Fortune Brands Innovations Stock Price, News & Analysis (NYSE:FBIN)

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortune Brands Innovations in the last year. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FBIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FBIN, but not buy additional shares or sell existing shares.
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12 brokerages have issued 1 year price objectives for Fortune Brands Innovations' stock. Their FBIN share price targets range from $48.00 to $88.00. On average, they predict the company's share price to reach $67.75 in the next twelve months. This suggests that the stock has a possible downside of 6.7%.
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Fortune Brands Innovations' stock was trading at $57.11 at the start of the year. Since then, FBIN shares have increased by 27.1% and is now trading at $72.59.
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Fortune Brands Innovations saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 3,910,000 shares, an increase of 12.0% from the October 31st total of 3,490,000 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 3.1% of the shares of the stock are short sold.
View Fortune Brands Innovations' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our FBIN earnings forecast.

Fortune Brands Innovations, Inc. (NYSE:FBIN) posted its earnings results on Wednesday, October, 25th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.12. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Fortune Brands Innovations had a net margin of 9.42% and a trailing twelve-month return on equity of 24.05%.

Fortune Brands Innovations declared a quarterly dividend on Tuesday, September 19th. Investors of record on Friday, November 24th will be paid a dividend of $0.23 per share on Wednesday, December 13th. This represents a $0.92 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, November 22nd.
Read our dividend analysis for FBIN.

Fortune Brands Innovations (NYSE:FBIN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.29%. The dividend payout ratio is 27.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBIN will have a dividend payout ratio of 22.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBIN.

ETFs with the largest weight of Fortune Brands Innovations (NYSE:FBIN) stock in their portfolio include SPDR S&P Homebuilders ETF (XHB), Invesco S&P MidCap Quality ETF (XMHQ), iShares U.S. Home Construction ETF (ITB), WisdomTree U.S. Value Fund (WTV), WisdomTree U.S. Quality Shareholder Yield Fund (QSY), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), SPDR S&P 400 Mid Cap Value ETF (MDYV) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV).

Fortune Brands Innovations issued an update on its fourth quarter earnings guidance on Wednesday, October, 25th. The company provided EPS guidance of $0.63-0.73 for the period, compared to the consensus EPS estimate of $1.01. The company issued revenue guidance of $1164-1211 million, compared to the consensus revenue estimate of $1.21 billion.

Fortune Brands Innovations' stock is owned by many different institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (4.27%), Wellington Management Group LLP (2.74%), Federated Hermes Inc. (1.62%), Northern Trust Corp (1.31%), FMR LLC (1.21%) and Massachusetts Financial Services Co. MA (1.18%).
View institutional ownership trends.

Shares of FBIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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