $75.00 to $70.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of Fortune Brands Innovations in a research note on Tuesday, April 1st. They set a "hold" rating and a $70.00 target price on the stock. UBS Group decreased their price target on shares of Fortune Brands Innovations from $93.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Finally, Barclays cut their price objective on shares of Fortune Brands Innovations from $79.00 to $68.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th.

Fortune Brands Innovations Trading Down 0.9 %

Shares of NYSE FBIN traded down $0.51 during midday trading on Tuesday, reaching $53.58. The stock had a trading volume of 870,583 shares, compared to its average volume of 1,400,293. The company's 50 day moving average price is $58.90 and its 200 day moving average price is $70.01. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.65 and a current ratio of 1.25. Fortune Brands Innovations has a twelve month low of $47.21 and a twelve month high of $90.54. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 2.00 and a beta of 1.42.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.07). Fortune Brands Innovations had a net margin of 10.24% and a return on equity of 22.05%. As a group, sell-side analysts expect that Fortune Brands Innovations will post 4.24 EPS for the current year.

Insider Activity

In other Fortune Brands Innovations news, EVP Ron Wilson sold 1,500 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $68.94, for a total value of $103,410.00. Following the transaction, the executive vice president now owns 10,066 shares of the company's stock, valued at approximately $693,950.04. The trade was a 12.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kristin Papesh acquired 483 shares of Fortune Brands Innovations stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $61.99 per share, with a total value of $29,941.17. Following the purchase, the executive vice president now directly owns 7,617 shares in the company, valued at approximately $472,177.83. This trade represents a 6.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of Fortune Brands Innovations

Large investors have recently added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC bought a new position in shares of Fortune Brands Innovations during the 4th quarter valued at approximately $31,000. CX Institutional purchased a new position in Fortune Brands Innovations in the first quarter valued at approximately $29,000. Wingate Wealth Advisors Inc. purchased a new position in Fortune Brands Innovations in the fourth quarter valued at approximately $55,000. IFP Advisors Inc grew its holdings in Fortune Brands Innovations by 47.6% during the fourth quarter. IFP Advisors Inc now owns 853 shares of the company's stock valued at $62,000 after purchasing an additional 275 shares during the period. Finally, Alpine Bank Wealth Management purchased a new stake in Fortune Brands Innovations in the first quarter worth $62,000. Hedge funds and other institutional investors own 87.60% of the company's stock.

Fortune Brands Innovations Company Profile

Fortune Brands Innovations, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands.